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.
  MJBiz
• 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.
  MJBiz

Quick Hit

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

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.  
  AdWeek

Quick Hit

1. Cannabis logistics is smoking hot. So are pot stocks.
   Freight Waves, CNN

Goings on:

• Insiders dished on how they plan to capitalize on New York's REC rush. (Paywall) Martha Stewart, and many others, already have a toe in the market.
  Insider, Gothamist
• Connecticut's REC push is at an impasse over social equity.
  CT News Junkie
• Denver will start allowing delivery, and overhauled its social use rules.
  Westword
• Industry lender Bespoke Financial raised $8M from investors including Casa Verde Capital and mainstream shop Sweat Equity Ventures.
  TechCrunch
• Reason argues that proposals for THC caps could wipe out much of the industry. A Florida push for potency caps appears to have failed.
  Miami Herald
• A survey by MSO Cresco Labs' Sunnyside brand found one in four Americans consume cannabis, up from 16% in 2018.
  Green Market Report
• The pandemic "created the American cannabis consumer, who's not going away," Fortune writes.
• Recruiting platform Vangst put out a list of the 20 best potcos to work for.
• Canna Law Blog looked at bankruptcy trends for cannabis companies, who typically aren't eligible for federal bankruptcy protection. 
• The new Hulu series "Sasquatch" investigates whether a bigfoot killed three pot farmers in the Emerald Triangle.
  Cannabis.net
• Jaleel White, who played Steve Urkel on "Family Matters," has a new cannabis brand, ItsPurpl.
  CNN