MJ Holdings, Inc. MJNE +8.57% + Free Alerts reported that its stock has begun trading on the OTCQB Market under the ticker symbol "MJNE" at the market open on Tuesday, September 14. Paris Balaouras, founder and chairman of MJ Holdings, which focuses on providing management and consulting services to cannabis enterprises, said that "trading on the OTCQB Market is a step forward for both the company and stakeholders, giving us the comfort and confidence to meet our goals in 2021 and beyond." Roger Bloss, CEO of the Las Vegas-based company, disclosed that OTCQB listing allows the company to bolster transparency for their shareholders and investors, "providing us with a smooth transition as we expand our efforts to a global audience." Earlier this year, MJ Holdings announced it was purchasing two cultivation and two production licenses and transferring the proper licenses to its land. Prior to this, the company inked a letter of intent regarding licenses purchase and has now progressed into a Membership Interest Purchase Agreement. "In consideration of $1.250M and 200,000 shares of our common stock (Purchase Price), we will soon fully control our own destiny as we have applied to transfer the cultivation licenses to our proprietary land: The Farm," Balaouras stated in February. Price Action: MJ Holdings' shares traded 6.04% higher at $0.4136 per share after market close on Tuesday. Read Full Article Here: https://www.benzinga.com/markets/cannabis/21/09/22946195/mj-holdings-stock-up-on-announcing-debut-on-otcqb-market

Nevada marijuana companies are mapping out plans to open consumption lounges next year under a new state law with the goal of serving the tens of millions of visitors who flock to Las Vegas annually. Until now, tourists buying cannabis products in Sin City’s retail stores have had no place to smoke, eat or consume their purchases because it’s illegal to do so in public. Moreover, consumption is not allowed in Las Vegas casinos or the city’s approximately 150,000 hotel rooms. That has put a damper on sales to out-of-state visitors in this tourist-reliant city. In 2019, Las Vegas attracted more than 42 million visitors. “When recreational cannabis was legalized here, it was legalized without a place for tourists to consume it,” said Layke Martin, executive director of the Nevada Dispensary Association. “You weren’t legally allowed to consume it in public. Lounges create a space where cannabis products can be consumed legally.” Hadhinah Felice, marketing director at Amargosa Valley-based cultivator MJ Holdings, predicts that “cannabis sales are going to skyrocket” thanks to consumption lounges. The company plans to open such a venue. “Not only locals but visitors will crowd the lounges,” Felice predicted. New law enacted Nevada is one of nine states that permit on-site consumption of recreational marijuana, according to the Washington DC-based Marijuana Policy Project, although the pandemic has complicated plans for some business owners aiming to offer such venues. A bill allowing for marijuana consumption lounges was among a flurry of last-minute measures approved by Nevada lawmakers in June, before they adjourned for the year. Gov. Steve Sisolak signed the measure into law. The state’s Cannabis Compliance Board (CCB) must finalize the rules governing the lounges. Under the new law, regulators can offer two new types of marijuana business licenses related to consumption lounges: One for retailers that want to open consumption lounges on the same property as their retail shops. One for stand-alone lounges that will be limited to single-use products, in the same manner as bars that sell alcohol. Alcohol sales will be barred in either type of establishment. Nevada has 86 cannabis retailers held by about 45 different ownership groups, Martin said. Each ownership group will be permitted to have one consumption lounge license if they have space that qualifies for one. Nearly 60 retailers have indicated they’re interested in opening consumption lounges. The CCB will provide store owners who held licenses as of July 1 written notification that they might be eligible for a permit for a retail cannabis consumption lounge. Different licenses will be issued for lounges attached to marijuana retail outlets and stand-alone lounges that offer single-use products that can be consumed on the premises. While the CCB has not yet finalized the rules for consumption lounges, state law has established certain parameters: Only the owner of a licensed adult-use store is eligible for a retail cannabis consumption lounge license – one person cannot hold both retail and independent cannabis consumption lounge licenses. At least half the licenses – 10 of the first 20 – issued to independent cannabis consumption lounges must be awarded to social equity applicants. A social equity applicant is someone who has been adversely affected by laws that criminalized cannabis-related activity. The one-time, nonrefundable application fee for a retail cannabis consumption lounge is $100,000 while the fee for an independent lounge is $10,000. The CBC expects to issue the first round of licenses by early to mid-2022. Years in the making The Nevada marijuana industry has been seeking cannabis consumption lounges for years, given the state’s heavy reliance on tourism. In Las Vegas, Planet 13 Holdings had already designated space for a consumption lounge at its superstore but then had to pivot. The customer lines to buy product there were so long that Planet 13 opted to use the space designated for its consumption lounge to double the size of the sales floor to cut the wait time from 1½ hours to about 45 minutes. Now the company is looking at a 4½-acre site with a 55,000-square-foot building adjacent to the store to build a consumption lounge, said Larry Scheffler, Planet 13’s co-CEO. “That will give us 19 acres and a 176,000-square-foot marijuana superstore complex,” he said. Planet 13 will use about 20,000 square feet of the building, which is owned by the superstore’s current landlord, for its consumption lounge and club, which will include a 4-inch-deep indoor splash pool that opens onto a 5,000-square-foot outdoor balcony. A skywalk will connect the consumption lounge to the dispensary. “We’re very bullish on it,” Scheffler said. “This is what Vegas is about – entertainment. We’ve been very successful so far, and as long as we continue to create a destination, we’ll continue to be successful.” Marijuana products sold at the Planet 13 consumption lounge will be more expensive than those sold at the superstore, and guests will not be able to bring in cannabis from other retailers, Scheffler said. “If you’re at a club at the Wynn, you can’t bring in a bottle,” Scheffler said. “If you buy a bottle of wine for $50 at a store, it might cost $200 in the club.” Like Planet 13, the Oasis Cannabis Dispensary in Las Vegas is looking at taking over a suite that’s adjacent to its retail shop to build out a consumption lounge, said Lissa Lawatsch, the store’s general manager. She anticipates customers will purchase cannabis in the store and then take it into the adjacent consumption lounge. “It depends on how the regulations are written,” she said. “We’re attached by a wall that connects the dispensary to the consumption lounge. If they allow us to connect the two, we do more with purchasing and delivering it to the table. “But it sounds like it’s going to have to be two separate entities.” Independent lounge planned Roger Bloss, CEO of MJ Holdings, plans to apply for an independent consumption lounge license because the company does not currently operate any retail stores. MJ Holdings would package and sell its own products in the consumption lounge. The company also is looking at acquiring a retail store. “To complete our vertical, we need a retail opportunity and a consumption lounge,” Bloss said. “I’m a big proponent of consumption lounges and finding a way for Nevada’s worldwide global tourist trade to consume cannabis. “I just don’t like that we put people in uncomfortable positions.” Bloss noted that, back in the day, Las Vegas didn’t have nightclubs on the Strip, but tourists wanted them, so hotels and casinos built them. “Once the hotels and casinos realized people were taking their money to other destinations, they started putting nightclubs in the hotels,” Bloss said. “Vegas will create the ultimate destination for these lounges.” Link to Full Story Below https://mjbizdaily.com/nevada-marijuana-firms-ready-consumption-lounges-to-serve-tourist-throngs/

Olivia Alexander, CEO of online global cannabis boutique Kush Queen, compared the industry to the dot com bubble. "At this stage, the industry is so young with so much room for innovation and expansion it is very hard to say how many players are going to remain once the market begins to mature and fully develop on a federal level," Alexander stated. Marco Eadie, managing director at consulting firm O'Keefe, said that well-capitalized companies would have an advantage over smaller players. "Larger companies will be much more strategic in deploying their capital," he said. Eadie added that market variables, such as state-by-state licensing and capital access, will hinder companies. Alexander believes that the number of players in the space will hinge on which companies can successfully navigate the tumultuous space, forming a reliable consumer base in the process. Major MSOs could have to pivot if vertical integration doesn't become part of federal legislation. Trevor Fencott, CEO of Fire & Flower Holdings Corporation FFLWF -0.08% + Free Alerts , believes that vertical integration won't last, thus separating the industry into product and distribution companies. "Vertical integration is uncommon in most other industries and we believe this will be true of cannabis," Fencott said. If true, both sides of the market will see "inevitable" consolidation. Like other industries, he expects significant consolidation to lead to three to five global players in each market segment, reflecting many other industries. Seth Worby, co-founder and managing partner of the Cannabis Creative Group, believes that legalization will eventually lead to the downsizing of current players as major companies swoop in to get in on the action. "They will find cannabis businesses with impressive revenue potential, brand equity, and operational standards – and they'll snatch them up at a premium too," Worby said. Non-Cannabis Brands Largely Predicted To Become Eventual Market Leaders Both major cannabis brands of today and leading non-cannabis companies could become the eventual leaders of the industry's space race. Worby predicted market leaders will ultimately be determined by scale. "Major corporations such as Pfizer Inc. PFE -2.16% , Johnson & Johnson JNJ -1.23% , Procter & Gamble Co PG -1.14% , et cetera, that have existing distribution and plants in similar markets will quickly emerge at the forefront of this race as soon as federal legalization comes about." He added that companies experienced in recreational-focused marketing, like Anheuser Busch Inbev SA BUD -0.65% + Free Alerts and Molson Coors Beverage Co Class B TAP -1.47% , will also enter and innovate the space post-federal legalization. "These types of conglomerates have stayed away from the industry because of the federal status and restrictions, but that doesn't mean they are not preparing for a shift," Worby added. Roger Bloss, CEO of cannabis holding company MJ Holdings, Inc. MJNE +7.72% , believes Jeff Bezos will be in the race as well, with Amazon.com, Inc. AMZN -1.26% likely becoming a distribution dominator. Aside from Amazon, he sees brands that are able to excel at both medical and recreational becoming eventual leaders. Leading cannabis brands weren't excluded from the conversation entirely. Eadie noted increased market caps and double-digit growth from Curaleaf Hldgs Inc. CURLF +0.18% and Canopy Growth Corp CGC -1.09% as signs of their strength. He also liked private companies, including Gage Cannabis and its continued focus on growth. "Each rising star will need to differentiate themselves in this competitive market as groups like Harvest Health & Recreation Inc. HRVSF +3.65% and Verano Holdings Corp. VRNOF +0.49% continues to acquire unique cannabis-related companies to strengthen their portfolios," Bloss noted. Read The Full Story Here https://www.benzinga.com/markets/cannabis/21/07/22232802/elon-musk-jeff-bezos-richard-branson-which-market-leaders-will-make-up-the-cannabis-industry-spa

Nevada’s marijuana industry is looking to get greener. From plastic packaging to the electricity needed to grow the plants, the cannabis industry has areas to address to lighten its environmental footprint. The head of the Nevada Dispensary Association told State of Nevada that stakeholders are working on more environmentally friendly practices and also drafting regulations that promote sustainability “Some of our businesses and our customers are demanding more green practices, from growing organically to switching to LED lights to using recyclable packaging,” said Layke Martin, executive director of the dispensary group. “From a regulatory standpoint, with each change that we look at in the regulations with the Cannabis Compliance Board, we should look at what is the direct or indirect impact this has on environmental sustainability.” The Sustainable Cannabis Coalition asks, “Why aren’t brands marketing their sustainability efforts more distinctly,” and answers its question with the observation that “navigating complex legalization policies during uncertain times in a nascent industry is enough of a challenge.” A leading member of the coalition said cannabis pioneers were so busy launching the industry and shaking things out, that attention is only now turning to improved sustainability. Listen with the Full Link Here https://knpr.org/knpr/2021-08/marijuanas-green-does-cannabis-industry-follow-suit

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers of this report should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this report. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic, regulatory and business conditions in Nevada, and or changes in U.S. Federal law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Item 8.01. OTHER EVENTS On or about May 7, 2021, the Company’s wholly owned subsidiary, Red Earth, LLC (the “Subsidiary”), received an inquiry from the State of Nevada Cannabis Compliance Board (“CCB”) regarding the transfer of ownership of the Subsidiary from its previous owners to the Company. The CCB has determined that the transfer was not formally approved, thus a Category II violation. On July 27, 2021, the Subsidiary entered into a Stipulation and Order for Settlement of Disciplinary Action (the “Stipulation Order”) with the CCB. Under the terms of the Stipulation Order, the Subsidiary has agreed to present to the CCB, by not later than August 31, 2021, a plan pursuant to which the ownership of the Subsidiary will be returned to the original owners. The Parties to the Stipulation Order resolved the matter without the necessity of taking formal action. The Subsidiary has agreed to pay a civil penalty of $10,000, which was paid on July 29, 2021. The foregoing provides only a brief description of the material terms of the Stipulation Order, does not purport to be a complete description of the rights and obligations of the parties thereunder, and such description is qualified in its entirety by reference to the full text of the Stipulation Order filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference. To Read The Full Story Click Here https://irp.cdn-website.com/2daffc57/files/uploaded/8-K.pdf

MJ Holdings, Inc. ( MJNE ) (the “Company”), a leader in the Nevada cannabis market, in response to the COVID-19 pandemic and its current impact on the Nevada tourism market, will continue to pursue our spring grow consisting of around 7,000 plants in order to be ready for the anticipated increase in demand for legal marijuana products in Nevada once the State begins reopening. We will continue to implement best practices COVID-19 mitigation procedures, including social distancing at our cultivation facility and utilization of proper PPE in the handling of all marijuana products… Read Full Story by clicking Here

The Company has received approximately $200,000 in short term financing from loans made by Pyyros One, LLC (“Pyyros”). The Company’s Chairman and CEO, Paris Balaouras, is the sole beneficiary of the trust that manages Pyyros. The principal, of the interest-only loans, is due in February and March of 2021 and is being utilized to cover a portion of lost income due to Covid-19. “We are grateful that our CEO was willing to lend funds from his trust assets to the Company during these difficult times; this has helped us to weather the storm until our revenues return to pre-pandemic levels,” stated Terrence Tierney, the Company’s President. Mr. Tierney also said, “Mr. Balaouras and I have waived our April and May base compensation and are working closely with our customers as we collectively begin to recover from the almost two-month shutdown of the Nevada cannabis industry.” The Company’s senior executives will continue to closely monitor the Company’s short-term cash requirements and will seek additional capital as necessary. Read Full Story by Clicking Here

MJ Holdings, Inc. Announces Filing of Annual report for the Period Ended December 31, 2019 Company Finalizing All Three Quarterly Reports for 2020 Las Vegas, NV, December 15, 2020 (GLOBE NEWSWIRE) — MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to inform shareholders that it has filed its Annual Report for the period ended December 31, 2019. The Company’s Annual Report on Form 10-K is available at https://www.otcmarkets.com/filing/html?id=14555621&guid=H2QqUeox_0NpB3h and on the Company's website at https://mjholdingsinc.com/investor-relations/ The Company is finalizing its Quarterly Reports for the periods ended March 31, 2020, June 30, 2020, and September 30, 2020, to be reviewed and filed with the Securities and Exchange Commission (“SEC”) in the near term. “The filing of the Company’s Annual Report is the first step in getting the Company back into compliance with the SEC’s reporting requirements,” stated Roger Bloss, Interim Chief Executive Officer. “Our new executive team, while mindful of all aspects of corporate responsibility, highlighted shareholder value over the past several months by focusing on the task of bringing our reporting up to date.” “We’re delighted to have our 2019 10-K filed and we’re now turning our attention to our Quarterly Reports through Q3,” stated Jim Kelly, Interim Chief Financial Officer. “We look forward to our stock being more actively traded as we maintain compliance and work on closing out a very successful 2020 from a cultivation, sales, and operations perspective.” The company also wishes to remind all shareholders and persons of interest that MJ Holdings, Inc. will be making announcements and updates via social media. Updates can be found on our following social media channels: Facebook: https://www.facebook.com/mj.holdings/ Twitter: https://twitter.com/mj_holdings Instagram: https://www.instagram.com/mjholdingsinc/ LinkedIn: https://www.linkedin.com/company/mj-holdings-inc/ About MJ Holdings, Inc. MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries, we provide cultivation and production, management services as well as infrastructure sales and development. The Company’s cultivation operations include management of a three-acre co-operative in the Amargosa Valley of Nevada. The Company currently manages the State of Nevada issued cannabis production license and expects to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus that is currently under development. The Company also provides management consulting services to state-licensed dispensaries. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled “Risk Factors”, copies of which may be obtained from the SEC’s website at www.sec.gov . The parties do not undertake any obligation to update forward-looking statements contained in this press release. Company Contact: Roger Bloss, Interim Chief Executive Officer [email protected] (805) 796-6663

Las Vegas, NV, February 3, 2020 — MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to inform shareholders that it has filed it’s 10-Q for the period ended June 30, 2020. The Company’s Annual Report on Form 10-Q is available at https://www.otcmarkets.com/filing/conv_pdf?id=14659288&guid=tXiKUHadOtEeOyh and on the Company’s website at https://mjholdingsinc.com/investor-relations/ The company also wishes to remind all shareholders and persons of interest that MJ Holdings, Inc. will be making announcements and updates via social media. Updates can be found on our following social media channels: Facebook: https://www.facebook.com/mj.holdings/ Twitter: https://twitter.com/mj_holdings Instagram: https://www.instagram.com/mjholdingsinc/ LinkedIn: https://www.linkedin.com/company/mj-holdings-inc/ About MJ Holdings, Inc. MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries, we provide cultivation and production, management services as well as infrastructure sales and development. The Company’s cultivation operations include management of a three-acre co-operative in the Amargosa Valley of Nevada. The Company currently manages the State of Nevada issued cannabis production license and expects to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus that is currently under development. The Company also provides management consulting services to state-licensed dispensaries. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled “Risk Factors”, copies of which may be obtained from the SEC’s website at www.sec.gov . The parties do not undertake any obligation to update forward-looking statements contained in this press release. Company Contact: Roger Bloss, Interim Chief Executive Officer [email protected] (805) 796-6663