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In the newsletter:

• An exclusive interview with Green Dragon’s Alex Levine
• Will potency caps be a problem?

More on Friday,

Alex

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On LinkedIn, Max Simon often engages his 36,000+ followers in conversations about the cannabis industry’s pain points. As CEO of Green Flower, he focuses on one of them: the industry’s lack of standardized professional training.

Several years after Simon founded it in 2014, Green Flower pivoted from consumer to professional facing education content. Simon saw individuals attempting to break into the industry with no formal cannabis background, and companies struggling with high employee turnover and the lack of available skilled talent. “Both of those were real issues. People who didn’t know anything about cannabis were thrown into roles where they need to have a deep understanding,” Simon said. “That’s why the service at retail can be so frustrating, or product quality can be so poor.”

Read the WeedWeek Spotlight.

Politics:

• Ohio’s 2022 REC ballot initiative faces a complex process.
  Grown In
• Oakland, Calif. has referred several equity license holders to collections services over unpaid loans.
  MJBiz
• Business Insider meets 18 lobbyists pushing for federal legalization.
• Trade group U.S. Cannabis Council is hosting a Thursday, October 28 webinar, on how “UNSAFE” banking hurts equity businesses.

Business:

• The 10th anniversary of MJBizCon in Las Vegas and the new MJUnpacked conference at the other end of the Strip were the two pillars of the cannabis industry’s largest in person gathering since the pandemic began.
• A federal court will decide whether $166,000 cash from Missouri MED sales, which was seized by authorities in Kansas on its way to a Colorado credit union, should be returned.
  Topeka Capital-Journal 
• Politico explains why California’s licensed businesses can’t compete with the illicit market.
• Wall Street banks are ditching pot tests for job applicants.
  Business Insider
• MJBrandInsights interviewed Alex Pasternack, at exec at upscale multi-state brand Binske. He predicted the brand would be the Casamigos of cannabis, referring to a tequila brand founded by George Clooney and then sold to Diageo.
• A trademark lawsuit has pitted REC brand Breez against CBD brand The Breeze.
• New Cannabis Ventures says these three real estate investment trusts (REITs) point to sustained industry growth ahead.

Fun and Interesting:

• Are infused substitutes for gin, bourbon and tequila the next big thing? A company called MXXN, pronounced ‘moon’, thinks so.
  The Takeout
• The N.Y.Times‘ The Argument podcast discussed whether all drugs should be legal.

• PE shop Beringer Capital took a majority stake in media company Benzinga for undisclosed terms.
• Rapper Lil’ Kim launched brand aphrodesiac in partnership with operator superbad inc.
  Forbes
• California brand Claybourne Co. announced $17.5M in funding including a $10M Series A. Their loyalty program is called The High AF Club.
• Gift card company Birchmount Network raised a $2.5M seed round.
• Accessories company Greenlane said it would acquire vaporizer brand DaVinci IQ.

• MSO Red White & Bloom named alcohol industry veteran Chris Ecken as CFO.
• Tilray appointed Bacardi exec Blair MacNeil President, Tilray Canada.
• Canadian operator Hexo named Scott Cooper CEO. He was previously boss of Truss Beverage Co., a joint venture between Hexo and liquor giant Molson-Coors.

• Industry professional Dustin Hoxworth did some market research in Vegas.
• Enough with the red flags. @p.u.s.s.y.w.e.e.d. wants to know about your cannabis green flags.
• Amanda Reiman, founder of Personal Plants, comments on how we treat depression.
  @amandamendoaklandish
• This was probably the most liked Instagram post ever from @weedweeknews.
• Dawn of the Dank, A Flow Kana joint.

Do your part to make High Society possible: Get vaccinated.

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The Darwin cannabis lion stares down icon Tommy Chong at the MJUnpacked convention in Las Vegas last week.

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