May 19 2023,

THE BIG IDEA

Hi all,

Happy Friday! Let’s get to it:

  • How can PayRio enable credit card payments?
  • Cookies plaintiff has been to court over Dutchie, MedMen
  • Frustration with New York’s equity fund

Hope you find it valuable,

Alex

*

Our advertising policy.

*

Send tips, press releases, concerns, feedback and criticism to hello@weedweek.com

*

WeedWeek regularly links to paywalled content.

WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

PayRio
PayRio CEO Aubrey Amatelli (Photo provided by PayRio)

How can PayRio enable credit card purchases?

Led by JP Morgan veteran Aubrey Amatelli, San Jose-based payments startup PayRio offers dispensaries a way to accept credit card payments. How is that possible?

Read the story…

*

The VC who’s gone to court over Cookies, Dutchie and MedMen

An entity controlled by Gron Ventures general partner Thomas Linovitz seeks to oust Berner and his allies from the Cookies board. Linovitz has also been involved in litigation over Dutchie and MedMen. 

Take a look at the cases…

TIME FOR A NEW JOB?

WeedWeek‘s new job board specializes in great opportunities at top companies.

FOLLOW to get the latest openings SENT TO YOUR INBOX FREE.

NY EQUITY LICENSEES FED UP WITH UNFUNDED STATE VEHICLE

NY Cannabis Insider reports that the team tasked with raising $150M to support equity businesses hasn’t raised any of the money. Once it is raised, the state is supposed to throw in an additional $50M. 

The fundraising team includes NBA Hall of Famer Chris Webber and executives from financial firm Siebert Williams Shank

A group of equity licensees have sent a letter to state regulators about the state’s Dormitory Authority, which selected the fund managers, alleging an “alarming and unacceptable” lack of communication and transparency. 

Read the story…

QUICK HITS

Federal:

Business:

State and local:

Health and science:

Psychedelics:

International:

  • Despite international criticism, Singapore executed another man for trafficking weed, about three pounds.
    AP

Fun and interesting:

Was this email forwarded to you?

SIGN UP

View our privacy policy here.