November 4 2022,

THE BIG IDEA

Hi all,

Like many of you, I’m getting excited for MJBiz Con. Respond to this email to invite me to your party.

In the newsletter:

  • “Astronomical” potential liability for potency inflation
  • Sean Combs buys an MSO

Plus lots more. 

Enjoy,

Alex

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WHAT YOU MISSED IN WW CALIFORNIA PRO

jeeter
DALL-E

The Jeeter Lawsuit: What’s next?

It’s not yet clear whether the proposed class action lawsuit alleging “systematic overstating” of THC content in Jeeter’s California pre-rolls will gain traction in court. If it does, lawyers tell WeedWeek we can expect to see suits making similar allegations about brands, manufacturers and potentially testing labs. 

The defendants have called the allegations “baseless and ridiculous.”

Read the story

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Disclosure: After the complaint was filed, WeedWeek received a letter from a lawyer representing defendant Dreamfield Brands demanding that we preserve documentation in light of potential future litigation. The letter alleged that “there is an issue regarding the circumstances in which testing was performed on the several Jeeter products and statements and accusations made by your publication about the knowingly flawed testing.”

WeedWeek’s response: The allegation has no merit. The test the defendant’s lab disputed was not flawed, and its result was consistent with three other tests on Jeeter products.

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LATEST PRESS RELEASE

Deep Roots Harvest Announ
Deep Roots Harvest Announces $4 Million Investment in Expanding, Updating its Nevada Cultivation Facilities
Las Vegas, NV, USA (Newsworthy.ai) Thursday Sep 22, 2022 @ 7:00 AM Mountain — Deep Roots Harvest, Nevada’s fastest-growing cannabis company, announced today it has nearly completed work on an upgrade and expansion of its cultivation facilities, including adding an...

HIP HOP MOGUL P DIDDY JOINS CANNABIZ

The hip-hop mogul who goes by Sean Combs and P. Diddy, among other names, is joining the cannabis. He’s spending $185M on production and retail assets being divested as part of Cresco Labs’ proposed $2B acquisition of fellow MSO Columbia Care.
CNBC 

  • The deal creates the country’s first minority-owned, vertically integrated multi-state cannabis company, as well as the world’s largest Black-owned cannabis company, according to a release from Combs and the companies.
  • The new company will have a presence in New York, Illinois and Massachusetts.

Additional divestitures are expected before the Cresco/Columbia Care tie up can close.
MJBiz

Read the CNBC story.

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