Business
LeafLink reveals top brands of 2021
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November 15 2021,
TOGETHER WITH
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THE BIG IDEA
Hi everyone,
It’s taken a few years, but WeedWeek now owns the domain WeedWeek.com. You can email me at alex@weedweek.com.
So, what are you waiting for? Send pictures from your latest industry event and I’ll post favorites in our High Society section.
In today’s newsletter:
- LeafLink reveals top brands of 2021
- GOP bill upends legalization calculus
Enjoy!
Alex
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TOGETHER WITH
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GOP BILL UPENDS LEGALIZATION CALCULUS
Cannabis politics just got a lot more interesting.
WeedWeek
Following Senator Majority Leader Chuck Schumer’s (D-N.Y.) bill this summer, Freshman Congresswoman Nancy Mace (R-S.C.) has filed a rival bill she’s presenting as a centrist approach to federal legalization.
No matter what it means for the industry, or legalization, it looks like a sharp political move. With Republicans heavily favored in next year’s mid-terms, it co-opts an issue that could have benefitted Democrats.
QUICK HITS
Business:
- Business Insider looks at why big time investors prefer software to plant touching companies. Cannatech companies have raised $1.6B this year.
- All the cool kids say pot is about more than THC. Now a new study says THC content isn’t even a good indicator of potency. Expect THC levels and price to remain the most important factors influencing consumer choices.
Forbes - Columbia Care and Trulieve reported earnings.
- Architect asks if hemp is the next disruptor in construction.
- Smith Corona finds “13 women defying the industry shutout.“
State News:
- An Ohio bill would significantly expand the state’s MED program.
Columbus Dispatch - Legalization advocate Nicholas Scutari is the new president of the New Jersey state senate.
AP - Michigan sales had a record October. Colorado sales did not have a record September.
New Cannabis Ventures, Westword - The Mississippi legislature appears unlikely to hold a special session to legalize MED.
WLBT
Health and Science:
- Research has found heavy cannabis use may be linked to heart attacks in young adults.
Medical Express - THC breathalyzers are getting better. But Inverse suggests they could do more harm than good.
Crime:
- J.T.Burnette, husband of Trulieve CEO Kim Rivers, was sentenced to three years in federal prison. Read more about his public corruption case. Trulieve was not accused of wrongdoing.
Tallahassee.com, WeedWeek - A new civil lawsuit in Mendocino County accuses local and state cops of corruption and theft during pot seizures.
NBC
International:
- In Canada, a study found legalization has not led to an increase in traffic injuries.
Vancouver Sun - Unfounded fears of heroin-laced weed, could accelerate REC legalization in Germany.
Vice
Fun and interesting:
- Mary Carreon’s Kitchen Toke article on the Spirit of Hash, features one of the last interviews with Frenchy Cannoli.
- Respect My Region checks out some of the best-selling affordable brands at DTPG in DTLA.
- Enjoy the new red band trailer for The Freak Brothers.
COMPANY MILESTONES
- Connecticut awarded its compliance software contract to Forian and partner Consultants Consortium.
- Michigan-based Lume hired its 1,000th employee and opened its 26th store. It claims to be the largest SSO in the country.
- California-based, vertically-integrated, Perfect Union acquired manufacturer Bonsai Brands.
- TILT Holdings expanded its partnership with “inhalation product” company Airo into Massachusetts.
- Psychedelics company Numinus Wellness is partnering with MAPS to study MDMA as a treatment for PTSD.
- Marketing firm Hawke Media is accepting pre-orders for its new book, “The Hawke Method.”
JOB MOVES
- MSO Ascend Wellness Holdings named Danielle Drummond VP, social equity.
- The National Cannabis Industry Association announced a slate of new board members.
- Bongmaker Puffco named Stuart McFaul CMO and Joy Huffman CFO.
- MedMen appointed financial turnaround specialist David Hsu and former JC Penney CFO Ed Record to its board. Viola CEO Al Harrington and consultant Nicole Christoff departed the board.
- Michigan’s top regulator Andrew Brisbo was voted the new president of the Cannabis Regulators Association.
- Mike Tyson’s brand Tyson 2.0 named its board of directors.
PRODUCT NEWS
- Hitoki released version two of the Trident, it’s laser combustion smoking device. In black (pictured) or rose gold it’ll set you back $500. In 24-carat gold, $650.
- Stiiizy has a new line of sour gummy triangles.
ON SOCIAL
- OG Humboldt grower Kevin Jodrey tells the story of a “last plant standing,” rare genetics from Afghanistan. “This particular plant reeks with a rich scent of pistachio paste, bitter cherry and rose oil.”
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High Society will return soon. Send pics to hello@weedweek.com.
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