In this podcast episode, MITA's guest host, Tom Howard, explores the challenges and mistakes observed in Washington State's cannabis industry during its first decade of legal adult use.

The panel includes experts from Washington State:

Josh Kincaid, host of The Talking Hedge

https://www.linkedin.com/in/joshkincaid/

Caitlin Ryan, Executive Director for the Cannabis Alliance

https://thecannabisalliance.us/caitlein-ryan/

Neil Janaja, Managing Partner at Gleam Law

https://www.gleamlaw.com/cannabis-attorneys/neil-k-juneja/

The conversation delves into various issues, such as the slow development of the cannabis market since its legalization in 1998 for medical use, with dispensaries only emerging in 2011. The panel highlights specific challenges, like the imposition of a class C felony for homegrown cannabis and restrictions on operating cannabis lounges, hindering the industry's growth.

The host and guests touch on the unique structure of Washington's cannabis industry, including the absence of vertical integration and the requirement for a six-month residency to be on a license. They also discuss the need for changes in regulations, particularly in terms of allowing out-of-state ownership and promoting equity in the industry.

The panelists express concerns about the slow pace of reform and the challenges faced by businesses in adapting to evolving regulations. They emphasize the importance of learning from Washington State's experiences to shape better policies in other regions.

The episode also covers ongoing legislative efforts, such as bills related to homegrown cannabis and the challenges faced in pushing for these changes. The discussion sheds light on the complexities of the cannabis industry, touching on legal, regulatory, and social aspects.

The podcast provides insights into the evolution of Washington State's cannabis market, highlighting both successes and setbacks. The panelists encourage listeners to stay informed about the industry's developments and learn from the experiences shared by Washington's cannabis experts.

Episode 1,190 The #TalkingHedge...

Your Favorite Business Podcast.

​Covering news, interviews, events, finance, data, and more.

https://www.theTalkingHedgepodcast.com

Music Info:

Song: Beat | Keep On | 2020

Artist: Milochromatic Beats

&

Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018

Artist: LuxrayBeats

Keywords:

News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,

This is only entertainment. This is NOT financial advice.

2024 Cannabis Crystal Ball Predictions, including:

*lounges & lockers

*Strain stability (availability)

*S3 is BIG Pharma's trojan horse

*5 year sideways movement

*Increase in SKUs nationwide

*More automation

Summary:

00:00 - Intro

01:03 - 2019 prediction recap

01:34 - Crystal Ball explanation

02:36 - MJ Biz Con recap

03:35 - thoughts from an activist to owner

07:59 - Doom & Gloom, or Naive?

09:45 - Distrobution is key

11:11 - Cannabis Culture

13:03 - Product innovation

16:00 - 2022 - 2023 overview

16:17 - Branding

18:31 - Josh's prediction

19:04 - cannabis investors

28:58 -2024 cannabis predictions

30:14 - hemp bill

31:02 - MISC Category

31:21 - Cannabis Lounges

33:36 - Small Biz over MSOs

38:42 - Safe Banking Act

40:06 - Schedule 3

44:58 - Miggy's Predictions

52:13 - Investors' Predictions

54:02 - Miggy's final thoughts

57:50 - Outro

Guest:

Miggy420, Co-host of Cannabis Legalization News

https://www.youtube.com/cannabislegalizationnews

Host:

Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.

https://www.linkedin.com/in/joshkincaid/

Episode 1189 The #TalkingHedge...

Your Favorite Business Podcast.

​Covering news, interviews, events, finance, data, and more.

https://www.theTalkingHedgepodcast.com

Music Info:

Song: Beat | Keep On | 2020

Artist: Milochromatic Beats

&

Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018

Artist: LuxrayBeats

Keywords:

News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,

This is only entertainment. This is NOT financial advice.

Join us as we unravel the numbers, decode the trends, and navigate the thriving landscape of cannabis commerce.

Summary:

00:00 - Intro

00:35 - Total Sales (2023)

06:19 - Total Sales (2020-2023)

09:35 - Year Over Year Growth (2023)

12:38 - Year Over Year Growth (2020-2023)

16:07 - Average Basket (2023)

18:59 - Average Basket (2020-2023)

23:29 - Number of Products (2023)

25:57 - Number of Products (2020-2023)

29:52 - Same Store Sales (2023)

30:33 - Same Store Sales (2020-2023)

31:06 - Outro

Guest:

Jesse Redmond, Managing Director at Water Tower Research

https://www.linkedin.com/in/jesseredmond/

Host:

Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.

https://www.linkedin.com/in/joshkincaid/

Episode 1,188 The #TalkingHedge...

Your Favorite Business Podcast.

​Covering news, interviews, events, finance, data, and more.

https://www.theTalkingHedgepodcast.com

Music Info:

Song: Beat | Keep On | 2020

Artist: Milochromatic Beats

&

Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018

Artist: LuxrayBeats

Keywords:

News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,

This is only entertainment. This is NOT financial advice.