May 8 2022,

THE BIG IDEA

Hi all,

Sorry to leave you hanging Friday without WeedWeek. Circumstances informed against me. But we’ll resume the normal schedule this week.

In today’s edition:

  • Billionaire investor slams GTI

Read up,

Alex  

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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

Seven brands with innovative business models

When a brand enters the California market, it has a choice: It can be the 500th flower brand, the 500th vape brand, the 500th concentrates brand or the 500th edibles brand. No matter what they sell, they’ll be fighting for shelf space against many other high-quality, largely undifferentiated products. 

Hall of Flowers, the recent B2B conference for brands and retailers, is where to see the competition at its rawest. So what can make a brand connect better than the brand at the next booth? I don’t know. But these seven struck me as doing something smart, different or interesting.

They’re only in California now, but most, if not all, have their eye on…

Seven brands doing it differently.

billionaire investor

BILLIONAIRE INVESTOR SLAMS GTI

Hedge fund billionaire Leon Cooperman lit into Ben Kovler, CEO of Green Thumb Industries, during the Chicago-based MSO’s quarterly earnings call.
Business Insider

Jeremy Berke reports: 

“Are you fully invested in the company?” Cooperman asked Kovler in a heated exchange. “You have all the right buzzwords, but I don’t see the action. I see insider selling. I don’t see insider buying.”

“Kovler responded by denying that GTI executives were selling shares. He touted the company’s longer-term prospects as more states legalize cannabis and said he’s its largest shareholder.

Read the whole thing.

QUICK HITS

Federal:

Business:

States:

  • Michigan operators are eager to expand into Detroit, but wary of lawsuits.
    Grown In
  • New York hemp growers are ready to cash in on the REC market.
    MJBiz
  • The state also needs a manager for its $200M equity fund.
    MarketWatch
  • Several states still could legalize through their legislatures this year: MJBiz on who to watch.
  • Missouri lawmakers appear unlikely to legalize REC in the remaining weeks of the legislative session. An initiative is likely to be on the ballot in the fall.
    Grown In
  • South Carolina senators appeared to kill their MED bill, but a sponsor says he isn’t giving up
    CBS
  • Kentucky Gov. Andy Beshear (D) sounds increasingly optimistic that he can use executive action to enable some kind of MED access.
    The State Journal
  • The Delaware house voted to decriminalize with enough votes to override a veto.
    WHYY (NPR)

Fun and interesting:

COMPANY MILESTONES

JOB NEWS

UPCOMING

PRODUCT NEWS

  • Colorado-based Seed & Smith launched a new line of strain-specific infused pre-rolls, available at their Denver and Louisville locations.
  • New cannalube oh.hi by Lavinia claims to make female orgasms “easier to obtain and better.” It’s available in California.

ON SOCIAL

WEEDWEEK HIGH SOCIETY

The droids you were looking for and assorted Jedi(s?)s roll in to distributor Herbl‘s May the Fourth party at Hall of Flowers in Palm Springs.

Courtesy: Herbl

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