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January 25 2022,
TOGETHER WITH
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THE BIG IDEA
QUICK HITS
Politics:
- Outgoing Congressman Ed Perlmutter (D-Colo.) says he wants to get banking reform done before he leaves office. He called Senate Majority Leader Chuck Schumer’s (D-N.Y.) bid to deschedule federally a “fantasy.”
American Banker, Politico
Business:
- Credit card giant Visa is cracking down on “cashless ATMs” at dispensaries.
MarketWatch - Top VCs say they expect to see more mainstream brands enter the industry this year.
Business Insider - Here’s what you’ll find at the new Green Street incubator and restaurant, Gary Vaynerchuk’s new project in Downtown LA.
Forbes - The first Full Spectrum Conference, a virtual event focused on the LGBTQ cannabis community, begins on Friday January 28.
States:
- Rhode Island lawmakers say they’re close on a REC deal.
Marijuana Moment - With 700 dispensaries, Michigan pot shops are feeling the competition.
Grown In - Washington state’s often overlooked market is robust, despite challenges, MJBiz reports.
- Chicago Sun-Times weed beat reporters Stephanie Zimmerman and Tom Schuba will soon be on the Chillinois Podcast.
- Vermont regulators recommended lifting the state’s ban on high THC products.
Cannabis Wire
Equity:
- Former WeedWeek California editor Donnell Alexander published the first part of his four-part series on cannabis equity. I’ll discuss it once the whole thing is out.
Health and science:
- A Rutgers study concluded, “Medical cannabis companies regularly use associations with academia and academic research to imply that their products are safe and effective before these claims are causally confirmed.”
Fun and interesting:
- The Broccoli Report checks in on the intersection between love, sex and weed.
- Why is everyone smoking toad venom?
Town and Country - Leafly did lists of Cookies founder Berner’s 28 grams of game and another one on 10 trending cultivars of 2022.
COMPANY MILESTONES
- California brand Wonderbrett announced the retail launch of its Michigan partnership with Cloud Cannabis.
- CBD for pets company Companion Sciences announced a partnership with cannabinoid manufacturer Kazmira.
- Psychedelics company Eleusis said it’s going public as part of a SPAC deal with Silver Spike, the vehicle which took Weedmaps public. Since its February 2021 peak above $27/share Weedmaps stock has fallen to below $5/share.
JOB MOVES
- HR company Würk named Colton Keluche director of marketing
- Denver-based PR firm Grasslands is accepting applications for its paid diversity in marketing internship.
PRODUCT NEWS
- Boldt Drinks introduced a line of infused iced teas available in California on a direct to consumer basis.
- Megastore Planet 13 is doing a canna-themed Vans shoe giveaway. (pictured)
ON SOCIAL
- Marketer Brittany Parker takes on an old stoner stereotype.
- A new feature on Instagram makes it easier for canna-tech founder Lauren Mundell to explain her business model.
- @symbioticgenetics announced a forthcoming seed drop.
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