High Finance

A lot of people think Finance & Accounting are the same thing. They're very different. But sometimes they go out to lunch together and it looks like this:

Detailed breakdown of Q1 Sales vs prior years; the region assignments were my own (someone else might break them out differently)

Growth in the Cannabis market is being driven by the Midwest & East Coast We can see this in the Q1 sales numbers broken out by region. Over a 2 year period: West (-12%) Midwest +55% East Coast +61% *excludes Washington but I think it's unlikely that would change the trend (detailed breakdown shown in first comment below)

"280e might be gone"

Cleaned out my dad's closet and found a box of Super 8 reels, this one was Arthur Ashe at the 1972 US Open🎾

4: Top sellers are Multi-State brands source: BDSA

3: Big recent bump in retail licenses

A few slides on the NJ Cannabis market 1: Highest Flower Price in the country

@maevro it can always be worse

@TheWeedCFO Oooof

if you're feeling bad about having invested in the US cannabis market

@808emanresu easier to audit as well

@TheWeedCFO Less tax evasion

There are much simpler tax systems. I worked for a while in a country where employers paid income taxes for their employees. This had several huge benefits: 1) Less Stress: employees did not need to understand, calculate, or file taxes 2) More Clarity: salaries were negotiated on a net basis, so employees knew exactly what they would receive each month (including health insurance) 3) Less Bitterness: employees didn't see a breakdown of how much tax they pay every two weeks (which leads to resentment) As an employee, I liked that system. Maybe the employers didn't. Either way, our current system is fucked.

@ElGuapoTron4000 Did you check it out?

DC Trap Shop

@jfberke *with sun

the breakdown:

BDSA predictions: 2024 Legal Cannabis Sales: -Global: $40.7 billion (11.6%) -US: $32 billion (+9.8%) -Canada: $5 billion (+5.1%) -International: $3.5 billion (+46%) And by 2028: -Global: $58 billion (9.7% CAGR) -US: $46 billion (9.1% CAGR) -Canada: $5.3 billion (3.4% CAGR) -International: $7 billion (23.8% CAGR)

@jfberke Based on my conversations, both Tobacco & Alcohol are looking over their shoulders for the Pharma monster

@jfberke like taking a nice tequila and then dumping rubbing alcohol in it to make it stronger

@jfberke next up: an unhealthy obsession with WWII

@hudsonryan Do you know the other half? Genuinely interested

That’s about half the story and the less interesting half for sure…