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January 31 2022,
THE BIG IDEA
From investing for over a decade, Paxhia has an incredible depth and breadth of knowledge and she isn’t afraid to say what’s on her mind.
In the newsletter:
- Three court cases to watch
On the latest WeedWeek Live:
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THREE COURT CASES TO WATCH
The cannabiz still exists, in large part, in a world of legal gray areas and ambiguities.
But three very different court cases — in California, Arizona and Maine — which made news this week do a good job capturing the cannabiz’s singularly bizarre legal situation. Taken together, they show how far the industry has come, and how far it still is from “normal.”
- Outgoing lawmaker and industry ally Rep. Ed Perlmutter (D-Colo.) added a safe banking bill to the America COMPETES Act, a big domestic spending bill. Several weeks ago it was unsuccessfully tacked on to a big defense spending bill.
Financial Regulation News
- A poll found most Americans would be willing to vote for a REC smoker.
- On LinkedIn, Steve DeAngelo tore into the Biden Administration’s lack of action.
- Cookies impresario Berner discussed his partnership with Wiz Khalifa, international expansion and his recent cancer treatment.
- New Cannabis Ventures discusses what to expect during Q4 earnings season. (Ahead of Canopy Growth‘s report, frequent critic Rob McPherson went to town.
- Dot.La looks at how beverage companies are using NFTs to build their brands.
- Business Insider meets some of the lawyers getting rich in crypto and weed.
- Cannabinoid company Tenacious Labs put together a cool infographic comparing the cannabis and alcohol industries.
- Canna Law Blog has a list of 10 must haves for businesses in 2022.
- A new bill in California, aimed at curbing the illegal market, would make it a felony to grow more than six plants without a permit. Cannabis activists decried the move.
- New Jersey’s REC market is unlikely to open this month, as the state misses a key deadline.
- Virginia Republicans filed several bills related to the state’s forthcoming REC program.
- Illinois’ Supreme Court denied a request to let the state name craft license winners.
- A senior New York regulator said final rules should be out by late spring.
WBFO (NPR Buffalo)
- Ohio legalization activists have gathered enough signatures to force the legislature to take up REC legalization.
- A former Arkansas lawmaker filed the state’s third REC ballot initiative for 2022.
- One REC initiative in Missouri has raised more than $1.3M. Another raised less than $1,200.
Health and Science:
- The Cut goes long on “Weed’s last taboo: pregnancy.” Use during pregnancy and while breast feeding is way up, despite a lack of understanding about the risks.
- High Times CEO Peter Horvath has departed the company. Interim CFO Paul Henderson has been appointed CEO. The company also extended its long-running crowd-funding offering.
Green Market Report
- Cannabinoid company Trait Biosciences said CEO Peter McDonough is retiring. The company promoted Hanny Kanafani, Ph.D. to COO.
- AgTech shop Biome Makers named Sarah Basiri global head of marketing.
- Edibles maker Kiva named a new gummy for the supply chain crisis. (Pictured)
- Dark Heart Industries released what it calls the “world’s first intrinsically seedless cannabis for commercial producers.”
- Former “porn pastor” Craig Gross has launched Christian Cannabis, a line of high-CBD, low-THC products.
- The Cannigma has a new hoodie.
- Honeybee Collective co-founder Chris Becker has a new name for pot shops in limited license states.
- Attorney Heather L. Burke shared a snapshot of herself from 1996.
We all hope WeedWeek High Society will return soon. If you’ve got party pics, send them to email@example.com
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