CULTIVATED: CBD pitch deck– Marijuana and heart health– SPAC hype

Welcome to Cultivated, our weekly newsletter where we’re bringing you an inside look at the offers, trends, and characters driving the multibillion-dollar worldwide marijuana boom.

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Pleased Friday everybody,

We have actually got another fast edition this week as we prep for a slew of cannabis revenues next week.

Beyond that, we have actually got a few more terrific stories in the hopper, so keep an eye out for those.

– Jeremy

Here’s what we blogged about today:

We got an exclusive look at the discussion that wellness startup B Great is utilizing to raise $2.5 million to ferret out the $2 billion CBD market

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 funding already, and she’s looking to raise another $1 million in convertible notes.

Cigarette smoking or vaping cannabis might activate heart attacks and palpitations

In a brand-new letter, American Heart Association physicians encouraged against smoking and vaping cannabis since it could contribute to heart-health issues like heart palpitations and heart attacks.

The medical professionals said existing marijuana users should prevent black-market products and consider using edible or topical cannabis products due to the fact that they’re less likely to trigger heart damage.

Marijuana, space travel, and electrical automobiles: These far-out fields championed by SPACs might trigger the power of hype to spur brand-new ages of development, one VC says

SPACs are on the rise, and they have actually developed an interest in “hype” sectors: marijuana, space travel, electric cars and trucks, and sports gaming.

Some hyped-up business show a capacity for growth, however remain unprofitable, whereas other hyped-up business come from markets that investors usually avoid, like gaming.

However hype is actually a powerful imaginative force in the longer arc of tech development, states one VC, and financing hyped-up ideas can attract fresh skill and result in further development.

Executive moves

  • TerrAscend has appointed Jason Marks as chief legal officer. Marks joins the business after working as the general counsel of InflaRx N.V., a biotech company. TerrAscend also reported earnings on Thursday

Offers and launches

  • Fintech startup Spence Labs launched Spence, a cashless payment app for marijuana dispensaries. The app lets clients spend for cannabis through their cellphones, and will be presented in all Pharmacann dispensaries in the coming months.
  • Colorado CBD and hemp processor Mile High Labs closed a Series B funding round, led by billionaire Paul Mitchell and Patron founder John Paul DeJoria. Financial terms of the rounds were not divulged.
  • WeedMD is partnering with Mary’s Medicinals to distribute Mary’s Medicinals items in Canada

What we’re reading

Green rush: The incredible rise and collapse of LA’s genius fund, an $164 M cannabis start-up(dot.LA)

Cannabis, lies and foreign money: A mom and daughter’s journey through the underground mask trade(ProPublica)

The pandemic is gnawing at the illicit cannabis market(Politico)

India has the world’s most significant marijuana industry that doesn’t exist yet(Quartz)

My mother privately made pot Brownies for AIDS patients and it altered my life(Huffpost)

Something is packing.

Find out more