After an ignominious departure, chronicled at length in Politico, MedMen co-founders Adam Bierman and Andrew Modlin are working in cannabis again. MJBiz scoops that they've found a new professional home at Coastal Dispensary which holds licenses in SoCal and along the central coast.  

• Coastal is co-owned by Josh Ginsberg who co-founded Denver chain Native Roots.
• “It’s building the retail identity. I think it’s putting together the brand and stuff like that. They’re trying to grow and scale,” said a former Coastal contractor.
• The reaction from industry professionals have been mixed. Some are outraged after they left MedMen in dire straights, others say Bierman and Modlin should be welcomed back.
• MJBiz couldn't reach them for comment.

Time to burn? Read all about it. 

Senate Majority Leader Chuck Schumer (D-N.Y.) and his colleagues Sen. Ron Wyden (D-Ore.) and Sen. Cory Booker (D-N.J.) are working on a bill to end federal marijuana prohibition.

However, in a Senate evenly divided between Democrats and Republicans, there could be significant differences between the bill progressives want and a bill that has a chance of becoming law. The gap between the ideal and the reality has split legalization supporters in Washington.
WeedWeek 

Virtually all legalization supporters, including industry groups, claim to support social justice and equity measures as part of legalization. The question dividing advocates in Washington is whether legislation like the SAFE Banking Act -- which does not include any social justice elements -- is worth supporting if full legalization isn't immediately realistic. 

Read the whole thing.

What's happening:

• Jason Wild, whose cannabis investments helped his hedge fund JW Asset Management return 146% last year, shared his six favorite pot stocks. "I'm as bullish as ever" on U.S. operators, he said. (Paywall) 
  Business Insider
• Detroit is the latest jurisdiction to see an equity-related lawsuit.
  The Detroit News
• MSO Columbia Care anticipates 2021 revenue of more than $500M. 
• After a slow down, data firm BDSA saw substantial sales growth in January, powered by demand for flower.
  New Cannabis Ventures
• Peter Thiel-backed medical psychedelics company Atai Life Sciences raised a $157M Series D at a valuation around $2B.
  Bloomberg
• Union organizing is surging among cannabis employees.
  MJBiz
• The New Hampshire Supreme Court ruled that an insurer must compensate a man who sustained a workplace injury, for his MED costs.
  AP  
• Pushes to limit the THC content of cannabis products are gaining momentum.
  Forbes
• An ad campaign from Jay-Z's Monogram brand points out that REC is illegal in states where law-abiding citizens can have sex with farm animals.
  Fast Company
• Investing Daily discusses the rise of the celebrity canna-preneur. 
• Charlotte's Web made a deal to enter the cannabis industry (paywall) upon legalization. Meanwhile, there will be a concert to honor Charlotte Figi, the girl who inspired the CBD movement before she died at 13.
  Law360, CNN
• Canna Tech Today finds six must-follow weed-fluencers.