August 19 2022,

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THE BIG IDEA

Hi all,

This week I reviewed “Can Legal Weed Win: The blunt realities of cannabis economics,” by Robin Goldstein and Daniel Sumner. In makes some predictions that some in the cannabis community may find hard to hear. I sure did. 

  • Two economists’ dismal view of legalization

Cheer up, it’s Friday,

Alex

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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

economics

Until its heartstopping seventh chapter — “Legal Weed in 2050” — many cannabis executives will find themselves nodding along with “Can Legal Weed Win: The blunt realities of cannabis economics,” by UC Davis economists Robin Goldstein and Daniel Sumner.

Then, as if cresting the peak of a roller coaster, readers may find themselves holding their stomachs and questioning their life choices. I certainly did.

Goldstein and Sumner, against all industry predictions, expect weed sales to shrink, by a lot. 

Ignore them at your peril

LATEST PRESS RELEASE

Cannabis Expo Returns to
Cannabis Expo Returns to East Hampton on August 20 with Record Sponsorship and Expanded Programming
East Hampton, NY (Newsworthy.ai) Wednesday Jul 13, 2022 @ 12:45 PM Central — The 5th annual Cannabis Expo (CanXpo) returns to East Hampton, NY on Saturday, August 20th, 2022, and features an impressive line-up of speakers focusing on the themes...
Read the full press release here

LATEST PRESS RELEASE

CannabisRadio.com Launche
CannabisRadio.com Launches a Psychedelic Vertical to Bring Awareness To Psychedelic Therapies
Fort Lauderdale, Florida (Newsworthy.ai) Tuesday Aug 2, 2022 @ 11:00 PM Central — CannabisRadio.com, the world's largest online radio network for the legal cannabis industry, announced the launch of a new Psychedelics vertical that aims to bring light to and...
Read the full press release here

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PUSHBACK GROWS AGAINST TRULIEVE-BACKED FLORIDA REC PLAN

A proposed 2024 Florida REC initiative supported by MSO Trulieve has attracted pushback from some legalization activists.
Miami New Times

  • “No home grow, the entire Florida recreational market handed to the existing medical market, and the legislature doesn’t have to license anyone else,” attorney and drug policy activist Shaleen Title tweeted. “Congratulations to Trulieve on one of the most revolting, monopolistic measures yet. Good Luck.”
  • Here’s cartoonist Brian “Box” Brown’s take.

Trulieve CEO Kim Rivers told Miami New Times that the company supported all REC measures. However, it has backed this one with $5M, far more than the $250,000 it gave to a 2022 proposal that included homegrow.

  • “The clear reading of this is that the state can create new licenses and players in to the market…the amendment even gives a 6-month lead time to do so,” a Trulieve spokesperson told MJBiz.

Read the whole thing

QUICK HITS

Federal:

  • With the clock ticking on this Congress, Cannabis Regulators of Color Coalition published a paper with 10 recommendations for how a banking bill can be more equitable.
    Marijuana Moment
  • In a Maine lawsuit, a federal appeals court found 2-1 that cannabis markets are legal enough to be governed by the Constitution’s  commerce clause. While this isn’t close to a green light for interstate trade, it’s a nod in that general direction.
    Courthouse News

Business:

State and local:

Fun and interesting:

  • Leafly checked out the scene at the Transbay Challenge IV in LA, boasting some of the best weed in California.

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