Andrew Laub

Cooling Inflation And The Marijuana Consumer

Published

1 year ago

August 10, 2023

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Inflation has been the talk in homes for over a year. Eggs, meat, gas, lettuce, airline tickets and butter are just some of things things soaring. The price of a meal at elementary and secondary schools spiked the most in 2022, by a whopping 305%. The war in Ukraine, the upending of workers and supply chain issues and strikes all contributed. How is a person supposed to manage? And what about cooling inflation and the marijuana consumer? There is some good news for fans and for medical marijuana patients.

The beverage alcohol is generally considered recession-proof. But in this recent bout of inflation, the price of beer consumed at home has increased much more quickly than the price of distilled spirits. Both are up, but beer prices are up far more.

marijuana money — Photo by Cappi Thompson/Getty Images

“Inflation has exerted a substantial impact on the legal cannabis industry, amplifying the expenses associated with cultivating, manufacturing, and retailing cannabis products. This surge in costs has further diluted the already slim profit margins for many legal cannabis businesses.” shares Roy Bingham, Co-founder and CEO, BDSA.

“Nevertheless, a fascinating counterbalance to this has emerged in the form of significant price compression observed within legal cannabis markets since late 2021. As a result, consumers have been witnessing a notable decline in the price of cannabis purchased at dispensaries.” continues Bingham.

Remarkably, between Q3 2021 and Q1 2023, BDSA’s analysis reveals a staggering 30.5% reduction in the equivalent average retail price of cannabis. Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts. Missouri, Nevada, Oregon and Pennsylvania all had price drops!

“Historically in times of high inflation, Americans will cut back on non essential luxuries, yet will still set aside spending for requisite indulgences. For example, a wine drinker will continue to drink wine, they might drink more at home than at a restaurant or when out will order a less expensive brand. Cannabis has been following the same trend. It is also promising to notice that data on the industry as a whole has shown that in this time the number of marijuana consumers continues to grow, which for the market is a extremely eouncouraging” stated Andrew Laub, managing partner of Keneh Ventures

New York is in their own category since they have over 1,500 unlicensed dispensaries operating not sharing information. Word is they are also doing a significant uncharge from legal states and locals and tourists alike are paying the premium.

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3 Wise Men

Three Wise Men Give Marijuana Strain Gift Suggestions

Published

2 days ago

December 20, 2024

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It has become a popular gift with over 20% of the population putting it under the train. So we asked 3 wise man what to give (or consume) during the season.

The holiday season is a special time of year with a combination of Christmas, Hannakuh, and more are the modern hoildays descended from pagan holidays. Food, celebrations, gifts and a hint of something magical are all part of the holidays. With Christmas, the three wise men bring gifts to the baby Jesus being steered by a star. As we head into the last part of the season, why not think of the perfect gift to give or for yourself. We have three wise men give marijuana strain gift suggestions to share with our readers.

Terran Cooper, one of the rising stars of the industry and a part of the firm Falcon Rappaport & Berman who works in the cannabis industry. New York based, he says while there are several great strains, he has two to share for the holiday season.

One of my favorite day time strains, Pineapple Express has skyrocketed in popularity following the 2008 film by the same name. This strain is one of the more energetic strains that I’ve come across, allowing for a nice balance between productivity and relaxation this holiday season. Its joyful and uplifting effects may pair nicely with last minute holiday tasks in addition to any festivities. Though infrequent consumers beware – its relatively high THC content means that a little can go a long way.

Beautifully wrapped Christmas gifts under a festive tree with glowing lights.

Andrew Laub, managing partner of Keneh Ventures and CEO of Cannabition, is a leader in the industry and shared his favorites. Golden Goat is my secret to finding joy in any moment, especially during the holiday season. Its tropical, citrusy flavor is bright and uplifting, just like its effects. I love how it gives me an energized, creative boost without feeling overwhelming, making it perfect for everything from decorating the house to hosting friends. It’s my reminder to savor the fun and chaos of the holidays.

Granddaddy Purple is like my personal escape when the holiday rush gets overwhelming. I love its rich, grape-like flavor and how it helps me unwind at the end of a busy day. Whether I’m binge-watching holiday movies or enjoying quiet time by the fireplace, this strain makes everything feel a little cozier and more magical.

Sour Diesel is my motivation when there’s too much to do and not enough time. Its energizing, citrusy aroma wakes me up, and its focus-boosting effects help me tackle long to-do lists with ease. I love using it to power through holiday prep, whether I’m wrapping gifts, planning meals, or brainstorming creative ways to make the season special.

Online cannabis influencer Miguel a.k.a Miggy420 (@miggy420) believes consumption of cannabis is a personal experience with everyone being different. He sees the endocannabinoid system as unique as snowflakes in winter. Some smoke to wash away ills, others to wash away the ills of society. He shared his two favorites.

Vin Diesel Diesel is a sativa grown by Dewey’s Cultivars. Her beauty matches her taste with gassy hits reminiscent of early 2000 diesel strains I would buy in the traditional market. These growers come with a biochemical background and it shows with this plant, pure bliss – and this is coming from someone who prefers indicas.

If you’re looking for something post family events i.e you just realized the debt you incurred for the little ones or you’re just happy your conspiracy Uncle is gone, I recommend Gelato Cake by Agro Couture. This indica dominant hybrid will have your mind drifting away and able to focus on what it is you really wanted to do, hot box your bedroom and binge watch YouTube.

Enjoy these suggestions and may everyone have a great holiday season.

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Andrew Laub

Las Vegas’s Sphere Gets A Weed Themed Competitor

Published

1 year ago

October 20, 2023

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Vegas has a history of over the top attractions delighting and engaging the millions of tourists. From stars like Elvis and Celine to the Chihuly ceiling to the the highest roller coaster in the world, the city constantly thinks of ways of engaging the daily throng of visitors. The latest, The Sphere, is the VERY expensive world’s largest spherical structure and concert venue. The $2 billion globe is kicking it off with U2 in residence. Every night is an incredible visual as the sphere is also a giant screen with a variety of innovative imagines.

But hot on the heels on the Sphere is Cannabition, a state of the art cannabis immersive experience opening next to Planet 13. With 90% of the country open to some form of legal cannabis, this should turn out to be a key attraction – like Kentucky and their bourbon! The 12,000 square-foot cannabis immersive experience has engaged creators to make the experience incredible with or without a little extra (wink wink).

But the founders aren’t stopping there.

The immersive experience just made a significant partnership announcement. Cannabition is welcoming legendary founding figure of outlaw country, Mr. Willie Nelson and his celebrated brand, Willie’s Reserve. The teams are putting their heads together to assure guests a “stoned-cold good time!”

Nelson, an icon of music and marijuana, has spent 7 decades changing the way people look at cannabis and has been a champion of legalization.

His team shared, “with our new partnership in Cannabition, Willie’s Reserve is looking ahead with anticipation for a chance to bring Willie Nelson’s dream for legal weed to a new immersive experience in legendary Las Vegas. Now that’s entertainment!”

Vegas in 2022, had 38.8 million visitors. Sin City ranks fifth worldwide in terms of worldwide tourism-related, and first in the US. In 2015, 84% of visitors to came from within the US.

Managing Partner Pamela Hart, states “From inception to buildout our partners, sponsors, and creative teams are launching an over the top Vegas immersive experience and a must add to everyone’s visit”.

Also joining the Cannabition team is LP Exotics. Founded by Marianna Arakelyan, who comes from the healthcare industry, Marianna has been at the forefront of pioneering life-enhancing programs across the Western United States.

Managing Parnter Andrew Laub shares, “Marianna Arakelyan has taken her expertise and passion to create opulent, tailor-made products to delight consumers. The company and Arakelyan’s innovative and meticulous approach will be another asset to delight for the visitors.”

Michael Stratton, the general manager, brings a wealth of entertainment and hospitality knowledge. Most recently, Michael was the General Manager and Director of A&R for the iconic indie record label Bong Load Records, where he managed specialty releases by artists like The Killers, Beck, Elliott Smith and James Blunt, among others. He is also major label recording artist himself, a 35-year Las Vegas resident and has lifetime of music industry and operations experience.

Board Member Alex Brough believes Vegas will be home to the premier cannabis attraction and will add to the list of unique opportunities for tourists like Meow Wolf, the Mob Museum, and the extraordinary culinary scene.

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Andrew Laub

Las Vegas’s Sphere Gets A Weed Competitor

Published

1 year ago

October 20, 2023

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But the founders aren’t stopping there.

Nelson, an icon of music and marijuana, has spent 7 decades changing the way people look at cannabis and has been a champion of legalization.

Vegas in 2022, had 38.8 million visitors. Sin City ranks fifth worldwide in terms of worldwide tourism-related, and first in the US. In 2015, 84% of visitors to came from within the US.

Michael Stratton, the general manager, brings a wealth of entertainment and hospitality knowledge. Most recently, Michael was the General Manager and Director of A&R for the iconic indie record label Bong Load Records, where he managed specialty releases by artists like The Killers, Beck, Elliott Smith and James Blunt, among other. His is also major label recording artist himself, a 35-year Las Vegas resident and has lifetime of music industry and operations experience.

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