March 14 2022,
THE BIG IDEA
Today I’ve got an interview with Glass House Brands CEO Kyle Kazan who is leading the build out of a 5.5M square foot greenhouse.
Measured in terms of football fields…that’s a lot of weed.
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Glass House CEO Kyle Kazan talks "Darwinian" Calif. Market
California operator Glass House Brands is building what could be the biggest cannabis grow in world history. But the company’s already sizeable operations haven’t necessarily endeared it to smaller businesses struggling to keep afloat in a glutted market.
I spoke to CEO Kyle Kazan, a former drug cop, about the company’s strategy, the dawn of interstate trade and what equity means to him.
- Congressional Democrats talked equity at a party retreat.
- Investors filed two lawsuits against MSO Parallel and chairman Beau Wrigley, the gum heir, in connection with the company’s failed SPAC deal. Parallel didn’t respond to a request for comment.
- After closing its acquisition of Gage, MSO TerrAscend is looking for more deals.
- Pricing pressure has emerged as a “key theme” for public companies.
New Cannabis Ventures
- Reuters highlights five court cases to watch.
- China is shuttering factories amid a Covid surge. It could have knock on effects for the vape hardware supply chain.
- Cartoonist and patient advocate Brian “Box” Brown shared more MSO brand maps. This time for Cresco Labs, Verano and Columbia Care.
- The weed dealers in New York’s Washington Square Park are now totally open about it.
- Westword looks at cannabis and hemp bills in Colorado.
- A new Georgia law seeks to have D8-THC declared legal.
- Reason says California’s mismanaged market has fueled unlicensed sellers.
- Los Angeles’ cannabis regulator is hosting a career fair on Saturday. It’s also hosting a webinar series on business development.
- Non-profit Americans for Safe Access rated states for MED access.
Phoenix New Times
Fun and interesting:
- Check out stoner art from J del.
- Bloom Montana, the state’s largest vertically integrated player — 23 stores — closed an $11M debt financing with Altmore Capital.
- Trulieve‘s Momenta brand partnered with “Survivor:Africa” winner and cancer survivor Ethan Zorn.
- Colorado-based greenhouse designer urban-gro said it would acquire Colorado-based Emerald Construction Management for $7M.
- Software unicorn Dutchie announced a partnership with Last Prisoner Project and said it would match $1M in donations.
- Cookies new Batman merch triggered a discussion on LinkedIn.
- Nancy Birnbaum joined the board of the Sonoma County Growers Alliance.
- Weedmaps‘ parent named tech exec Anthony Bay chairman.
- California delivery service Grassdoor named Colin Graham creative director.
- Former High Times CEO Stormy Simon joined the board of media company Kaya Now.
- Colorado-based edibles company Coda Signature named Maigread Eichten CEO, Jessica Urbaniak CFO and Amber Milos CMO.
- Lelehnia Du Bois joined Canopyright as Chief Community Officer.
- There’s a new online community called Weed for Black Women.
- California brands Claybourne and El Blunto have a new pre-roll partnership.
- A company called Thriving Design sells plant supports made from recycled plastic.
- California brand Raw Garden has a new line of infused joints.
- Jones Soda is the latest mainstream brand to go green.
- Kerry Bennett shared some “odd cultivation knowledge.“
- Respect my Region’s Joey Brabo posted several videos from the Spannabis conference, in Barcelona.
- Working at @HappyDayFarms looks like fun.