Welcome to Cultivated, our weekly newsletter where we’re bringing you a within look at the offers, patterns, and characters driving the multibillion-dollar international cannabis boom.
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Delighted Friday everyone,
We’ve got another quick edition this week as we prep for a slew of marijuana profits next week.
Beyond that, we have actually got a few more excellent stories in the hopper, so keep an eye out for those.
– Jeremy
Here’s what we wrote about this week:
Barbara Goodstein, the creator of CBD start-up B Great, shared the pitch deck she’s utilizing to raise $2.5 million.
She’s closed on $1.5 million in equity financing currently, and she’s seeking to raise another $1 million in convertible notes. She told Business Expert she’s brought in $450,000 of that already.
Check out the deck here
In a new letter, American Heart Association physicians encouraged versus smoking and vaping cannabis because it could contribute to heart-health issues like heart palpitations and cardiovascular disease.
The medical professionals stated current cannabis users should prevent black-market products and consider utilizing edible or topical cannabis products since they’re less likely to trigger heart damage.
Some hyped-up business demonstrate a potential for development, however remain unprofitable, whereas other hyped-up business belong to industries that investors normally prevent, like gaming.
But hype is actually a powerful innovative force in the longer arc of tech innovation, says one VC, and funding hyped-up ideas can draw in fresh talent and lead to more development.
What we’re checking out
Green rush: The extraordinary increase and collapse of LA’s genius fund, an $164 M cannabis startup(dot.LA)
Marijuana, lies and foreign cash: A mom and child’s journey through the underground mask trade(ProPublica)
The pandemic is eating away at the illicit cannabis market(Politico)
India has the world’s greatest marijuana market that doesn’t exist yet(Quartz)
My mother privately made pot Brownies for AIDS clients and it altered my life(Huffpost)