Health & Science
Weed vs. brain cancer, a new study investigates
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August 5 2021,
THE BIG IDEA
Happy Friday!
Fascinating read for you today. Notably, there’s news that U.K. scientists will study whether a cannabis-derived drug can help fight a deadly type of brain cancer.
Plus, I pulled out the choicest nuggets from an interview with Ayr Wellness CEO Jon Sandleman.
Look out for:
- Weed vs. brain cancer
- Montana officials propose a tough ad rule
- Ayr wants to be “Target” of weed
PLUS, Caesar the no-drama therapy llama!
Enjoy,
Alex
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TOGETHER WITH
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Business
Montana regulators propose ad ban
Ayr wants to be "Target" of weed
The very acquisitive MSO Ayr Wellness (pronounced: air) is one of the hottest pot stocks on Wall Street.
Cannabis Business Executive has a good interview with Ayr CEO Jon Sandleman, a former president of Bank of America’s security business, on his plan to build Ayr into the Target of weed: “The best quality product consistently and affordably. Affordable luxury.”
My LinkedIn feed is cluttered with execs talking up the plant’s benefits. Here, Sandleman frames the issue differently:
- “One of the things I loved about this [business] is that as an investor this industry has the broadest diversity of consumers I have ever seen other than with one other product; sugar. Kids like sugar, moms like sugar, middle aged guys like me like sugar, old people, everyone loves sugar in some form or another.”
TOGETHER WITH
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QUICK HITS
- The bipartisan infrastructure bill under debate in Congress, includes a number of cannabis reforms.
Marijuana Moment - Cannabis Wire asked what Gov. Andrew Cuomo’s renewed difficulties could mean for the new REC market.
- Once again, a U.S. tax court upheld industry hated tax rule 280E.
- The American Cannabis Operator [stock] Index fell for the fifth straight month in July.
New Cannabis Ventures - A federal judge ruled a cannabis brand’s logo is too similar to the Kool cigarettes logo.
Ganjapreneur - Illinois’ newest license holders have to compete against some of the biggest MSOs. Also, three entities reportedly connected to MSO Justice Cannabis sued regulators claiming they were wrongfully excluded from the state’s lottery.
Chicago Tribune, MJBiz - A pro-industry lawsuit accuses Oklahoma of violating public meeting laws in implementing several reforms earlier this year.
The Oklahoman - Wyoming activists are collecting signatures for MED and decriminalization ballot initiatives in 2022.
Casper Star Tribune - A Pennsylvania coal plant has been repurposed as a MED grow.
Bloomberg
Fun stuff:
- WeedWeek doesn’t usually accept gifts, but we made an exception for Daisy.
- Here are 50 groan-worthy weed puns.
Parade
IN THE WEEDS
- Consultancy EY released a report forecasting big things for the cannabiz.
- Cannabis Business Times explains how to navigate a state regulatory investigation into your business.
- An executive with Stratos discussed how cannabis is mirroring pharma.
- MJBiz talked to Dale Katechis, a celebrated craft beer impresario who just went green, about what cannabis can learn from beer.
- Attorney David B. Feder asked what a New York license is worth?
- BDSA reviewed wins and misses for live resin concentrates.
- Len Tannenbaum, CEO of cannabis lender AFC Gamma, discussed his business.
Bloomberg - Aria Diana Biswas, head of experiential marketing at cannatech shop Meadow, discussed “synergies in brand and dispensary marketing.“
Muse by Clio - The Tax Foundation anticipates pot taxes will increase in 2021, up from $1.7B in state excise taxes last year.
- YouTube channel Talking Hedge looked at what inflation means for weed.
UPCOMING EVENTS
- The Cannabis Sustainability Symposium will be held virtually on August 18 and 19.
- MJBizCon will be October 20-22 in Las Vegas.
- The Women in Cannabis Expo will be September 27-29 in Reno, Nev.
- Canna Cabana, a poolside evening in the San Fernando Valley to benefit Sophie Ryan’s clinical trial, will be on August 14.
- The Cannabis Clinicians Lounge, a monthly discussion, will be on August 12 with Mary Clifton MD, founder of CBDandCannabisInfo.
- New York Cannabis Insider is hosting a virtual conference on the Empire State’s business climate. It’s on October 28.
- The Stone Age, “New York City’s premiere immersive, multi-sensory [non-consumption] cannabis experience” opens on September 15. The Last Prisoner Project is a partner.
NO DRAMA LLAMA
WEEDWEEK HIGH SOCIETY -- 8/6/21
Do your part to make High Society possible: Get vaccinated.
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“The legendary and beloved therapy llama” Caesar the No Drama Llama made an appearance at East Fork Cultivars‘ Hemp Bar store and cafe in Portland, Ore. Here he is with Hemp Bar cannaristas: Hannah Gastaldi, Shawntá Santacruz, Amy Speciale, and Lauren Huddleston.
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