August 26 2022,

TOGETHER WITH

THE BIG IDEA

Hi all,

Happy end of summer! I’ll be taking next week off and will see you after labor day. 

In the newsletter:

Enjoy,

Alex

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This has been updated to reflect that the new USCC head Khadijah Tribble remains Curaleaf SVP corporate social responsibility.

WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

Calif. cannabiz defeats label bill, for now

The cannabiz scored a big win in Sacramento this week with the defeat of legislation that would have added bright yellow warning labels and “graphic” language to weed packaging. Supporters of the Right to Know Act shelved their bill after accusing the industry

Read the story

SCOOP: Three more women sue Jungle Boys

Three women who previously worked for Jungle Boys have sued the storied SoCal operator alleging sex discrimination, underpayment and other labor violations.

The case follows a similar pending suit filed in April by…

Read the story

LATEST PRESS RELEASE

MJ REIT Launches; Real Es
MJ REIT Launches; Real Estate Investment Trust Is Sub-Managed by Rainbow Realty Group and Distributed by Arcview Capital
New York, NY (Newsworthy.ai) Thursday Aug 11, 2022 @ 9:00 AM Eastern — MJ REIT, a recently formed Real Estate Investment Trust, has partnered with Rainbow Realty Group and Arcview Capital. Rainbow Realty Group will serve as sub-manager to MJ...

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CLOCK IS TICKING ON FEDERAL REFORM

Supporters and activists are split over a push for federal legalization and a more limited reform that would allow banking access. One of the key issues is whether banking reform would support equity goals or just be a boon to larger players who are eager to integrate into the financial system.  

  • Sen. Ron Wyden (D-Ore.) who co-authored the cannabis Administration and Opportunity Act with Sen. Majority Leader Chuck Schumer (D-N.Y.) and Sen. Cory Booker (D-N.J.) said he hopes this Congress can pass “some key reforms” by the end of the year. 
    The American Prospect

Meanwhile, a bill that could lay the groundwork for interstate trade, is heading to the desk of California Gov. Gavin Newsom.
Marijuana Moment

QUICK HITS

Federal:

  • A “spoke” of the federal investigation into Florida Congressman Matt Gaetz reportedly involves an alleged public corruption scheme to influence cannabis policy in Florida.
    The Daily Beast

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