August 8 2024,

THE BIG IDEA

Hi all,

Happy Friday!

In the newsletter:

  • Dems field first pro-legalization presidential ticket

And so much more,

Alex

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RED Vs. BLUE ON GREEN

The cannabis and mainstream media are calling the Democratic candidates Kamala Harris/Tim Walz the first pro-legalization presidential ticket. Walz is governor of Minnesota which legalized last year. Before that Minnesota was the first state to allow hemp-derived infused beverages to be sold in mainstream outlets.
MJBiz, Washington Post

Legalization is a relatively bipartisan issue, and Donald Trump is teasing support for Florida’s November REC ballot initiative. Trump’s running mate Sen. J.D. Vance (R-Ohio) has also said he opposes criminalizing low level drug offenses.
Florida Politics, Marijuana Moment

Legalization is widely popular and in general, politicians who oppose it tend not to broadcast their opposition. However, this year Florida Gov. Ron DeSantis (R) is actively campaigning against the Florida initiative. Opposition to the initiative also got a boost from Republican billionaire Ken Griffin who is spending millions to defeat it.
Tampa Bay Times

  • Opposing the REC vote is a bit of a reversal for DeSantis who quietly assisted Florida-based MSO Trulieve. Earlier this year, however, he vetoed an MSO-supported bill which would have crushed Florida’s hemp-derived industry.
    CNN

QUICK HITS

Federal:

Business:

State and local:

Health and science:

Fun and interesting:

CALIFORNIA HITS

Business:

  • The former owners of Bay Area-based delivery service Eaze sued the company on the day a foreclosure auction was set to take place for its assets. The company had anticipated that its investors would be able to buy the company out of foreclosure, without disrupting operations.
    Law360
  • The state’s infused drinks market continues to grow amid a wider industry slowdown.
    Shanken News
  • Meet Tiffany Chin, Snoop’s right hand woman at Death Row Cannabis.
    Green Market Report

Local:

Company milestones:

Equity:

Recalls etc.

  • The DCC recalled an Almora brand flower product for the presence of the mold aspegillus niger.

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