Overtoke TV News for 10-09-2018

Marijuana-logues – 06.If Pot Could Talk

Tesla shares reel as executives quit and CEO smokes pot on webcast

Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behaviour and executive departures that have stunned investors. Shares of the electric carmaker tumbled more than 6 percent on Friday to $263.24, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal. Chief Accounting Officer Dave Morton resigned after just one month in the job because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday. Later on Friday, Tesla named a new president of automotive operations, promoting eight-year Tesla employee and former Daimler truck exec Jerome Guillen into the role overseeing all automotive operations and reporting to Musk.That move, described in a company blog with several other promotions as a result of board and management discussions, gives Musk a seasoned auto industry veteran to lean on at a time when some investors have called for a new chief operating officer. Shares barely moved after hours, when the promotions were announced. 

Morton and Toledano, whose departures come shortly after the U.S. Securities and Exchange Commission opened an inquiry into Musk’s aborted privatisation plan, join dozens of senior executives who have left Tesla. Late on Thursday, Musk was filmed drinking whiskey, briefly smoking marijuana and wielding a Samurai sword during a 2-1/2-hour live Web show with comedian Joe Rogan that swiftly spread across social media. Analysts on Friday reiterated their call for Tesla to bring in another senior leader. SOBERING EFFECT ON INVESTORS.Tesla’s $1.8 billion junk bond maturing in August 2025 plunged as much as 4 cents on the dollar to below 82 cents, a record low, in Friday trading, pushing the yield above 8.8 percent. 

Coupled with an upfront cost of 21 percent of insured value, it now costs an investor around $280,000 to insure $1 million of Tesla debt for a year. With Tesla’s stock falling to its lowest level since April, short sellers added 810,000 shares to their positions, bringing the total as of Thursday to about 32.6 million shares, according to S3 Partners, a financial technology and analytics firm. Tesla has told investors it expects to turn a profit in the second half of this year, a forecast the company’s head of investor relations, Martin Viecha, reiterated at a conference earlier this week sponsored by RBC Capital Markets, RBC analyst Joseph Spak wrote in a note on Thursday. 

Keywords: [“Tesla”,”Musk”,”investor”]
Source: https://www.yahoo.com/news/teslas-musk-smokes-marijuana-comedy-podcast-112350685–finance.html

7 Comedians Who Enjoy Marijuana

Although weed can definitely highlight what’s weird about your surrounding or amplify already-comedic situations, it can’t instill a fully-developed sense of humor. Doug Benson’s comedy career revolves almost entirely around his love of cannabis. Benson created the 2008 documentary Super High Me, a druggy take on Morgan Spurlock’s McDonald’s exposé Super Size Me, in which Benson smokes weed in huge quantities every day for a month. Like a trippy version of Mike Nichols and Elaine May, collaborators Kate Berlant and John Early showcase a weird brand of character-based comedy in seemingly improvised skits like Family Dinner and Reunion. Berlant and Early’s deadpan comedy is deeply rooted in the same pseudo-intellectual and fame-obsessed millennial culture that it satirizes, making for an especially meta comedy experience. 

Each of the two wrote and starred in full episodes of the 2016 Netflix original comedy The Characters – Early’s episode totally nails some cringe-worthy identities like a self-absorbed yuppie party host and a sassy but depressed Christian comedienne. Dave Chappelle staked a claim to stoner fandom early on in his career, having written, produced, and starred in the 1998 cannabis classic Half Baked. Chappelle briefly bowed out of the spotlight after Chappelle’s Show was canceled in 2006 and now lives a low-key life with his family in suburban Ohio. A recent GQ interview with Chappelle yields some other great nuggets: he may have bought weed from Idris Elba back in the day, and once requested permission to smoke weed onstage from crack-smoking Toronto mayor Rob Ford. Jason Segel doesn’t just play a cannabis enthusiast on TV. 

He’s well known for his love of weed, and has made a name for himself as a leading man in comedies like Forgetting Sarah Marshall and Jeff, Who Lives At Home, blending bumbling antics with undeniable sincerity. George Carlin is one of the first and arguably best full-fledged observational comedians. Carlin’s countercultural humor was at least partially fueled by cannabis: in a retrospective interview with Jon Stewart, he claimed to. 

Keywords: [“comedy”,”weed”,”smoke”]
Source: https://www.wikileaf.com/thestash/7-comedians-who-enjoy-marijuana/

Rick and Morty’s Cannabis Subculture Warps Into Los Angeles

Trip out and chill in the Meatwad 4D Dome, or dive into a virtual-reality experience inspired by Dream Corp LLC, the Adult Swim show set in a sketchy dream-therapy facility. At 9 p.m. on Sunday, October 7th, Rick and Morty get a live showcase as composer Ryan Elder leads a 37-piece orchestra through musical highlights from the show in a Musical Ricksperience. As we prepare to run around at the Adult Swim Festival, we asked ourselves: why is there such a solid Rick and Morty. Just as cannabis helps connect us to the present moment, and enjoy things as they unfold, Rick and Morty deems friends, family, and doing what we love much more important than unanswerable questions about why we’re here in the first place. 

Take the McDonald’s Szechuan sauce debacle, for instance. Twitter had a meltdown, and everyone had a good time making fun of Rick and Morty. Fan art is one of the most wonderful interpretative things in the world, and the weed-loving creatives who watch Rick and Morty have left no artistic pickle unjarred. To the fan art pot-culture pantheon with his collection of joints in the shape of Rick, Morty, and iconic characters Mr. Meeseeks and Mr. 

Poopybutthole. To pairing a different strain of cannabis with each episode of the show. If you think your love of a TV show makes you better or smarter than other people, you should smoke a joint, and think about how you’re missing the point. Tickets to the Adult Swim Festival Oct. 5-7 are available here. The festival does not permit medical or recreational cannabis onsite. 

Keywords: [“Rick”,”Morty”,”show”]
Source: https://www.leafly.com/news/lifestyle/rick-and-morty-weed-subculture-warps-los-angeles

Overtoke TV News for 06-18-2018

Marijuana bud smoking comedy show Ep19Pt1of3

New Jersey’s Path to Marijuana Legalization

New Jersey’s newly elected Democratic Gov. Phil Murphy touted the economic and social-justice benefits of legalizing cannabis during his campaign last year. While Assemblymember Reed Gusciora’s measure would allow home cultivation, state Sen. Nicholas Scutari’s wouldn’t. In one of his first moves in office, Gov. 

Murphy ordered a study of expanding the state’s largely ineffective medical-marijuana program, which should be completed by March. Legal recreational cannabis will most likely not be on store shelves in the Garden State until 2020. The anti-pot group New Jersey Responsible Approaches to Marijuana Policy praised the move. To answer questions from influential politicians such as state Sen. Ron Rice, the NJCA has set up a meeting in Trenton on February 24 with CNN chief medical correspondent Sanjay Gupta, the American Civil Liberties Union, a retired Drug Enforcement Administration agent and others. 

On Feb. 7, Gov. Murphy and other New Jersey lawmakers went on a fact-finding trip to Las Vegas to study Nevada’s cannabis laws. Rudder cites research that show a 25% drop in opioid overdoses and reduced alcohol use in states with legal cannabis. To win licenses, cannabis businesses will be required to reveal their founders’ tax returns and show employee manuals, business and quality-assurance plans, accounting procedures, and security and badge systems to limit employees’ access to cannabis. Despite these challenges, the state’s cannabis supporters sense positive change is ahead. 

Heather Kumer, a law associate at Connell Foley, said reform has been on her radar since she joined Students for a Sensible Drug Policy in 2004 when she was in college and asked Democratic presidential candidate John Kerry a question about legalization. David Lande, a Democrat who lost in his attempt to win a state Senate seat in central Jersey last November, now wants to get into the extraction side of the business. He’s not sure how long it will take to win over reluctant state officials. 

Keywords: [“state”,”cannabis”,”Jersey”]
Source: https://www.freedomleaf.com/new-jersey-marijuana-legalization

‘Sparse’ marijuana market expected

The CCC on Tuesday approved another 16 economic empowerment applicants and two registered marijuana dispensary companies to have their license applications reviewed on an expedited basis. Even as the CCC announced that 25 prospective marijuana businesses have submitted a license application, Chairman Steven Hoffman said municipal roadblocks and issues around ensuring a supply of marijuana could limit the initial size of the industry. Before the CCC will approve a license, the applicant must demonstrate that they have held a community meeting and executed a host community agreement with the city or town. Many towns across the state have imposed moratoria or bans on retail marijuana shops, further complicating things as businesses try to get off the ground. Before any business can open, it needs to secure a supply of marijuana to sell. 

Only RMDs are allowed to grow marijuana commercially and new licenses for cultivation will not be approved by the CCC until at least June 1. The Boston Globe reported in March that at least 189 of the 351 municipalities have banned retail marijuana stores and most have also imposed restrictions on other marijuana businesses. The CCC approved another 18 applicants for its priority license application review program, bringing the total number of applicants who can skip to the front of the line when the CCC begins reviewing license applications to 148 – 79 RMDs and 69 economic empowerment applicants. Those approved for priority review can submit their license application at any time, regardless of which type of license they are seeking. The CCC began on Tuesday accepting license applications from anyone interested in licenses for cultivation, craft marijuana cooperatives, microbusinesses, transporters and independent testing labs. 

Marijuana retailers and product manufacturers that have not been approved for priority review will be able to apply for licenses beginning June 1. The CCC cannot legally issue a license until June 1 and expects legal sales to begin July 1. 

Keywords: [“license”,”marijuana”,”CCC”]
Source: http://www.sentinelandenterprise.com/news/ci_31848275/sparse-marijuana…

Big-name investors pour millions into marijuana

Wealthy investors are pouring tens of millions into the cannabis industry in a bid to capitalize on the gold rush that’s expected when California legalizes recreational marijuana on Jan. 1. In the first public endorsement of the industry from a major biotech investor, Thiel’s Founders Fund has sent millions to Privateer Holdings, a Seattle private equity firm that backs research into medical marijuana products, among other cannabis-related ventures. Experts say the market for marijuana and related products in California will reach $6.5 billion in 2020, and likely spark legalization efforts elsewhere. Given that most states have already legalized cannabis for medical use, and seven states plus the District of Columbia allow recreational use, most investors think that federal officials eventually will relent and regulate marijuana more like alcohol. Los Angeles-based private equity firm MedMen has raised about $80 million for cannabis projects in the last year. 

Nearly half of all investments into cannabis companies nationally come from California, according to the finance-tracking firm Pitchbook. That’s no surprise to Ben Larson, founder of Gateway, a cannabis business incubator in Oakland. Arcview has helped about 600 wealthy individuals invest more than $131 million in cannabis companies since 2010. It would circumvent federal strictures that prevent cannabis businesses from securing traditional loans – and if it works, could open the floodgates of investment. His investments have included vaporizer companies and Meadow, a website and delivery service that helps customers compare marijuana products. 

Even Dora, Paxhia’s rescue dog, has joined the revolution: Pet pot nibbles from Oakland-based Treatibles – dosed with CBD, a chemical in cannabis that is not intoxicating – help her chill out, quelling anxiety that led to late-night barking, he said. As with medical marijuana for humans, the FDA has not approved any form of cannabis for pets. 

Keywords: [“cannabis”,”marijuana”,”investor”]
Source: https://www.statnews.com/2017/08/28/marijuana-industry-investment