April 29 2023,

THE BIG IDEA

Hi all,

Running a bit late today so let’s get to it.

In the newsletter:

  • Hall of Flowers: A buyer’s view
  • BREAKING: Delta-8 partner drops Cookies suit
  • SAFE Banking returns

Lots more too,

Alex

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WHAT YOU MISSED IN WW CALIFORNIA PRO

BREAKING: Delta-8 partner drops suit against Cookies

In a sharp reversal, a company which licensed the Cookies brand for Delta-8 products dropped its $38M lawsuit against the popular brand, which alleged a wide array of wrongdoing over the course of their yearlong relationship. The former plaintiff said additional information came to light and that “certain third parties influenced us to file suit based upon allegations that we learned were not true.”

The popular brand faces additional litigation as well.

Read the story

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the artist tree
The Artist Tree buyer Sean Shepherd. Please wait your turn. (Courtesy: The Artist Tree)

Hall of Flowers: A buyer’s view

When Hall of Flowers returns to Santa Rosa next week, Sean Shepherd will be the most popular guy there: He’s a dispensary buyer who pays his bills.

We asked him what he’s looking for in new partners.

Read the story.

 

READY FOR A NEW JOB?

LATEST PRESS RELEASE

Canopyright Launches The
Canopyright Launches The Cannabis Industry’s First Hashgraph-Secured Genetic Marketplace
San Francisco, CA (Newsworthy.ai) Tuesday Apr 25, 2023 @ 9:15 AM Pacific — Canopyright, a patent-pending, blockchain-powered marketplace that puts breeders' rights first, today announced the full launch of its cultivar marketplace purpose-built for cannabis breeders and commercial operators. Canopyright’s...

FOR SAFE BANKING, NINTH TIME'S THE CHARM?

Senate
Getty Images

A bi-partisan group of Senators and Congresspeople reintroduced a SAFE Banking bill that would allow banks to serve the industry without fear of federal penalties. 
Marijuana Moment

  • Several changes have been applauded by equity advocates who expressed concerns that the bill would primarily benefit larger companies.
  • For more on the mood in Washington, check out my recent interview with Sen. Majority Leader Chuck Schumer’s (D-N.Y.) former chief counsel Reggie Babin, who’s now with law and lobbying firm Akin Gump.

Lawyer turned consultant Marc Hauser, who’s not optimistic about the bill’s chances, thinks it’s the ninth time SAFE Banking has been introduced. He notes that it comes soon after the Senate failed to advance a bill to support MED research for veterans.

  • The MED bill, Hauser notes, was “blocked by a group of senators that, in a Kafka-esque turn, included co-sponsors of the new SAFE Banking Act.”

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