November 15 2021,
THE BIG IDEA
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In today’s newsletter:
- LeafLink reveals top brands of 2021
- GOP bill upends legalization calculus
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GOP BILL UPENDS LEGALIZATION CALCULUS
Cannabis politics just got a lot more interesting.
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.
- 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.
- 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.“
- An Ohio bill would significantly expand the state’s MED program.
- Legalization advocate Nicholas Scutari is the new president of the New Jersey state senate.
- 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.
Health and Science:
- Research has found heavy cannabis use may be linked to heart attacks in young adults.
- THC breathalyzers are getting better. But Inverse suggests they could do more harm than good.
- 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.
- A new civil lawsuit in Mendocino County accuses local and state cops of corruption and theft during pot seizures.
- In Canada, a study found legalization has not led to an increase in traffic injuries.
- Unfounded fears of heroin-laced weed, could accelerate REC legalization in Germany.
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.
- 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.”
- 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.
- 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.
- 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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