What else is happening:
- President Joe Biden’s budget maintains the ban on legal REC sales in Washington D.C. District residents voted to legalize in 2014. The New Republic calls his position “shameful.”
The Verge - With the compound more widely available, sales of CBD-only products are falling at dispensaries.
MJBiz - Nevada approved consumption lounges, with the first ones likely to open late this year.
Eater - Motley Fool calls these three pot stocks “better buys than dogecoin.”
- San Francisco-based SPARC said it would acquire California-brand besito for an undisclosed amount.
- An equity license applicant sued the city of Los Angeles over the delay in her application.
Spectrum News 1 - The Parent Company named LA-brand Josephine & Billie’s as its first equity investment. It didn’t disclose the terms of the deal.
- Canadian giant Canopy Growth ended its joint venture with hip-hop star Drake.
BNN Bloomberg - Evercannabis lists “iconic duos” in cannabis culture, starting with Cheech & Chong.
- The UCLA Cannaclub is starting a joint rolling team to compete against rival schools. DM Ace High to find out about tryout kits.
