CNBC’s The Profit to Feature 3 Leading Cannabis Companies

CNBC reality show The Profit will focus on the cannabis industry on August 8th, with host Marcus Lemonis taking a look at several companies in California as the station debuts “Marijuana Millions” at 10PM ET.  The show typically focuses on struggling companies, but that is certainly not the case here. A promotional video reveals three leading cannabis companies featured, including Canndescent, a premium grower based in Santa Barbara, Kiva Confections, a San Francisco based maker of edibles that is way ahead of peers with respect to microdosing, and MedMen, the Los Angeles-based consultant and operator of several cannabis projects in multiple states. CNBC’s timing is excellent given the recent implementation of legal sales for adults in Nevada and the pending implementations in California and Massachusetts next year.

Next on | The Profit: Marijuana Millions from CNBC.

Exclusive article by Alan Brochstein, CFA

ab-byline-ncvBased in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV.

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