A Marijuana CEO who doesn’t smoke!

❝ …Morning is a sacred time for the 46-year-old CEO, who has two rules for starting the day: Always eat breakfast. Don’t eat with anybody but your kids. Though abiding by rule No. 2 means eating alone, if he’s on the road—which is a lot these days, particularly since Kennedy’s company, Tilray, went public in July. In a couple of hours he’ll board his 135th flight of the year—a stat he can tell you because his assistant, knowing how he relishes data, sends him monthly analytics on his own travel (in 2018, he flew 23% more miles than he did the year before). At the moment, though, his 4-year-old daughter, in a pink tutu, is stirring the batter skeptically from her perch atop the kitchen island. “Papa, I think you forgot the flour,” she chides. Kennedy’s family moved into the new house a few weeks after Tilray went public, and he still struggles to find things in his own kitchen. He shrugs as he begins scrambling eggs and frying bacon in another pan: “My kids say pancakes are the only thing I’m good at.”

❝ Of course, his children are too young to know that what their dad is really good at is—at least for the moment—illegal in much of the U.S. and the world. Tilray sells cannabis, a.k.a. pot, weed, and more than 1,000 other colorful nicknames, for the medical-marijuana market and, more recently, the recreational one. It wears the crown as the hottest IPO of 2018, returning 315% for the year and valuing the Canada-based but American-run company at $9 billion today. The kids don’t know that the IPO—his daughter got to help ring the bell at the Nasdaq—made Kennedy not only a billionaire but the richest man in the legal marijuana business, and maybe the face of its future. Or that after pancakes today, he’ll shake hands with officials at Anheuser-Busch InBev, the behemoth behind Budweiser, to form a $100 million partnership aimed at creating a cannabis-infused substitute for beer.

RTFA. Enjoyable, worthwhile. I have a tiny portion of my retirement account invested in Canadian cannabis. Not Tilray; but, as you’ll learn from this article, they’re one of the best. And, sooner or later, the United States will be pressed into joining the 21st Century and the more advanced capitalist democracies.

10 thoughts on “A Marijuana CEO who doesn’t smoke!

  1. Whoa Nelly says:

    “A Modern Conundrum for the Pediatrician: The Safety of Breast Milk and the Cannabis-Using Mother” (Journal of the American Academy of Pediatrics Sept 2018) “For the first time in history, a majority of US citizens (61% in 2018) support full legalization of all cannabis-containing products. This support has increased despite accumulating scientific evidence that cannabinoids may have long-term detrimental physical, psychological, and developmental effects beyond their potential medicinal benefits. These negative effects are particularly concerning among those individuals who were exposed prenatally and those adolescents who report early onset of use and heavy regular use, when critical brain systems are undergoing active growth, development, and maturation.”

  2. Turn-On says:

    Harvard University research team reports in the journal Human Reproduction published Tuesday that men who had smoked one or two joints of marijuana at least once in their lifetimes had a sperm count and concentration that was significantly higher than that of people who had never smoked marijuana in their lives, which is generally a good thing for a man’s fertility. More intense marijuana users also appeared to have higher levels of the sex hormone testosterone as well. https://www.inverse.com/article/53055-marijuana-increased-sperm-count-in-harvard-study
    “Our findings were contrary to what we initially hypothesized,” said Feiby Nassan, Ph.D., the study’s lead author and research fellow at Harvard T.H. Chan School of Public Health. Previous research on marijuana smoking had suggested that doing so lowered sperm counts.

  3. Unforeseen consequences says:

    California’s black market for pot is stifling legal sales. Now the governor wants to step up enforcement (LA Times 2/18/19) https://www.latimes.com/politics/la-pol-ca-gavin-newsom-crackdown-pot-black-market-20190219-story.html
    A new report from the state Cannabis Advisory Committee on the first year of legal pot sales in California says there is problem that requires urgent action: “Fragmented and uncoordinated” enforcement has allowed the black market to flourish, threatening licensed business with unfair competition. (see https://www.bcc.ca.gov/about_us/documents/cac_annual_report_2018.pdf )
    “Lack of enforcement is creating a thriving environment for the unregulated ‘underground market,’ ” said the 22-member panel, which was appointed by former Gov. Jerry Brown.
    Last week, Newsom announced an expansion of efforts by the California National Guard to work with federal officials to target the black market, including illegal drug grows in Northern California operated by international drug cartels.
    “There are legitimate concerns in Northern California particularly as it relates to illegal cannabis grows. They are getting worse, not better,” Newsom said.
    The governor proposed that at least 150 California National Guard troops would be redeployed from the U.S.-Mexico border to join a federally funded Counterdrug Task Force. The new forces would focus on illicit cannabis activity in Northern California.

  4. Doc says:

    “Despite court order, still no clarity on medical cannabis plant count” http://nmpoliticalreport.com/2019/03/01/despite-court-order-still-no-clarity-on-medical-cannabis-plant-count/
    “New Mexico producers have debated for years whether 450 plants per producer is enough to support the tens of thousands of medical cannabis patients in New Mexico. But in 2017, when NM Political Report looked into how much cannabis was being transferred between producers, DOH declined to provide those records, despite state law that requires producers to meticulously keep track and report every gram of cannabis.
    The exact amount and frequency of wholesale transfers is unclear, but medical cannabis patients in rural areas say their local dispensaries often lack an adequate supply because a lot of the medicine is shipped to higher populated areas.”

  5. Reefer Madness says:

    “Foreign cartels embrace home-grown marijuana in pot-legal states : Foreign gangs are finding that black-market marijuana is profitable even in states that have legalized cannabis.” (NBC News, May 2018) https://www.nbcnews.com/news/us-news/foreign-cartels-embrace-home-grown-marijuana-pot-legal-states-n875666 HT Joe Monahan
    NM Senate Bill 323 (amends Section 30-31-23 NMSA 1978, within the Controlled Substances Act), short title: “Decrease Marijuana Penalties” https://www.nmlegis.gov/Sessions/19%20Regular/firs/SB0323.PDF

  6. Blaze says:

    “Daily Marijuana Use And Highly Potent Weed Linked To Psychosis” (NPR 3/19/19) https://www.npr.org/sections/health-shots/2019/03/19/704948217/daily-marijuana-use-and-highly-potent-weed-linked-to-psychosis “Several past studies have found that more frequent use of pot is associated with a higher risk of psychosis, that is, when someone loses touch with reality. Now a new study published Tuesday in the The Lancet Psychiatry shows that consuming pot on a daily basis and especially using high potency cannabis increases the odds of having a psychotic episode later.” See https://www.thelancet.com/journals/lanpsy/article/PIIS2215-0366(19)30048-3/fulltext
    Psychosis is an umbrella term; it means that an individual has sensory experiences of things that do not exist and/or beliefs with no basis in reality. During a psychotic episode, an individual may experience hallucinations and/or delusions.

  7. Drug Store says:

    Walgreens to sell CBD products in 1,500 stores https://www.cnbc.com/2019/03/27/walgreens-to-sell-cbd-products-in-some-stores.html Walgreens is hot on the heels of CVS, which recently added “CBD-containing topicals, including creams and salves, to stores in eight states. Thanks to a farm bill Congress passed last year, CBD derived from hemp is legal, even though “the FDA says companies still can’t add CBD to food or sell it as a dietary supplement.” https://www.fda.gov/NewsEvents/PublicHealthFocus/ucm421168.htm#dietary_supplements
    Image: https://www.peachridgeglass.com/wp-content/uploads/2014/04/PeoplesDrugStore5.jpg

  8. Buddy says:

    The Pot Stock Bubble Has Burst. Here’s Why (Bloomberg) https://www.bloomberg.com/news/articles/2019-11-16/cannabis-flameout-rivals-dot-com-bust-as-legal-fears-curb-growth
    In a matter of months, white-hot cannabis companies have flamed out in spectacular fashion. Many have lost two-thirds or more of their value.
    Widespread legalization has been thwarted. Bank financing has dried up. Deep-pocketed institutional investors remain on the sidelines and old-fashioned black-market dealers still provide stiff competition.
    The pain deepened on Thursday, when Ontario-based Canopy Growth Corp. announced revenue that fell short of the lowest Wall Street estimate and a loss that one analyst called “astounding.” That sent shares to the lowest since December 2017. It’s still the largest pot company in the world, but at C$7.1 billion its market value is just a sliver of the C$24 billion it reached in April.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.