Dan Bilzerian Exits The Marijuana Business Pivots To Tobacco Plans скачать в хорошем качестве

Dan Bilzerian Exits The Marijuana Business Pivots To Tobacco Plans

The saga of Ignite, Instagram celebrity-turned conservative culture warrior Dan Bilzerian’s marijuana-adjacent lifestyle brand, took a few unexpected turns in 2021. A year removed from 2020—a rollercoaster year in which Ignite posted a $50 million loss, ventured into the legal adult-use cannabis market in Canada, and scored $1 million in free money from the federal government’s Payment Protection Plan—Ignite is now out of the marijuana game, as the company announced last month. That may come as a surprise, given how the COVID-19 pandemic generated a cash windfall for nearly every other cannabis business (and given how all-in on weed Bilzerian and Ignite behaved in 2019, when “titillating” billboards advertising Ignite-branded cannabis—in the style of a typical Maxim cologne ad—appeared all over Los Angeles). In this, Dan Bilzerian is a relatable guy. Most legal cannabis businesses say they’re struggling. Less relatable are Bilzerian’s popular following on social media and his global reach. Armed with this, he’s still planning on a billion-dollar exit from Ignite, shares in which were trading for about a dollar on Thursday. To do this, as he told an interviewer recently, he’s planning a return to the classics. These days, Bilzerian is deep into nicotine vaporizers, and banking on the hope that a big tobacco company will want to slap down ten figures for his inimitable branding. A few weeks after announcing he was through selling cannabis in Canada—blaming excess government regulation—Bilzerian sat down for an interview at his home in Las Vegas with Graham Bensinger. Sticking to the familiar Dan script, Bilzerian played all the hits—the paintball field, the batting cage, the basketball court, the trust-fall setup, the cars, the dab rigs, the models just hanging around—before sitting down to talk business.“Initially, I wanted to do a dispensary,” he said. “And I wanted to have like hot girls work at the dispensary. I wanted it to be a place, like a destination. And we shifted from that because it was so difficult to get a deal with a dispensary.”Bilzerian could be referring to trying to secure a dispensary permit in California or Nevada, feats that are certainly difficult but not impossible. We can’t be sure; an e-mail to Paul Holden, Ignite’s corporate counsel and the company’s media contact, was not returned. Nevertheless. In a reversal from his company’s public statements to investors on why Ignite pulled out of cannabis in Canada, instead of government overregulation, Bilzerian blamed too little regulation—or the wrong regulation. Singing a song familiar to most legitimate marijuana businesses, Bilzerian says he got killed by the illicit market. And he isn’t looking to get back anytime soon.“I’m so (expletive) happy to be out of cannabis to be honest with you,” he told Bensinger. “I mean, it’s like, the way they let these black market people do it and operate with impunity while people are trying to do this legitimately. It’s just crazy. All data is taken from the source: http://forbes.com Article Link: https://www.forbes.com/sites/chrisrob... #bilzerian #newstv #newsworldtoday #bbcnewsworld #usnewsworldreport#newstodayoncnn #