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August 18 2023,
THE BIG IDEA
Confused by D8? Confounded by THC-A? Join the club.
On August 28, I’ll be moderating a stellar webinar to discuss the licensed market’s hemp-derived problem, both in California and nationwide. Join us!
In the newsletter:
- BREAKING: Catalyst CEO alleges Glass House signed “fake union” contract
And so much more,
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WEEDWEEK CALIFORNIA PRO
BREAKING: Catalyst CEO alleges Glass House had “fake union” contract
The CEO of retailer Catalyst Cannabis posted a video on social media in which he claimed to show contracts Glass House Farms entered with a “fake union…to avoid collective bargaining.”
If the documents are authentic, Glass House could be one of the dozens of companies the Department of Cannabis Control (DCC) has notified of a possible violation of California’s labor requirements for cannabis companies. The resulting penalties could reportedly include loss of license.
The video escalates a dispute between two major California players. Glass House didn’t respond to requests for comment.
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- The DEA considers D8 THC products illegal when they’re synthesized from CBD.
- A Washington Post op-ed called for the FDA to involve itself in legalization.
- MSO Tilt Holdings cut its ties with equity brands.
- Family office Big Plan Holdings invested $35M in Silver Therapeutics, a northeast-focused MSO.
- New Cannabis Ventures suggests pot stocks could fall even further.
- The ETF launched by venture firm Poseidon shut down after less than two years.
- The Inc 5,000 list of fastest growing U.S. companies included edibles ingredient maker Azuca (#214), distributor Nabis (#1,340) and decontamination company Willow Industries (#1,583, it’s third straight year).
- A new spot for edibles brand Cheeba Chews spoofs pharmaceutical ads.
- Voting is now open for the Emjays International Cannabis Awards which will be presented during MJBizCon week in Las Vegas. They honor ancillary products and services.
- Honeybee Collective co-founder Chris Becker weighed in on the worst thing that can happen to your brand.
- Young adults are losing interest in alcohol.
State and local:
- New York’s State Assembly Speaker said he doubted the legislature would hold a special session to change state law, after an injunction halted the equity licensing process. Green Market Report dug into the court filings.
North Country Public Radio
- An Alabama judge paused the state’s MED licensing process.
- A group of Stamford, Conn. homeowners have filed a lawsuit to stop commercial cannabis sales statewide.
CT News Junkie
- A Florida court opened the door to e-commerce portals such as Leafly, which filed the lawsuit, operating in the state. Meanwhile, MSOs are betting big on the state.
Orlando Weekly, MJBiz
- Ohioans are set to vote on a REC ballot initiative in November.
Health and science:
- UCLA took a look at the cannabinoid HHC.
- An Illinois man, 20, admitted to fatally stabbing his father Perron Thurston, after he suggested the son shouldn’t smoke up before work at a cafe.
- Germany is set to loosen its rules on weed.
France 24 English
Fun and interesting:
- The growing hub of Santa Barbara and Ventura Counties are the two fastest heating counties in the continental U.S.
Santa Barbara Independent
- SoCal is bracing for a potential hurricane on Monday.
- The state is seeking applicants for $48M in pot-tax funded community reinvestment grants.
- A bank is struggling to locate the borrowers who took out a $50M loan for Green Sage, a failed operation in Oakland, and then vanished.
- Lindsey Bartlett profiled Fig Farms, one of the hottest brands around.
- Lindsay MaHarry profiled WildLand, a regenerative farm in Mendocino.
- Madera (Madera Co.) moved towards allowing its first pot shops.
- Cotati greenlit Sonoma’s first consumption lounge, to be opened by Mercy Wellness.
NorCal Public Media
- Eight companies applied for retail licenses in Healdsburg (Sonoma Co.)
- Mendocino regulators received $17M to deal with a licensing backlog.
North Bay Business Journal
- California City (Kern Co.) could open up to more retail.
- Residents of Fresno’s relatively low income Pinedale neighborhood successfully pushed back on a new shop opening.
- Two Berkeley post office clerks were accused of stealing (and selling) weed they find in the mail.
- MSO 4Front Ventures is the latest MSO to leave California.
Green Market Report
- Tasi Bank, a division of the Bank of Guam, debuted cannabis banking services.
SF Biz Journal
- Cookies opened a shop in Harrison, N.J., near Newark and New York City.
- The Humboldt Legacy Project, dedicated to preserving and empowering legacy culture announced a new collaboration.
- Binske joined the Petalfast stable of brands.
- Stiiizy opened a store in Oxnard (Ventura Co.).
- Off the Charts opened Sacramento’s second equity dispensary, not including equity delivery services.
A Wana Brands crew came out for tribute band Killer Queen’s show at Red Rocks, outside Denver.
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