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How MSOs evaluate brands
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December 13 2021,
TOGETHER WITH
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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
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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
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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,
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