Business
How MSOs evaluate brands
December 13 2021,
TOGETHER WITH
|
THE BIG IDEA
Hi all,
Don’t forget we’ll soon be sharing your (and your clients’) predictions for 2022, so send them along if you haven’t already: hello@weedweek.com
Today in the newsletter:
- Why aren’t MSOs buying brands
- Visa warns on cashless ATMs
- Some fun stuff too
Enjoy,
Alex
*
Hiring? The new WeedWeek Careers Center offers a great value prop for employers. WeedWeek Pro members get a big discount.
Reach the most influential audience in cannabis by advertising in the self-serve WeedWeek store.
Want to learn more about email blasts, sponsored content and other promotional opportunities? Download our media kit or contact hello@weedweek.com.
*
Follow us on Facebook, Twitter, LinkedIn
WeedWeek regularly links to paywalled content.
Business
Visa warns on "cashless ATMs"
QUICK HITS
Politics:
- Sen. Ted Cruz (R-Texas) suggested marijuana possession should be prosecuted by the federal government in a legal state. He has previously defended a states’ right to legalize.
Business:
- A Viridian analyst said these seven companies are ripe acquisition targets.
Business Insider - Industry execs were bummed banking reform didn’t pass with December’s defense bill.
Green Market Report - Alan Brochstein picks the five biggest surprises for pot stock investors in 2021.
New Cannabis Ventures
States:
- Arizona sales hit a new peak in October. Colorado sales dropped for the third straight month.
AZ Monitor, MJBiz - California regulators could be deposed in the burner distributor license lawsuit filed by Catalyst Cannabis.
MJBiz - Michigan lab Viridis is calling for arbitration to reverse the recall of products it tested.
- A proposed law in New York would allow PotCos to deduct business expenses on their taxes.
Spectrum - Ahead of launching REC, New Jersey’s MED market expanded again.
Cannabis Wire - A top lawmaker said Rhode Island’s REC bill would be ready in early 2022.
Marijuana Moment - The Chicago Sun-Times found eight of nine Illinois pre-rolls it tested were above the limit for two or more microbiological contaminants.
- Where are Boston’s consumption lounges?
Boston Magazine
International:
- Malta will be the first European country to legalize REC.
Guardian - New Zealand said it would ban cigarettes.
Guardian
Health and Science:
- A psychiatrist discussed his views on legalization.
Psychology Today - Social conservative group Family Research Council opposes researching psychedelics as a medical treatment.
Fun and interesting:
- Leafly named its strain of the year. And some runners-up.
- The Onion joked about the 850-pound pot brownie.
- CelebStoner discussed the top stoner movies and tv of the year.
COMPANY MILESTONES
- In Massachusetts, Cannabis Facility Construction completed three dispensaries for Justice Cannabis.
- Israel-based GemmaCert received a new U.S. patent for testing.
- Cleveland brewery Saucy Brew Works said it would enter the Michigan REC market with a cannabis line.
JOB MOVES
- Marijuana Policy Project named Kevin Caldwell southeast legislative manager.
- Glass House Brands CEO Kyle Kazan joined the board of equity non-profit The Weldon Project.
PRODUCT NEWS
- Prrl Labs introduced The Neo, an “herbal atomizer” consumption device. (pictured)
- Weed wine brand Herbacée debuted in California.
- Raw Papers’ spokesdude tested out a new joint roller from Beed.
- Embarc dispensaries shared its “holidaze” gift guide.
- The Cannigma shared the 12 most unique bongs of 2021.
ON SOCIAL
- Fly Beverage CMO Alec Burkin breaks down beverage sales by THC content.
- Industry advisor Mitchell Osak discussed Germany and other emerging markets.
- Lindsey Bartlett posted a video montage of Hall of Flowers.
- Following her client, MariMed‘s 850-pound brownie, Alice Moon polls her audience on the value of publicity stunts. This one, she says, led to 1,500 articles and billions of impressions worth $30M in ad spend.
- Berner tested the Cookies “flame thrower.”
- Scientist and physician Ethan Russo will be “The Last DJ” on Tom Petty Radio this week.
UNDER THE CACTI EDITION
WEEDWEEK HIGH SOCIETY -- 12/13/21
Do your part to make High Society possible: Ge
*
The High Gorgeous team celebrates the beauty brand’s relaunch at the Saguaro in Palm Springs: (Left to Right) Brooke Cobos, Nitaya Chapman, Kevin Leonard, Tamara Carter, Timethy Sal, Jennifer Leal, Krystal Kitahara, Tyler Layton,
*
Send pictures for High Society to hello@weedweek.net.
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.
