Brochstein: Marijuana Rapidly Developing Into A Real Industry

Benzinga caught up with Alan Brochstein, founder of 420 Investor, at the Cannabis Business Summit in Denver on Tuesday. And we asked him his thoughts on a variety of issues.

Your overall impression of the summit here in Denver?

This is their first national convention, and it really says a lot for the industry.

This follows the ArcView meeting. And the ArcView meeting yesterday was the most highly-attended event that they've had. This event is the largest cannabis event yet, in terms of (being) focused on the industry and not on the consumer side. And there's going to be Marketfy's Weedstock next week. So that's three straight events in a row.

And in November, in Las Vegas, is going to be the largest cannabusiness conference ever, 1,500 people they're expecting.

So what does this say to you about the marijuana industry?<

The industry in general is very real. We've reached a tipping point. As I speak to people, I try to find out where exactly are they. And a lot of people are just getting introduced to this. So on a number of fronts, this is very encouraging. If you look around there are very legitimate businesses here.

These are people who, they might have had some cannabis experience in their past – which obviously's been from an illegal world. But many of people here joined the industry more recently; they're working with those types of people, building upon their knowledge base, trying to take this industry to a much higher level.

Related: Creative Edge To Discuss Canadian Marijuana Industry At WeedStock Conference

As far as the public stocks, this conference doesn't feature that many public companies, that's one of the things that I'm upset about. Weedstock (will be) a little more focused on the public companies. But the ones that are here, Surna SRNA CannLabs SDSPD, there are a handful of other ones. But those two in particular stand out, because they're what I call the second wave.

In 2009 were the first marijuana stocks; four companies that haven't done anything in that time. Most of them are still on the pink sheets or they're serially diluting with no revenues; they're not real businesses yet, maybe they will be.

Here, we're starting to see real businesses, with people who have very successful backgrounds, they have cash flow, so it's really exciting.

The problem with the pubic markets is that I'm tracking about 200 companies and I think about 80 percent of them will never amount to anything – and that's saying it nicely.

We just walked out of the summit's penny stock breakaway session, and the panelists there sounded very cautious. Where does the industry go next?

At 420 Investor, we're working on raising the transparency bar, that's going to be a big part of the Weedstock theme. We all know the public companies are littered with a lot of pink sheet scams – we're aware of that, we know what to look out for. When the companies are legitimate, the valuations tend to be very high. This really reflects that a lot of people want to invest, and there's just not that many opportunities.

The prices of most marijuana stocks, like the ones I've mentioned, that aren't even real businesses, they've gone up over the last four years. Unless you came in after the year started, at the peak, most people have made money in these stocks. So the idea of being burned depends on your time frame. But the reality is, the industry...I see it improving. That's one of the things we try and do at 420 investor, is to get these CEOs to be more transparent, and to be more open and shareholder-friendly.

The 420 Investor community, many of them never understood these concepts; a lot of them are kind of new to investing and didn't even really understand that shareholders can have a voice. We're now at the point, as a community, where our members reach out to companies and say, 'you need to improve the way you're doing things,' and we're seeing some examples of it.

Next article: What went on with the SEC, what will keep that from happening again – and will the Fed eventually fly the white flag when it comes to keeping marijuana illegal?

Posted In: 420 investorAlan Brochsteincannabismarijuanamarijuana reformmarijuana stocksMarketfyWeedStockAnalyst ColorNewsPoliticsEventsInterviewGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral