Hash and NFTs – What’s an NFT? Hash Pizza NFT? – Jonathan Mintle, @Botanichemist (JM), Sultan of Solventless Sculpting and consultant talks hash, non-fungible tokens (NFTs), and legacy culture with Alex Popoff (AP).
Getting to the top of this market, as it is currently set up, typically costs way more money than it makes with the idea that someday down the road it will become profitable. High Times does have plenty of experience in that sort of upside-down bookkeeping, but how long can that last?
Gemini Finance Corp. reacted to the cancellation of the Chalice Festival in July by foreclosing on a $587,000 loan that they had out to event organizers. Sensing blood in the water, the sharks at High Times swooped in and gobbled up a $560,000 debt to purchase the rights to the future of the Chalice Festival. Yep, High Times now owns Chalice…sort of…
While begging for their permit back in May, High Times pledged to donate $100,000 to the Build Black Coalition, and an additional $40,000 to provide high tech career training to local youths. By mid-August they still had not paid. When confronted by leaders of the activist groups, the company vowed to square up in 10 days. Here we are in October and they still have not met that obligation, claiming that the money to do so is “tied up” in their IPO launch. Strange, considering they just rolled up over $11,000,000 out of thin air to squash Dope Mag…
Whether or not High Times goes up in smoke, the moral of the story is that the cannabis industry is a unique one. On top of demanding integrity, most cannabis connoisseurs are more interested in the next big thing rather than what was cool in the 70’s and 80’s.
In your opinion, what could High Times do to rebrand itself and regain the cultural relevance it once had?
Cannabis sales & consumption disallowed at 2018 SoCal High Times Cannabis Cup