Hey y’all,

Greetings from Austin, where they’re trying to ban hemp but also sell it from trucks. Newsletter is a bit short today.

Let’s get too it:

• Edible Arrangements joins the hemp rush

Gobble it up,

Alex

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The company behind decorative fruit salad juggernaut Edible Arrangements, which had $500M in sales last year, has a new site selling hemp-derived edibles. It’s called Edibles.com.

“We’re already called ‘edible’, right?” Edible Brands CEO Somia Farid Silber told Forbes. “We know that sometimes there’s even a little bit of an expectation from a customer for [cannabis] products.”

Read the story

Business:

• Vape hardware company The Blinc Group filed for bankruptcy.
  Green Market Report
• The Texas Senate passed a bill to ban hemp products. Lt. Gov. Dan Patrick, who is spearheading the bill visited an Austin dispensary and got carded. The bills fate in the state House is unclear.
  Texas Tribune, Houston Chronicle
• The U.S. Hemp Roundtable highlighted campaigns in Florida, Tennessee, Mississippi and Arkansas that would constrict the industry.
• The SEC accused the CFO of MSO Acreage Holdings orchestrating a scheme to increase the company’s end-of-year cash balance by $4.2M.
  CFO Dive
• B2B marketplace Leaflink made Fast Company‘s list of most innovative companies.

State and local:

• Talking Joints Memo reports on a new twist in the Martha’s Vineyard saga.
• A spurned Illinois social equity candidate sued its partner.
  Green Market Report
• Investor Aaron Edelheit argues the Minnesota hemp-beverage market represents the future of cannabis.
• The Atlanta-Journal Constitution reports on a Georgia bill to ban hemp-derived beverages and limit other hemp-derived products.

Health and science:

• Scientists found cannabis-derived terpenes may offer relief for patients with chronic pain and fibromyalgia.
  NeuroScience News

Fun and interesting:

• There’s a new Berner action figure.
  @berner415
• Cypress Hill performed ‘Hits from the Bong’ with a 17-piece orchestra on the John Mulaney show.
  @spinmag
• Puffco boss Roger Voldarsky shares his new appreciation for dry sift hash, learned at Spannabis in Barcelona.
  @jollyroger

State:

• The Department of Cannabis Control announced a set of regulatory reforms designed to streamline administration and enhance consumer protections.

Business:

• The LA Times profiles Vincent Mehdizadeh of Pineapple Express who is now facing at least 14 lawsuits.
• Terpene inflation is the industry’s “new favorite flavor of consumer fraud,” according to SFGate reporter Lester Black.
• The California Cannabis Industry Association named Nabis compliance manager Aaron Markowitz, Embarc CEO Lauren Carpenter, Halara CMO Lizzie Spier and consultant Sam Rodriguez to its board.

Local:

• ABC checked out the Farmer’s Cup in San Diego County.

Recognition:

• The North Bay Bohemian named the Law Offices of Omar Figueroa the best Sonoma Co. cannabis law firm.