September 16 2022,

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THE BIG IDEA

Hi all,

Great to see so many of you at the Benzinga Conference in Chicago. 

ALSO, last week’s exclusive where we tested seven top California preroll brands for potency inflation is now in front of the paywall. Share it with your people.

In the newsletter:

  • Why Wana Brands left California
  • SCOOP: Stiiizy CEO Jon Avidor departs
  • Pregnant MED users face imprisonment in two states

Alex

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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

Wana Brands CEO Nancy Whiteman knows the state markets as well as anyone in weed. She has grown the company to 15 markets including Canada since launching 12 years ago in Colorado. The company is profitable in every one she said.

Last year Wana landed a $300M payment from Canada’s Canopy Growth to be acquired once it’s federally permissible. But not even Wana, best known for its gummies, could make it work in California. The company recently said it was leaving the state after not turning a profit.

I asked Whiteman what happened

PLUS:

  • Two more bullish views of California
  • SCOOP: Shryne CEO Jon Avidor departs

Read all about it…

LATEST PRESS RELEASE

Arcview Capital Announces
Arcview Capital Announces New Equity Crowdfunding Platform: Supporting Capital Raise Needs of Industry Businesses
Brooklyn, NY (Newsworthy.ai) Wednesday May 18, 2022 @ 7:00 AM Eastern — Arcview Capital today announced the launch of their equity crowdfunding platform, devoted to supporting cannabis and other adaptogenic plant-based businesses by democratizing investment in these rapidly scaling industries...
Read the full press release here

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In the news

PREGNANT CANNABIS USERS FACE IMPRISONMENT IN ALABAMA, OKLAHOMA

Following the end of Roe vs. Wade, pregnant cannabis users face imprisonment in at least two legal MED states. 

In Alabama, 23-year old Ashley Brooks spent three months in jail awaiting trial after acknowledging to police that she had smoked the day she learned she was six weeks pregnant. 

The Guardian:

  • “Pregnant women who are arrested for drug offenses [in Alabama] are not allowed to post bail and go free…They have to stay in state custody: either in jail, or in a residential drug rehab program. The logic is that the women are a danger to their fetuses”

Read the whole thing.

In Oklahoma, at least 26 women have been charged with felony child neglect since 2019 for using MED while pregnant, according to an investigation by The Frontier. 

  • It can carry a penalty of life in prison though previous defendants have pleaded guilty and received probation.
  • The number of newborns who test positive has jumped 160% since legalization in 2018.

Read The Frontier‘s story…

Meanwhile:

QUICK HITS

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