July 6 2021,



In Forbes, Will Yakowicz calls the fight over Delta-8 THC, an intoxicating cannabinoid which can be derived from hemp, "a battle for the future of the cannabis industry."

The products containing Delta 8 are widely available in smoke shops and gas stations in states where REC and MED aren't legally available or are hard to find. About a dozen states, some of which have legalized, have banned Delta 8.

  • “I see it as a fight for the future of cannabis,” said the founder of a Texas-based company. “For anyone trying to limit this, taking on that prohibitionist stance—whether they’re motivated by business interests, political or religious—is really just fighting against cannabis.”
  • Joe Bayern, CEO of mega-MSO Curaleaf takes an opposing view: “I think it should be framed as one of the most high-profile health risks available in the marketplace today,” says Bayern. “The fact that these products are showing up completely unregulated and untested in mainstream channels, available to anybody, including children, is an incredibly dangerous proposition that needs to be addressed.”
  • Some states are trying to split the difference by legalizing it as long as it passes through the regulated market.

Read the whole thing.

Prominent lawyer Robert Hoban called Delta-8, "a tale of American ingenuity."

  • SCOOP: Hoban's firm, Hoban Law Group, is being acquired by Clark Hill. Hoban (the attorney) told WeedWeek he would lead the merged firm's global cannabis group.

Weed lit up the Internet this holiday weekend after we learned 21-year old Sha'Carri Richardson would be barred from running the 100-meter dash at the Tokyo Olympics after she tested positive for THC. 

Richardson, one of the fastest female sprinters in history, said she smoked to cope with the death of her mother. As part of her one month suspension, she had to complete a counseling program.


The Parent Company, said it would terminate an announced $50M investment for 6.2% of California-based grower Glass House Group.

  • In a statement to WeedWeek, Glass House CEO Kyle Kazan wrote, "While the investment portion of an agreement with TPCO was negotiated in May, we then faced the task of working out a 10-year offtake and retail agreement in less than a month, in order to meet our closing date. That proved a bit too ambitious, and since we did not need it, we went without it. This does not change Glass House’s plans."
  • A statement from The Parent Co. didn't give a reason for ending the deal.

Quick Hit

  1. Analyst Alan Brochstein says the bullish thesis for pot stocks is playing out.
    New Cannabis Ventures
IN THE NEWS — 7/7/21

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