Around the horn:
- U.S. Attorney General nominee Merrick Garland said the feds shouldn’t waste resources on state-legal cannabis activity.
Marijuana Moment - Beau Wrigley, billionaire heir to the chewing gum fortune, and CEO of MSO Parallel, is taking his company public through a SPAC in partnership with Ceres Acquisition Corp. and the entertainment and tech entrepreneur Scooter Braun. The deal values Parallel at $1.9B.
Forbes, Variety - An unnamed company tried to buy Canadian player Aphria while it was negotiating its merger with Tilray.
New Cannabis Ventures - Former Eaze CEO Jim Patterson plead guilty in federal court to one count of conspiracy to commit bank fraud. The plea comes a week before two of his associates go on trial for an alleged scheme to trick banks into processing more than $100M in cannabis payments. Eaze is not a defendant in the case, denies wrongdoing and says it cooperated with authorities.
MJBiz - A California bill would decriminalize psychedelics.
Canna Law Blog - MJBiz looks at how genetic editing enables cannabis companies to improve their crops.
- North Dakota’s House of Representatives passed a REC bill. On to the Senate!
Grand Forks Herald - Mary investigates the creation of ‘Puff’ the rubber chicken bong.
