Leg rec is ramping up across the U.S. and around the world. Will pro-business, pro-state Donald Trump support the federal legalization of cannabis?
Listen and learn:
- Is the United States finally recognizing the importance of cannabis law reform?
- Will cannabis always be in short supply?
- What clues do we have about Trump’s views on cannabis?
The Cannabis Catch-Up is sponsored by Boveda, the leader in two-way humidity control for buds. Subscribe to the Boveda Cannabis YouTubeChannel. Or listen to Lance Lambert’s insights live every Monday at 4:20 pm EST on The Todd Shapiro Show (SiriusXM Channel 168).
Take aways from this episode:
Three more states legalized cannabis in the midterm elections. (3:21)
Legalization in Canada has led to cannabis shortages—one retailer ran out of flower in three hours! (3:56)
Canada received its first shipment of medical cannabis from Jamaica. (This is the first time the plant was imported into Canada for medicinal purposes.)(5:03)
Portugal and Australia will start exporting cannabis soon. (5:10)
45 countries have legalized medical and/or adult-use cannabis or decriminalized possession in some way. (7:01)
An investigative reporter is tracking investments in cannabis back to the Trump organization. (8:38)
Expos such as MJBizCon and business organizations like American Trade Association for Cannabis and Hemp show that the cannabis industry is growing at a rapid pace—and here to stay. (10:32)
PRO BUSINESS AND PRO CANNABIS?
Cannabis is indeed a lucrative business. Cannabis companies need to find ways to optimize profits with every yield. One way is by eliminating evaporation all along the supply chain. Cannabis is like any other organic material. After harvest, cannabis starts to deteriorate.
LOSS OF MOISTURE = LOSS OF $
Why? Flower is sold by weight. Cannabis that is cured, stored and packaged, between 55% and 65% RH retains its weight and potency. ASTM International standards specifically recommend using a salt-based humidity control sachet to control a target aW (relative humidity) of 0.55 to 0.65. Boveda is the only salt-based humidity control sachet.
Not only does it preserve flower, Boveda also eliminates the industry practice of overpacking to offset loss from evaporation.
In this robust green market, the price of flower will keep dropping. Cannabis companies that keep product fully hydrated will continue to earn the most money, pound per pound. Makes proper humidity control a draw to cannabis investors, yes?