April 20 2021,


(Photo by Drew Angerer/Getty Images)

The day after the House of Representatives passed a cannabis banking bill with bipartisan support, (not for the first time), White House press secretary Jen Psaki re-confirmed President Biden's aversion to legalization.
Reuters, Marijuana Moment

  • As legalization advocates play a waiting game on Sen. Majority Leader Chuck Schumer's forthcoming legalization bill, Psaki wouldn't commit Biden to signing a legalization bill passed by both houses of Congress.
  • Biden still supports re-scheduling cannabis, a proposal with almost no support in cannabis circles, while allowing states to make their own laws. 
  • Psaki didn't know whether Biden supported banking reform. 
  • She also hedged on Biden's promise to free "everyone" imprisoned for weed.
    N.Y. Post
  • Meanwhile, Biden's proposals could indirectly raise taxes for potcos.

Quick Hit

  1. Idaho became the final state to legalize hemp.
    Hemp Industry Daily
Courtesy of Weedmaps

AdWeek's Terry Stanley dove into how mainstream and brands shelled out big to celebrate and promote themselves on 4/20, despite the pandemic.

She writes:

Grocery store products, fast food chains, iconic sneaker makers and other mainstream brands are latching onto the unofficial celebration of all things weed.

And for cannabis marketers themselves, 4/20 is quickly becoming the equivalent of Super Bowl, Black Friday, New Year’s Eve and July Fourth all rolled into one big sales, promotional and bottom line-driving extravaganza.

  • 4/20 is traditionally the biggest pot shopping day of the year. BDSA predicts 2021 will double or triple 2020's record sales. 

Read the whole thing.

  • My local $8 burger joint offered a "$4.20 OG Fatburger... a smokin' good deal." Get it?
  • A new magazine, Black Cannabis, debuted with Whoopi Goldberg on the cover.
  • Weedmaps lit up Times Square to celebrate 4/20 and legal REC in New York.  

Quick Hit

  1. Cannabis logistics is smoking hot. So are pot stocks.
    Freight Waves, CNN
IN THE NEWS — 4/21/21

Goings on:

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