Hi all,

The newsletter will be off next week for Memorial Day, but I’ll have a story for our Pro subscribers. Enjoy the holiday!

In the newsletter:

• SCOOP: Glass House resisting discovery order, Catalyst says

Alex

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SCOOP: Glass House resisting discovery order, Catalyst says

Retailer Catalyst alleges rival Glass House is violating a court order in a closely watched lawsuit between two of the California industry’s key operators. In a court filing, Catalyst argues that Glass House’s failure to turn over documents indicates it is directly participating…

Read the story…

Following the recent leak that the Justice Department plans to move cannabis to Schedule III, President Biden endorsed the decision. He called it a “monumental action…an important move towards reversing longstanding inequities.”
Marijuana Moment

The U.S. Justice Department’s Office of Legal Counsel issued an opinion on rescheduling. Its findings included guidelines for the DEA and a finding on the ongoing United Nations treaty question.

• The DEA also issued a notice of proposed rulemaking, explained by Harris Sliwoski attorney Vince Sliwoski.

The biggest tangible consequence for the industry remains the likely neutering of industry-hated tax rule 280E. But bank reform advocates continue to search for a path through Congress.
Banking Dive

Business:

• MSO Curaleaf is an early leader in New York.
  NY Cannabis Insider
• MJBiz reports on some cannabiz workers who are rethinking unions.
• A University of Nevada-Las Vegas researcher says casinos should revive the conversation about cannabis. When it last came up in 2018, the highly regulated industry said it would have nothing to do with weed.
  Casinos.com
• Reuters looks at how the financial crisis sparked the cannabiz.
• Verano president Darren Weiss got in a LinkedIn rap battle with Happy Cabbage Analytics CEO Andrew Watson.
• Nathan Russell, CEO of Michigan processor and co-packer The Lab, argues Jeeters are like Cheetos.

State and local:

• Seven store Colorado retailer Silverpeak is up for sale.
  MJBiz
• The group Cannabis Regulators of Color condemned the ouster of New York’s top regulator.
  Marijuana Moment
• The Tampa Times looks at why Florida REC operators are pushing so hard for November’s REC ballot initiative.
• Texas’ hemp industry is starting a new non-profit trade association spearheaded by Austin-based Hometown Hero.
  Ganjapreneur
• There’s a new push to legalize Indiana.
  WIBC
• Connecticut Gov. Ned Lamont signed significant changes to the states cannabis and hemp laws.
  CTNewsJunkie
• Ohio has cleared a path for REC sales to begin in June.
  AP
• Is the Jersey Shore ready for the weed business?
  The Daily Item
• Colorado lawmakers approved new rules including that food sales will be allowed in dispensaries.
  Westword
• Massachusetts-based Commonwealth Beacon reports on social equity businesses “sold a bag of dreams.”
• Washington state is creating a framework to pardon low level marijuana crimes.
  Reuters

International:

• Documentary “Silver’s Uprising” focuses on the costs of Israel’s cannabis policy. Read a review in Cannabis Jew magazine.
• Activists rallied in Thailand ahead of the government’s plan to re-criminalize.
  Fox5

Fun and interesting:

• Consumption space Smoke and Mirrors is gearing up to host Dead & Company fans during an upcoming residency at the Sphere in Las Vegas.
  GreenState
• LA “psychdelic soul” band Brainstory has a new animated video for XFaded off its new album Sounds Good.

State:

• A summary of Gov. Gavin Newsom’s lean budget does not include a pot tax hike.
• A psychedelics bill stalled out in committee.
  Marijuana Moment

Business:

• Statehouse Holdings said it has received a failure to file crease trade order blocking the sale of its securities in Canada.
• Glass House reported better than expected results, but still chalked up a net loss.
  Green Market Report
• Warehouse workers at distributor Nabis voted to join the Teamsters.
• Green Horizons is opening a major new cultivation facility in Rancho Mirage, near Palm Springs.
• GreenState ranked the best-selling brands in California.

Local:

• Facing a $300M budget deficit, Los Angeles may cut back its Department of Cannabis Regulation.
  KNX
• The opening of SF dispensary Rose Mary Jane now looks unlikely.
  Hoodline
• Supes in growing hub Santa Barbara County could send a new tax proposal to voters in November.
  NoozHawk
• Weed tourism is growing in the Coachella Valley.
  KESQ
• Teens on a field trip to the La Brea Tar Pits took too many edibles.
• The City of Monterey is poised to approve its first four dispensaries.

Company milestones:

• Cheech and Chong products arrived in Arizona, in partnership with Oz Cannabis and Jars Cannabis.
• Dama Financial named FundCanna a preferred partner for lending. (Both are WeedWeek advertisers.)
• Stiiizy opened a story in Fresno.
  ABC
• Gold Flora expanded its cultivation operation in Desert Hot Springs (Riverside Co.)