December 3 2021,
THE BIG IDEA
Happy Friday everyone!
I’m excited to tell you about our new membership program, WeedWeek Pro. It’s a big step in our effort to grow into a community that will connect and inform the industry’s leaders and aspiring leaders.
We’re especially lucky that the great journalist Jackie Bryant will be moderating our new members-only community on Discord. In addition to sharing her deep expertise, she’ll host WeedWeek Live, an interactive interview series exclusively for WeedWeek Pro members.
It kicks off Friday, December 10 at 11 a.m. PT, with Jackie and I recapping Hall of Flowers, Palm Springs.
WeedWeek Pro costs as little as $1.44/week.
In today’s newsletter:
- SuperNet: A credit card for dispensaries
- A busy week in Washington
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A busy week in Washington
- The DEA asked a court to throw out a lawsuit filed by the Hemp Industries Association and South Carolina-based CBD company RE Botanicals. The issue, which alarmed CBD makers last year, is the agency’s view that any if transitive substance produced during the manufacture of CBD products contains more than 0.3% THC, then it is a schedule 1 drug. This includes virtually all CBD products.
Hemp Industry Daily, WeedWeek
- MSO revenue growth slowed in Q3.
- A new pot SPAC priced its NASDAQ IPO at $200M.
Green Market Report
- Industry lender Bespoke Financial closed on a $125M credit facility.
- SuperNova Women‘s Amber Senter discussed the current crisis for Bay Area businesses.
- The Humboldt County Growers Alliance said it has partnered with Origins Council giving the group, which represents legacy growers, nearly 900 licensed member businesses.
- In Illinois, unions says PotCos are resisting organization efforts.
- Most New York cities are open to dispensaries.
The Daily Freeman
- An Austin, Texas group says it has enough signatures to get decriminalization on the city’s 2022 ballot.
Health & Science:
- Dr. Nora Volkow, head of the federal National Institute on Drug Abuse, said there’s no evidence that occasional adult cannabis use is harmful.
- New opioids several times more powerful than fentanyl have caused a wave of overdoses in D.C.
- The country’s first safe-injection site opened in New York City.
- A new family of prenylated volatile sulfur compounds in cannabis has been uncovered. It appears to shed light on the plant’s skunkiness.
- A harrowing piece in The Cut discusses sexual assault against Ayahuasca tourists in South America.
Fun and Interesting:
- The psychedelic renaissance is giving rise to new kinds of electronic music.
The Hollywood Reporter
IN THE WEEDS
- Green Wednesday and Black Friday were the second and third biggest sales days of the year, according to Akerna data. And here’s lots more Green Wednesday data, from Headset, Jane, Lantern, Spring Big, Glass House Brands, TILT, LeafLink, FlowHub and Jushi.
- And here’s online wholesale marketplace LeafLink‘s November Flash data report for November.
- Data shop BDSA discusses how to turn non-consumers into consumers.
- A post at e-commerce platform Dutchie discusses the future of payments.
- MSO Jushi polled 1,000 consumers on their holiday consumption and gifting plans.
- NCIA explains why efficient POS systems are essential for dispensaries.
- Trends in alcohol purchasing are mixed after states legalize.
- Canna Law Blog says state ballot initiatives are getting harder.
- Emerge and the National Association of Cannabis Businesses are hosting the virtual Social Equity Summit on December 9.
- Investment event CannaVest West will be December 16-17 in San Francisco, during the NCIA’s Business Summit & Expo.
- Nominations are open for the 2021 ADCANN Awards celebrating cannabis marketing.
- Cannabis Travel Association International is hosting a virtual summit December 14 and 15.
- The Cannabis Chamber Awards Show is tonight in LA.
- Buy/Sell event Interchange Oregon will be January 19-20 in Portland.
- Vibes Papers released The Cali, “a game changing pre-roll” paper.
- For the holidays, California edibles brand PLUS released a sugar plum flavored gummy. (Pictured)
- Journalist Lindsay MaHarry introduces her favorite new holiday products.
- MJBrand Insights shared its favorite fall products.
- Lamborghini’s lifestyle brand plans to launch CBD products.
Green Market Report
- Some Pennsylvanians drive to Maine for affordable MED, Cartoonist Brian “Box” Brown sketches.
- Weedmaps examines some unusual pipes.
- Ben Migdal says don’t hire people who say they’re “passionate about cannabis.” A discussion ensued.
- Rare Dankness flexed 10 years after winning the Amsterdam cannabis cup.
- Max Simon, CEO of WeedWeek advertiser Green Flower, sums up why the California market is so challenging right now.
WEEDWEEK HIGH SOCIETY -- 12/3/21
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“2 On” singer Tinashe checks out some Monogram at the opening of Josephine and Billie‘s, a new black-woman owned dispensary in South LA. (WeedWeek recently interviewed CEO Whitney Beatty.)
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