Business
Harborside acquiring Urbn Leaf and Loudpack
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November 29 2021,
TOGETHER WITH
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THE BIG IDEA
Hi everyone,
I hope everyone had a happy, restful holiday and is ready for the December sprint. At WeedWeek, we’re rolling out something big, so keep an eye out for that too.
In the newsletter:
- Harborside deal creates a big California player
- Others in the Golden State are calling for tax relief
Enjoy,
Alex
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TOGETHER WITH
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Politics
Some Calif. cos. call for tax relief
QUICK HITS
Politics:
- Dept. of Veterans Affairs secretary Denis McDonough said he is “looking at” a MED policy change following a “profound” conversation with a veteran.
Marijuana Moment - Legalization had it’s best year ever in state legislatures.
Marijuana Moment
Business:
- MSO MedMen prevailed in its legal battle against its former CFO.
- MSO Trulieve released its inaugural Environmental, Social and Governance report.
- At New Cannabis Ventures, Alan Brochstein discusses a “challenging” Q3 earnings season, and how investing in the sector has become more nuanced.
- Andrew DeAngelo says now’s the time to get branding right.
- Business Insider seeks nominations for the most influential woman in psychedelics.
States:
- A Massachusetts poll found 61% agree legalization has been good for the state.
UMass - Michigan’s Viridis Labs is suing the state after a major recall alleged unreliable results.
Insurance Journal - California is rolling out an effort to standardize testing statewide.
MJBiz - New Jersey’s REC law funds controversial police methods.
NJ.com - South Dakota’s supreme court nullified the state’s voter-passed ballot initiative. Cannabis Wire explains what’s next.
Health and Science:
- Dr. Sanjay Gupta’s Weed 6, a new MED documentary focused on autism, is out on CNN.
- The American Psychiatric Association is reportedly working on a statement that “notes the research on psychedelics is promising but does not yet recommend anyone take them outside of a clinical trial.”
N.Y.Times - A pundit calls for drug-testing pregnant women.
International:
- Germany is legalizing REC. But beware of premature sales projections. Here’s another warning about them, from Matt Lamers of MJBiz.
N.Y. Times, Yahoo Finance - The Taliban’s announcement that they’re going into the Australian hash business was apparently a joke.
Forbes
Fun and interesting:
- Jennifer Lawrence said she got high on the set of Don’t Look Up, to play a character who gets high.
Yahoo!
COMPANY MILESTONES
- MSO Ayr Wellness unveiled its new corporate brand identity.
- REIT Chicago Atlantic set the price range for its NASDAQ IPO.
- In a video, California- based Glass House Brands showed off its new 5.5M square foot greenhouse.
JOB MOVES
- New Mexico tapped former Columbia Care lobbyist Kristen Thomson as the state’s top regulator.
Santa Fe New Mexican - Eduardo Cabral, formerly of Bengal Capital, is joining the Obran Cooperative as Corporate Development Manager.
PRODUCT NEWS
- Trulieve launched TruTonic, Florida’s first infused drink powder.
- Vaseline released a new hemp seed lotion.
- High fashion brand Comme des Garçons released Ganja perfume, pictured. “The woody herbacious scent packs a punch,” says High Snobiety.
- TechCrunch finds 9 high-tech smoking devices.
- The Prototype Shop has a new line of 3D printed smoking accessories.
- Rolling paper brand Zig-Zag is launching a content studio.
- Social media marketer Alice Moon has a new course on launching an influencer campaign.
- Malt liquor brand St. Ides, has a new cannabis line.
- Canada’s Pure Sunfarms is selling a gingerbread greenhouse.
- The L.A. Times lists the 29 best self-care gifts for stress.
ON SOCIAL
- Attorney Jeffrey Hoffman did some back of the envelope math on how big the New York Market could get.
- Rob McPherson won’t stop savaging Canadian LP Canopy Growth. Canopy Growth didn’t respond to requests for comment.
- Aaron Raskin explains why the MSOs aren’t too big to fail.
- Greg Welch highlights the advocacy work of CannaMommy.org founder Kelley Bruce.
- A.C. Moon says the legacy market is “frustrated with Commercial Cannabis.“
Exercise edition
WEEDWEEK HIGH SOCIETY -- 11/30/21
Do your part to make High Society possible: Ge
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These images come from Runner’s High, a 4.20 mile run and cannabis conversation in New York City. Higher Standards and Rage and Release, a collective of cannabis advocates and athletes, hosted in November.
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Send pictures for High Society to hello@
Pics should be between 600 and 1000 pixels long and wide. Each should include the name and affiliation (if relevant) of everyone pictured as well as the event’s name, date and location. Ideally submit several pics so we can pick our favorites.
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