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Plus Products files for creditor protection
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September 13 2021,
TOGETHER WITH
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THE BIG IDEA
Hi all,
Having gotten to know quite a few of you, I can confidently say WeedWeek readers make the best colleagues.
To help you hire them, we’re proud to introduce the WeedWeek Jobs Board. It offers FREE resources, including a resume evaluation, for active and passive job seekers. It also has an attractive value proposition for employers.
In the news:
- Plus Products files for creditor protection
- When will pot stocks recover?
- Cannabiz marketing continues to normalize
Californians, don’t forget to vote in today’s recall,
Alex
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Business
When will pot stocks recover?
Business
Cannabiz marketing continues to normalize
QUICK HITS
- President Biden’s new vaccine mandate is expected to apply to the cannabiz.
MJBiz - A group of U.S. mayors called for federal legalization.
Marijuana Moment - New zoning rules would open downtown Chicago to pot shops.
Chicago Sun-Times - Mega-dispensary Planet 13 has plans to go national.
New Cannabis Ventures - PotCos are “ripe targets” for ransomware attacks.
- A former associate of Rudy Giuliani plead guilty to a campaign finance scheme involving cannabis investments.
USA Today - Massachusetts is investigating a dispute over licenses held by Gotham Green Partners.
Boston Business Journal - There have been calls for a license investigation in New Mexico.
AP - A lawyer with cannabiz ties was named to New York’s Cannabis Control Board.
N.Y. Post - Amanda Chicago Lewis reports access to rare cannabinoids for MED research is getting easier.
WSJ - The new book Runner’s High by Josiah Hesse argues cannabis use can improve athletic performance.
WSJ - New to me: Sula sells a product it calls “breathable cannabis.”
- More than 20,000 people have signed a petition asking Instagram to update its pot policy.
- California brand Cookies is participating in a proposed tv drama about the cannabiz.
Deadline
Fun stuff:
- Leafly lists the 100 best strains of all time.
- Lorde says her albums vary based on the drugs she’s using at the time.
- Respect My Region had a blast at the National Cannabis Festival.
- Check out the Cypress Hill “smoke shuttle” designed for five smokers to “leave earth.”
@cypresshill
COMPANY MILESTONES
- Slang Worldwide entered the Massachusetts market through a partnership with MSO Trulieve.
- Top-selling California edibles brand Kiva entered the Massachusetts market through a partnership with Revolutionary Clinics.
Benzinga - Leafly released new advertising tools for brands.
- Breathalyzer company Hound Labs raised a $20M Series A.
- MSO Jushi finalized a $91.2M deal to buy vertically integrated Massachusetts company Nature’s Remedy.
MJBiz - Akerna said it would acquire software company 365 Cannabis for $17M.
- Equity player 4th MVMT is ready to open its first shop in LA.
- California brand Wonderbrett is coming to Michigan through a partnership with Cloud Cannabis.
- Psychedelics company CaaMTech raised a $22M Series A.
- Psychedelics company Journey Colab raised a $12M Series A.
JOB MOVES
- Psychedelics-oriented non-profit Maps Canada named lawyer Scott Bernstein as its new executive director.
- Scotts Miracle-Gro named Cory Miller, an executive in hydroponics unit Hawthorne Gardening, as its new CFO, highlighting the importance of cannabis to the business.
- Bengal Capital associate Eduardo Cabral has an additional role as part of the venture partner program at crowdfunding platform Republic.
ON SOCIAL
- A communications coach asked if it’s OK to smoke or vape on a work Zoom?
- Cannabis beverage “fanatic” Paulo Sobral shares an “ugly truth” about the market segment.
Fun fun fun
WeedWeek High Society -- 9/14/21
Do your part to make High Society possible: Get vaccinated.
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Green Thumb Industries brass break ground on a new production facility. It’s on the grounds of a former prison in Warwick, N.Y.
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