January 28 2022,

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THE BIG IDEA

Happy Friday all!

One of my new year’s resolutions is to follow more relevant publications and social media accounts. Got any recommendations? Send them to alex@weedweek.com

In today’s meaty newsletter:

  • Amazon endorses GOP legalization bill
  • Flow Cannabis hits hard times: Report

Enjoy,

Alex 

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TODAY in WeedWeek Live:

Jackie Bryant talks to Poseidon Asset Management managing partner Emily Paxhia.

Check out last week’s interview with Jesus Burrola, CEO of California craft grower Posibl

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Amazon endorses GOP led legalization bill

Tech giant Amazon expressed support for Rep. Nancy Mace’s (R-S.C.) federal legalization bill.  The news comes months after Amazon endorsed a Democratic bill.

  • A spokesman described the new announcement as a way to spur bi-partisan action as well as support from more companies.
  • Mace also says any bill has to be bi-partisan. She recently lent support to a limited MED bill in South Carolina, despite strong opposition among many Republicans.

Amazon says its increasingly visible support for legalization owes to the tight labor market: 

  • It says federal prohibition makes it harder to hire people of color.

Amazon says it has no plans to sell cannabis. 

  • Sen. Elizabeth Warren (D-Mass.) said, “I’m deeply skeptical that Amazon’s lobbying is anything more than a self-interested move to monopolize yet another market, potentially blocking Black and Latino entrepreneurs from an emerging industry.”The move, which comes months after the company endorsed a Democrat-led bill.

QUICK HITS

Business:

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Equity:

  • Many in SoCal feel betrayed by the failure of equity programs.
    LA Times

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