What’s happening:
- Americans of both parties support legal REC. Why doesn’t the federal government agree?
FiveThirtyEight - A federal judge rejected dispensary chain Harborside‘s bid to overturn industry-hated tax rule 280E. And an analyst discussed what would happen to pot stocks if 280E disappeared.
MJBiz - Florida’s Supreme Court struck down a proposed constitutional amendment to legalize REC.
CBS - MSO Parallel invested $25M in a Texas facility. Legalization supporters in Texas, as I’ve previously described, have an uphill battle.
WeedWeek - Forbes called this year The Last Illegal 420.
- New York City’s hospitality industry is paying attention to legalization.
Cannabis Wire - A new study suggests an association between cannabis use during pregnancy and poorer birth outcomes.
Cannabis Wire - A Wall Street analyst described a potential “compromise scenario” for federal reform in which there would be banking access but not full legalization. Some MSOs might prefer it that way.
Insider, WeedWeek - Weed is a big opportunity for the video data security industry.
Security Infowatch - The $205,000 Oscar night swag bag includes 24-karat gold vape cartridges from Hollowtips and some CBD products.
Forbes - Weed-infused mayonnaise? Maybe someday.
