May 27 2022,

TOGETHER WITH

THE BIG IDEA

Happy Memorial Day weekend all,

Let’s get to it:

  • Can WeHo become the new Amsterdam?

Plus so much more,

Enjoy,

Alex

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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

Stiiizy draft deal would stiff social equity partner: Lawyers

A draft of a deal between Shryne Group, parent of popular vape brand Stiiizy, and a social equity partner would give the partner negligible control over the business, and little chance to share in its profits, according to four lawyers who reviewed the document.

Vertically integrated Shryne is among the largest operators in California. An outside spokesperson for the company told WeedWeek that some terms in the draft deal had been updated before it was signed, but declined to provide specifics. 

With social equity deals, the initial “veneer of mutual respect and equal rights” can wear off, Andrew Kingsdale, an attorney at the Law Offices of Omar Figueroa, wrote in an email. Under the terms in Shryne’s draft, “It does not appear that Chandler will even start with equal…

Read the WeedWeek exclusive

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Follow up: Shryne and the California Cannabis Industry Association were scheduled to host a fundraiser for state attorney general Rob Bonta last night. Shryne and Bonta’s office didn’t respond to requests for comment. CCIA executive director Lindsay Robinson declined to comment.

QUICK HITS

Politics:

  • In Pennsylvania’s Senate race, Dr. Mehmet Oz, who’s heading for a recount in the Republican primary expressed reservations about legalization. The Democratic candidate, Lt. Gov. John Fetterman is very pro-legalization.

Business:

States:

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