March 10 2022,
TOGETHER WITH
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THE BIG IDEA
Hi folks,
Here at WeedWeek HQ we’ve got some exciting changes in store. I’m excited to tell you more, but not quite yet.
Enjoy the issue,
Alex
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SCOOP: TOP LA REGULATOR STEPPING DOWN
Cat Packer, the first executive director of the Los Angeles Department of Cannabis Regulation(DCR), is stepping down after nearly five years at what might be the hardest job in American weed.
A spokesperson for Mayor Eric Garcetti’s office confirmed to WeedWeek that Packer is leaving to pursue other professional opportunities. “We’re sad to lose her, but the Mayor is deeply grateful for her service.”
QUICK HITS
Federal:
- Banking reform wasn’t included in $1.5T spending bill passed by both houses of Congress this week.
CNN
Business:
- Many observers see the industry shaping up as a “David vs. Goliath” struggle.
MJBiz - Covid has been very good for vice industries.
Forbes - Software company Metrc announced it had a contract for New Jersey’s track and trace system. It’s Metrc’s 18th state.
- Some in the cannabiz have welcomed Amazon’s support for legalization, but the company is not popular in President Biden’s Washington.
- A new report from HR company Vangst details industry salaries.
Forbes - Delivery app Eaze introduced the third cohort of its Momentum equity accelerator program.
WeedWeek - Fast Company named Riff City Strategies. Tripp and Rose Los Angeles among its most innovative companies.
Benzinga
States:
- New York said it would award the first hundred retail licenses to people who’ve been convicted of pot crimes, or their families. Stores could open by the end of the year.
N.Y.Times - New Jersey governor Phil Murphy (D) says REC sales could begin within weeks.
- A Delaware REC bill failed to get the 3/5 supermajority it needed to clear the state House.
WDEL
Health and Science:
- The Cannabis Scientist asks what’s really inside Delta-8 vapes and the results aren’t pretty.
Psychedelics:
- Johns Hopkins, Yale and NYU are partnering on a program in psychedelics psychiatry.
Business Insider
International:
Fun and interesting:
- Mike Tyson said he “died” after tripping on psychedelic toad venom.
IN THE WEEDS
- Headset shared its North America market overview for March.
- Recruiting firm Y Scouts’ podcast interviewed Wana Brands CEO Nancy Whiteman.
- Cannigma boss Elana Goldberg moderated a session on cannabis NFTs.
- The Broccoli Report asks when do founders get paid?
UPCOMING
- The Cannabis Travel Association is hosting a virtual advocacy event on March 25.
- Green Entrepreneur‘s Green Growth Summit is April 6 in Chicago.
- Spannabis is this weekend in Barcelona.
- The New England Cannabis Convention (NECANN) is March 18-20 in Boston.
- CannaCon lands in Oklahoma City on March 31.
PRODUCT NEWS
- Massachusetts-based MSO MariMed has a new infused, powdered energy drink mix called Vibations.
ON SOCIAL
- Amanda Reiman hopes you’ll take a cannabis marketing survey.
- @boxbrown diagrams the brands controlled by leading MSOs Trulieve, Green Thumb Industries and Curaleaf.
- Lindsey Renner of Native Humboldt Farms posted a cool video to celebrate he partnership with Cookies.
- MediaJel exec Guillermo Bravo highlights a Ukrainian refugee who became an instant stoner legend.
- Arthur Pitt of RedTape Ventures celebrated his first NFT drop for brand Cali Stripe Concentrates.
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