August 12 2022,
THE BIG IDEA
Hope you’re staying cool as we head into the last stretch of Summer.
In the newsletter:
- EXCLUSIVE: Does Stiiizy have a diiiversiiion problem?
Plus lots more.
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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO
The labels of four Stiiizy -branded vape products purchased in New York City suggest that there is an illegal pipeline of products originating at the company’s licensed Los Angeles factory and reaching out of state markets.
There are essentially two ways cannabis products legally manufactured in California can reach other states, both illegal. They can 1) Be diverted from a company’s supply chain; or 2) Sent out of state after a consumer legally purchases them.
Stiiizy’s parent company, Shryne Group, declined to comment on the vapes purchased in New York.
LATEST PRESS RELEASE
MJ REIT Launches; Real Estate Investment Trust Is Sub-Managed by Rainbow Realty Group and Distributed by Arcview Capital
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- A San Diego Union-Tribune columnist argued that Brittney Griner has more “trade value” that an American teacher also locked up in Russia for cannabis.
- The Justice Department filed a motion opposing gun rights for MED patients.
- National Law Review provided a nationwide legalization update.
- Desert Hot Springs, Calif. pre-roll phenomenon Jeeter anticipates more than $400M in revenue this year. Its products are also available in Michigan and Arizona.
- Cigarette giant Altria filed patents for manipulating terpene content in order to alter cannabis flavors.
- Stock in Weedmaps‘ parent company plunged after the company warned of a flat year. The company also announced an expansion of its SaaS B2B offering for brands and retailers.
- Cannabis Now checks out Superette’s new “Sip-N-Smoke” retail concept, which debuted in Toronto.
- SXSW opened voting on nearly 100 cannabis and psychedelics panels under consideration for its 2023 event.
- MSO Trulieve endorsed a 2024 REC ballot initiative in its home state of Florida.
Ft. Lauderdale Sun-Sentinel
- Missourians look set to vote on REC in November.
- In July, New Mexico had its best sales month yet.
Health and science:
- A study found far fewer people get synthetic cannabinoid poisoning in legal states.
- International technical standards organization ASTM approved new cannabis standards.
Fun and interesting:
- CelebStoner reviews Just Dope: A leading attorney’s personal journey inside the war on drugs by SoCal weed attorney Allison Margolin. Margolin is the daughter of cannabis lawyer Bruce Margolin and sister of Madison Margolin, founder of psychedelics magazine Double Blind.
- Cannabis Health remembers Olivia Newton-John as an icon for MED advocacy.
- NBA great and equity entrepreneur Chris Webber is starting a brand called Players Only. Boasting partnerships with rappers like Quavo, Raekwon and Royce 5’9, it’ll be available initially at select Cookies and Gage (part of MSO TerrAscend) shops in Michigan.
- Cookies’ first Florida store opened in Miami.
- SoCal sales and marketing accelerator Petalfast said it would expand to Michigan and Massachusetts, its first new states.