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What to Know Ahead of MJ Biz Daily Las Vegas!!!

Nov 14, 2022 • 8:27 AM EST
5 MIN READ  •  By Michael Berger
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Later on this week, thousands of cannabis executives and investors will arrive in Las Vegas for the MJ Biz Daily conference. The conference should provide important actionable information on the burgeoning industry and believe our readers need to be aware of certain trends in the sector.

From the United States (US) to the European Union (EU), we are seeing legal cannabis legislation gain traction and this is a trend we expect will become more significant in 2023. Last week, several states voted on some form of cannabis legislation and we believe the US is reaching an inflection point. In the EU, we are following Germany’s cannabis industry and expect to see recreational cannabis legalized in the region’s largest market (as measured by gross domestic product or GDP).

During the last month, we have noticed positive momentum in the cannabis sector and are favorable on the trend. High profile operators like Canopy Growth Corporation (Nasdaq: CGC) (TSX: WEED) and Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) have benefited from the positive momentum and we are closely following how the sector continues to perform.

Although the recent move higher has been significant, the sector is trading well below its 52-week highs and we expect to see more volatility in the months ahead. We believe the market is highly focused on how legislation advances in the US and in the EU as these markets will have a major impact on the sector’s performance in the near-term.

If you are interested in learning more about the cannabis sector and the companies that could benefit from the recent trend, please send an email to support@technical420.com with the subject “Cannabis Sector Trends” to be added to our distribution list.

 

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Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.

This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws.

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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