You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by email as we did in the past, but we post this and all of the newsletters on our website here.

Friends,

I first mentioned THC beverages in this newsletter in August last year, calling THC from hemp an opportunity and a threat to state-regulated cannabis companies. In that article, I revealed that I first became very interested in the topic in April 2024, when a Houston-based company focused on hemp-derived cannabinoid products had merged with a craft beer maker. More recently, I detailed last week the surprising veto of legislation in Texas by the governor in late June, and I had discussed two weeks ago how THC beverages (and all hemp cannabinoid products) were facing threats from the federal government and many states. I said then that anyone who supports cannabis legalization should embrace hemp as a source of cannabinoids and fight for better regulation.

I have covered the cannabis industry closely since early 2013, starting 420 Investor for individuals who want to learn more about cannabis stocks later that year. I then launched New Cannabis Ventures with a partner in 2015. This week, a decade later from my last new business, I launched another business related to cannabis, but it has nothing at all to do with stocks. The website I launched is THC Shopping.

The goal of this new website is to help educate consumers about cannabis products and cannabis retailers, focusing on products related to or derived from hemp. I have already shared 7 blog posts. The first one introduces the website and explains what it is all about. There is also one that discusses cannabis beverages and one also on CBD products. Finally, I have two that discuss good retailers and good cannabis products, and two that explain some of the things that can go wrong with both.

I am hopeful that many NCV readers will find my new work interesting to them, as THC beverages and the making of hemp-based products can impact cannabis companies. Since I first made my point about the risks and opportunities in hemp almost a year ago, the three largest MSOs have all started to be involved with hemp. At the end of May, I warned about these three MSOs, which comprise now 69% of the MSOS ETF. While I do not believe that these three MSOs are hurting themselves with their actions, I do not yet see much of a benefit either to their initial hemp involvement.

As I say on the new website: Cannabis is confusing. A lot has already changed, and a lot more will change, including hopefully better regulation. Cannabis consumers deserve to know and need to better understand that there are many types of cannabis products, some not at all good, and that not all retailers have their best interests in mind. For those of you who want to learn more, you now know where you can! The rest of you should take comfort that I will continue to put the same amount of energy into New Cannabis Ventures.

Sincerely,

Alan

New Cannabis Ventures publishes curated articles as well as exclusive news. Here is what we published this past week:

Exclusives

Cannabis Sales Climb in June

Cannabis Stocks Fall Again

Illinois Adult-Use Cannabis Sales Were Higher in May

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Exclusive article by Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email