Hi all,

If you make your living in weed, do yourself a favor and listen to Jackie Bryant’s conversation with Emily Paxhia, co-founder of Poseidon Asset Management.

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

Enjoy,

Alex

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On the latest WeedWeek Live:

Jackie Bryant had a can’t miss conversation with Poseidon Asset Management managing partner Emily Paxhia.

WeedWeek Pro members can join the conversation at 11 a.m. PT in the WeedWeek Pro Discord community

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WeedWeek regularly links to paywalled content.

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.”
WeedWeek 

Read all about em!

Politics:

• 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. 
  Cheddar
• On LinkedIn, Steve DeAngelo tore into the Biden Administration’s lack of action.

Business:

• Cookies impresario Berner discussed his partnership with Wiz Khalifa, international expansion and his recent cancer treatment.
  Forbes
• 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. 

States:

• 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. 
  NJ.com
• Virginia Republicans filed several bills related to the state’s forthcoming REC program.
  AP
• Illinois’ Supreme Court denied a request to let the state name craft license winners.
  Chicago Tribune 
• 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.
  Columbus Dispatch
• A former Arkansas lawmaker filed the state’s third REC ballot initiative for 2022.
  Marijuana Moment
• One REC initiative in Missouri has raised more than $1.3M. Another raised less than $1,200.
  Grown In

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.

Psychedelics:

• Microdose has a guide to the different types of psychedelic fungi.
• Katy Perry performed on Saturday Night Live with some very phallic-looking mushrooms.
  Pitchfork

• Powerful, bipartisan lobbying firm Ballard Partners is launching a national cannabis practice.
  Florida Politics 

• 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. 

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