Posts tagged with "recreational"

Cannabis illustration for 360 magazine

Kevin Durant Partners with WeedMaps

Weedmaps Announces Multi-Year Partnership with Kevin Durant, Thirty Five Ventures, and Boardroom

Partnership inclusive of collaborative content aimed to combat misconceptions around cannabis and advocate for legalization

Weedmaps, a leading technology platform for cannabis consumers and businesses, announced today a multi-year agreement with Kevin Durant and Thirty Five Ventures as well as a sponsorship deal with Boardroom. As part of Weedmaps’ mission to power a transparent and inclusive global cannabis economy, this strategic partnership will aim to further deconstruct the negative stereotypes associated with cannabis while elevating the conversation around the plant’s potential for athlete wellness and recovery.

Now more than ever, there is so much opportunity for growth in the cannabis industry as well as the removal of any remaining stigmas around its use, said Kevin Durant, two-time NBA champion and president of Thirty Five Ventures. As the technology leader in the industry, Weedmaps has consistently been at the forefront of change over the last decade. In partnering with Boardroom and Thirty Five Ventures, they’ve shown an even bigger commitment to innovation.

Weedmaps will become an official sponsor of Thirty Five Ventures’ sports business media network, Boardroom, as part of the agreement. Available today, the latest episode of Boardroom’s Out of Office podcast brings together Rich Kleiman, Kevin Durant, and Weedmaps CEO Chris Beals to discuss the potential for the strategic partnership’s long-term impact across the industry, as well as the many challenges ahead that we must address as the country moves closer toward legalization.

As the largest technology provider in the sector, we are serious about our responsibility to lead the national discussion around cannabis and the need for cannabis regulations to be updated across the board, said Chris Beals, Chief Executive Officer of Weedmaps. This partnership with Kevin Durant, Rich Kleiman, and the team at Thirty Five Ventures is a pivotal step forward in our ongoing efforts to break down stigmas surrounding cannabis, especially in the sports industry.

In addition to its sponsorship agreement, Boardroom will collaborate with Weedmaps to produce an original content series, which is tentatively slated for debut in 2022. The multi-year agreement also comprises ongoing integrations with Boardroom, including: Out of Office podcast, development and distribution of original content, co-branded collaborations and events, exclusive merchandise, and more.

Part of Weedmaps’ broader sports and wellness initiative, the company’s partnership with Thirty Five Ventures aims to further educate consumers about the plant’s potential for wellness and recovery. For information about how cannabis affects the body, cannabis products used by some of today’s biggest names in sports, and more, visit their website. Check out the latest episode of Boardroom’s Out of Office podcast here, and for more on Boardroom, visit the website.

About Weedmaps

Weedmaps is a leading online marketplace for cannabis users and businesses, operated by WM Technology, Inc. WM Technology, Inc.’s (Nasdaq: MAPS) mission is to power a transparent and inclusive global cannabis economy. Now in its second decade, WM Technology has been a driving force behind much of the legislative change we’ve seen in the past 10 years.

Founded in 2008, WM Technology is a leading technology and software infrastructure provider to the cannabis industry, comprising a B2C platform, Weedmaps, and B2B software, WM Business. The cloud-based SaaS solutions from WM Business provide an end-to-end operating system for cannabis retailers. WM Business’ tools support compliance with the complex, disparate, and constantly evolving regulations applicable to the cannabis industry. Through its website and mobile apps, WM Technology provides consumers with the latest information about cannabis retailers, brands, and products, facilitating product discovery and driving engagement with our retail and brand customers.

WM Technology holds a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. Since inception, WM Technology has worked tirelessly, not only to become the most comprehensive platform for consumers, but to build the software solutions that power businesses compliantly in the space, to advocate for legalization, social equity, and licensing in many jurisdictions, and to facilitate further learning through partnering with subject matter experts on providing detailed, accurate information about the plant.

Headquartered in Irvine, California, WM Technology supports remote work for all eligible employees. Visit Weedmaps here.

About Thirty Five Ventures

Co-founded by 2x NBA champion Kevin Durant and entrepreneur Rich Kleiman, Thirty Five Ventures includes the sports business media network Boardroom; an investment portfolio with over 70+ companies, including Acorns, Coinbase, Dutchie, Overtime, Dapper Labs/NBA Top Shot, Postmates, Goldin Auctions, and more; a film/TV arm with projects including the documentary series In the Water (SHOWTIME), the Academy Award-winning Two Distant Strangers (Netflix), and the upcoming scripted series SWAGGER (Apple); equity partnerships with premium audio brand Master & Dynamic and digital media network Just Women’s Sports; a minority stake in the Philadelphia Union; and management of Kevin Durant’s on-and-off court business

About Boardroom

Boardroom is a media network founded by Kevin Durant and Rich Kleiman that looks inside the business of sports as we’ve never seen. The old days of gate-keeping and closed-door meetings are gone: now, athletes, tech moguls, and executives alike are moving the sports world – and culture itself – forward. Boardroom is at the forefront of this change, bringing both fans and entrepreneurs unique perspectives on the sports business news, hot topics, and key industry players they want to know about. Boardroom is a Thirty Five Ventures company.

Marijuana illustration by Heather Skovlund for 360 Magazine

Cultural history of marijuana 

One of the most controversial and talked about topics over the course of recent human history has been marijuana and its consumption. It has been the topic of debate for a number of years now as it was always considered a drug that could be potentially dangerous to a person’s health, much like any chemical drug might do. 

All of this controversy led to the recreational use of marijuana being banned practically worldwide, and the medicinal use only available to those who were absolutely desperate for it. Today, many states in America have legalised both just the medicinal use and even the recreational use as well, making the market grow insanely and be massively successful. This has led to exciting new inventions for those with an interest in the marijuana culture, like vaporizers, electric grinders, or even electric dab rigs. While people may know these basic facts, they might not know the actual cultural history that comes surrounding marijuana, so if you want to learn more, here is some information about the cultural history of marijuana. 

Ancient times

Marijuana, also known as weed, cannabis, or pot, has an incredibly long history that could consider it to be an ancient drug. Most countries and cultures didn’t intend to grow the plant and make use of it in order to feel a high, but rather for medicinal purposes. It is said that it was most likely to have been discovered somewhere in Asia all the way around 500 BC. 

Earlier hemp plants are known to be native to Asia and are slightly different to the cannabis plants that we make use of today that have been specially grown with different strains to feel different and more intense highs. Typically, beyond its medicinal use, hemp fibre was used to make paper, clothes, and ropes and even provide food from the seeds. 

It has also been seen to have been used ceremonially with the graves of shamans in both Siberia and china having burned cannabis seeds in them, dating all the way back to 500BC

The 19th century

Moving forward with technology and research, in the early 1800s an Irish doctor who was studding in India discovered that marijuana extracts would help people with severe stomach pain and nausea who were likely suffering from cholera. Throughout the 1800s these extracts were sold by doctors and pharmacies all over Europe and the USA as treatment but there were problems that had been noticed. 

Through further research is was discovered that the source of the problems was THC, a chemical compound within the marijuana plant that has psychoactive properties. Before this discovery, marijuana was considered a miracle plant that as curing people of all sorts of ailments. 

The 20th century

Moving in to the 20th century, this is when things started going downhill for the marijuana industry with the Marijuana tax Act being imposed in 1937 as a way to heavily tax those who sell, are in possession, or use marijuana and ultimately ban the product. Later on in the 1900s there was a big stigma placed around the use of marijuana classifying it as a drug in the same category as that of heroine, LSD, and cocaine, all of which are chemical that can be harmful to the body. 

With every single part of the marijuana plant now being illegal, some people lost their means of natural medication and had to go through a lengthy process and fight in order to get the right to at least have marijuana for medicinal purposes. To this day, some places will still only allow people to buy marijuana from dedicated dispensaries and only if they have a medical marijuana card allowing them to do so. 

2021

2021 has seen the insane growth of the marijuana market practically worldwide. Today, there are states all over the US and countries around the world that have started to legalise the recreational use of marijuana. Now, because we are living in a time where technology is ever evolving and research is more easily done than ever, there are so many new and innovative ways to consume marijuana and so many different accessories available on the market for cannabis lovers to make use of and try out. 

There are many different methods of delivery from oral, to inhalation, to even topical. With all this, there are more and more health benefits being discovered almost daily making marijuana a great alternative to modern medicine and for those who would rather be using something more natural. 

Marijuana illustration by Heather Skovlund for 360 Magazine

Honest Marijuana Company

In the old days of illegal weed, the price you paid for your weekend toke depended mostly on who was selling it to you. These were behind-the-scenes transactions, with no recourse for a deal gone bad and no way to price compare with a competitor. You paid the price asked or you went without.

Now, as state legalization grows and the chatter about federal legalization becomes less talk and more reality, the game has changed forever for the buyer. So, it’s a good time to be clear on what you’re paying for before you go to your local cannabis boutique, or even the corner store, if you should be so lucky to have marijuana available for sale there!

First off, price comparing starts with quantity

If you want to look at what your weed is going to cost you, and even compare different strains, it’s best to pick a quantity. From state to state, the price of quantity X will vary, based on factors we’ll discuss later, but for now, it’s important to understand what quantities you can order in. 

The most common quantities you can buy cannabis in are a gram, eighth of an ounce, quarter of an ounce, half an ounce, and a full ounce. Notice how the common quantities mix metric and Imperial measuring units? A gram is 1/1000th of a kilogram and an ounce is 1/16th of a pound. Typically, you’ll find that dispensaries will use ounces for larger quantities, and grams for a smaller purchase.

What does a gram look like? It’s about the size of a bottle cap, which gives you a visual point of reference to figure out what you’re getting for what price. The average joint is about 0.7 grams of weed so a gram will give you about 1.5 joints. Here are the other measurements, to give you a rough idea of what you’re getting:

  • An eighth of an ounce (which is roughly 3.5 grams) will give you just about 5 joints.
  • A quarter of an ounce (7 grams) will net about 10 joints.
  • A half an ounce (14 grams) will give you about 20 joints.
  • A full ounce (28 grams) is just about equal to 40 joints.

From Alaska to West Virginia, that price per ounce of medium quality weed can run anywhere from $6 to $12.

Quality is the next factor

If you look at average prices of weed across the country, they’re pretty stable and typically refer to medium quality cannabis. When you want to compare a gram of cannabis from one shop to another, a major increase in price could be because of the quality of the product. 

For example, an organic and locally indoor grown variety might be more expensive than a mass produced, imported one. You really do have to compare apples to apples, if you want to be sure you’re getting the right picture.

Other factors that will influence the price of weed

Your state’s legal stance toward cannabis

If you live in a state where cannabis isn’t legal in any form, obviously you’re still operating in the old ways of quiet deals made with people who don’t really care to negotiate the prices they feel like charging. After all, they risk going to jail for providing you with your ‘chill’ so there’s a premium attached to that.

In the states that have legalized recreational marijuana (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, and Washington), you’ll find competition higher and prices that reflect that.

The remaining twenty-one states that have legalized medical marijuana require a doctor’s note to obtain it, which isn’t a particularly challenging hurdle in most places, so this doesn’t affect the prices too significantly.

One place where cannabis is particularly expensive? Washington D.C. Despite legalization of medical and recreational use, they didn’t legalize the purchase of cannabis. That little detail is reflected in prices that are almost twice the national average for legalized / decriminalized states!

The physical geography of where you live

Cannabis isn’t an overly fussy plant to cultivate but it does prefer warm, stable temperatures, averaging in the daytime around 80 degrees. Places that have daytime temperatures that run hotter than 88 degrees or colder than 60 degrees have a harder time growing—it’s a slower process—and can end up with plants that have lower THC content and therefore lower overall quality.

So, if you live in Alaska or New Hampshire, for example, your weed has most likely been brought in from elsewhere, which means added costs in transportation and labor, to package and ship.

How your weed is grown

How your preferred brand is grown makes a difference on quality. 

  • Are they grown outdoors where light, water, soil, and ambient daytime temperatures are all free for the asking and therefore don’t add to the cost of production? 
  • Are they grown indoors, where special electrical lighting, watering and feed systems, and climate control are all required and add to the cost of production? 

Outdoor grown weed can be lower quality in that there aren’t many ways to control Mother Nature. Being able to control elements through technology can yield a higher quality product. From pest and humidity control to very specific watering schedules, as well as the use of light waves to maximize growth and intensity, indoor growers have the keys to control quality in ways that outdoor growers really cannot.

Factor in also whether the grower is using organic production methods, as this will definitely yield a higher quality product. No toxins from pesticides means a cleaner experience for you.

Where you buy your marijuana

Are you buying from a boutique dispensary or a corner store? Are you buying from a chain of cannabis stores or from a one-man dealer? Which way you go will affect the price you pay.

Dispensaries have overhead and staff to pay, which adds to the cost. However, they also have guidelines to follow in terms of packaging and labeling, as well as a vested interest in pleasing their customer, so they’re a good bet. You will know exactly what you’re getting, including the sourcing, THC content, whether it’s organic or not and so on. If you buy from a dealer, who is claiming to sell high quality products, you have no guarantees whatsoever that they are telling the truth.

Competitors drive the price down

Supply and demand is an easy equation. If there are several dispensaries with similar offerings in your area, the price per gram will be lower than in an area with no competition for your one dispensary. There is less supply for potentially similar demand, which can easily affect the price. The key as a consumer is to know your average pricing so you can tell whether or not you are getting a good deal.

Taxation and legalization go hand in hand

The states that have legalized marijuana have also clued in that it is an important revenue source. Sales tax, if the state has one, is applied to cannabis too. The rate can be higher for weed than for other products, as it is in Colorado. They have a state sales tax rate of 2.9% but the rate for weed? 10%.

In addition to sales tax, legal sellers are faced with taxes in production, purchasing, packing and transportation, costs that are typically downloaded to the end consumer.

The timing of your purchases

Time of year can impact the price of weed. Like most cultivated crops, the largest amounts are harvested in and around the month of September. Result? The supply is up, and prices should go down a little. 

As legalization continues to expand, state to state and even federally, the pricing will become more standard and easier to predict. At that point, the quality of the weed will be the big differentiator and as the end consumer, that’s not a small factor to consider. Buy with care and enjoy yourself!

Bio:

Anthony Franciosi, also known as Ant, is an honest to goodness farmer whose fingers are as green as the organic cannabis he grows. He is the proud founder of Honest Marijuana– an all-natural, completely organic marijuana growery in Colorado.

Alejandra Villagra, CBD, 360 MAGAZINE

High Times × Trading Symbol

HIGH TIMES ANNOUNCES TRADING SYMBOL AHEAD OF PLANNED LISTING

Hightimes Holding Corp., the owner of High Times®, the most well-known brand in cannabis, has announced that it has been approved for trading and has received its ticker symbol from FINRA. Upon completion of certain regulatory formalities, Hightimes will trade under the symbol “HTHC.”

The company, which is presently conducting a Reg A+ IPO, has garnered over $20,000,000 in investments from more than 25,000 shareholders. The High Times organization believes the ticker HTHC, an acronym for Hightimes Holding Corp., best identifies the company’s next chapter. The company polled its investors to decide the company’s ticker, receiving over 82% in support of the HTHC symbol.

“We’re extremely excited to shortly complete our Regulation A + process and commence trading – this approval for trading has been a long time coming! The support from our shareholders has been overwhelming, and this was really a decision which we sought input from our over 25,000 investors,” said Adam Levin, Hightimes Holding Corp.’s Executive Chairman. “We have an incredible community of investors who are actively engaging with our brand, and our community is growing by the day!”

“What better way to enter the public markets than crowdsourcing our ticker? This was truly a community decision. We wanted to open this up to our shareholders as this will be a symbol that defines us all for years to come,” Hightimes Chief Executive Officer Stormy Simon noted. ”

Mr. Levin continued, ”We believe that the Hightimes Regulation A+ investment campaign has proven to be one of the most successful offerings of its type – across any industry.”

This marks the last opportunity to become a shareholder ahead of the company’s listing on the public markets.

Interested investors are encouraged to visit hightimesinvestor.com to view the High Times offering circular. You can also email investor@hightimes.com or call 1 (833) BUY-HTHC (833-289-4842). View our latest Regulation A+ offering circular and our SEC filings HERE and HERE.

About High Times
For more than 45 years, High Times has been the world’s most well-known cannabis brand – championing the lifestyle and educating the masses on the benefits of this natural flower. From humble beginnings as a counterculture lifestyle publication, High Times is evolving into a cannabis retailer, hosting industry-leading events like the Cannabis Cup and the High Times Business Summit, while providing digital TV and social networks, globally distributed merchandise, international licensing deals and providing content for its millions of fans and supporters across the globe. In the world of Cannabis, High Times is the arbiter of quality. For more information on High Times visit hightimes.com

HIGH TIMES SOCIAL MEDIA:
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Unisex Gift Guide

Lowell Herb Co.

Thanks to the advice of California’s trusted budtenders, Lowell Herb Co. has launched our brand new pre-rolls that offer seven different strains in one entirely fresh – literally – pack. Curated for the unfamiliar, each .5g smoke provides a novel experience that allows you to become acquainted with the strains’ individual characteristics and your body’s personal response. Beyond the fun of taste-testing, the Variety Pack helps you better understand your preferences and relationship with cannabis strains.

These hand-rolled and packed smokes are donned with unique symbols on each tip to differentiate the offered body and mind states. The corresponding descriptions on the back provide a reference point for desired effect before enjoying. As always, the Variety Pack flower is 100% organically-grown, cultivated in greenhouses and triple-lab tested. Packaged in a portable yet sophisticated design, our pre-roll packs are ideal for wherever the day or week will take you.

Warriors and Scholars

With their moisture-wicking technology, these briefs absorb and wick away sweat to keep men feeling great all day long. Featuring a durable stretch fabric, these briefs are soft on the inside and strong on the outside — just like a warrior — just like him.

Warriors & Scholars strive to include the following principles in every item they design:

Impeccable fit – All W&S pieces have a tailored fit so that you’re not swimming in your clothes or restricting your movement

High Quality – W&S extensively vets all of their factories, so not only are the shirts made with the highest quality fabrics, but they are made with higher levels of manufacturing standards

Comfort – At W&S we believe – comfort is key. Why should anyone ever put on article of clothing that is not comfortable?

Style – Trust is important to us. And trust us – you will look good in W&S