June 23 2022,
THE BIG IDEA
Happy weekend everyone,
Let’s get to it:
- Puffco patent suit: A sign of things to come?
- Pharma’s working on drugs to treat weed addiction
And so, so much more.
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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO
A patent infringement lawsuit filed by bongmaker Puffco against rival SHO Products looks like a preview of the high stakes intellectual property (IP) litigation awaiting the cannabiz.
A victory for Puffco could frighten off potential competitors for the 20 year life of the patent. But if Puffco loses, lawyers say its patent could be invalidated.
In its federal suit, Puffco alleges SHO’s Focus V Carta bong infringes on Puffco’s…
PLUS: What companies have filed the most cannabis patents?; Can states crack down on Cookies’ Batman merch?
And so much more in the new WeedWeek California Pro.
Pharma researches drugs to treat weed addiction
Tiffany Kary reports in Bloomberg that at least 17 studies are underway in the U.S. for pharmaceuticals to treat cannabis use disorder.
- One of them, Microdoz Therapy plans to treat cannabis abuse with psychedelic mushrooms and talk therapy.
- “I think the coronavirus increased mental health problems in general and addiction in particular,” Pier Vincenzo Piazza, CEO of French company Aelis’, which is developing a treatment for cannabis overuse, said.
- The drug isn’t likely to be up for approval until around 2027, he estimates.
- The FDA banned Juul e-cigs. What, if anything, this means for weed vapes is unclear.
- A bipartisan group of 23 state attorneys general called on Congress to stop the sale of (typically unlicensed) cannabis products that resemble popular food brands.
- A spending bill did not include protections for licensed cannabis activity.
- Industry lobby U.S. Cannabis Council says it remains “optimistic” that banking reform will pass this year.
- After being urged by the Biden administration, the U.S. Supreme Court declined to hear cases related to MED reimbursement for injured workers.
- A federal proposal would slash the maximum allowable amount of nicotine in cigarettes.
- MJBiz has a good story on market conditions in three states: Colorado, Washington and Oregon:
“It’s going well for almost nobody,” said Matt Walstatter, who sold his Oregon store, Pure Green, in 2019 to focus on cultivation.
- In a new book, Can Legal Weed Win? UC Davis economists Daniel Sumner and Robin Goldstein ask tough questions. (I’ll be posting an interview with them soon.)
- Major league baseball teams can now sell CBD sponsorships.
- Some weed ETFs are packing it in.
Green Market Report
- A new video ad from Cheeba Chews tries to walk the line between playful and serious.
- Andrew Ward looks into the practice of “rainbow washing.“
- MJ Brand Insights and Pioneer Intelligence put together a list of the 10 hottest Black-led brands.
State and local:
- Florida regulators have been sued for allegedly failing to provide public records and allowing an investment firm to have more licenses than state law permits.
- New York regulators are accepting public comment on proposed regulations.
- Nebraska activists need tens of thousands more signatures to get MED on the November ballot.
- An explosion at an Ilera Healthcare factory in Pennsylvania injured six.
- North Dakota activists are confident they’ll get REC on the November ballot.
- New Mexico’s top regulator resigned.
NM Political Report
- Kentucky’s new MED committee met for the first time.
Health and science:
- The N.Y. Times looked at teenagers getting sick from excessive use.
- The American Medical Association called for automatic cannabis expungements.
- Facing eight years on a psychedelics charge, Denver Rabbi Ben Gorelick plans to plea religious freedom.
- REC is landing in Germany.
Canna Law Blog
Fun and interesting:
- New York chose Social Equity Impact Ventures, led by NBA great Chris Webber, to manage its $200M equity fund.
- Alternative Biologics, creators of Muscle Milk, have a new hemp-infused beverage called Gym Weed. (Pictured)
- In California, Jones Soda has partnered with Kiva Sales and Service for its new Mary Jones soda, another win for the distributor. (Kiva also distributes beverage brand Cann.)
- Canadian operator Cronos Group reached a milestone in producing synthesized THC-V, part of Cronos’ partnership with biotech firm Ginkgo Bioworks.
- The Cure Company opened its first dispensary in Inglewood, Calif. near LAX.
- Texas Original opened Houston’s first permanent MED pickup location.
- Unrivaled Exec Colin Landforce asks if there are any “truly national” weed brands?
- Real or a meme? After assisting with a big bust, this K9 cop got to wear a $50,000 watch and a $15,000 chain.
- Lincoln Barnett III shares photos of the New York “ice cream truck.“
- “Stay chill this cancer season.”