December 16 2022,

THE BIG IDEA

Hi all,

It’s been a rough year for the cannabiz. So, if you’ve got some good news to share from your organization or the industry in general pass it along. I’ll try to include some favorites in next week’s issue. News that isn’t overtly self-promotional will receive priority.

In the newsletter:

  • Inside Dutchie’s “civil war”
  • Does CBN help with sleep?

I hope you find it interesting,

Alex

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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

cbn
https://www.kivaconfections.com/blog/cbn-the-stuff-that-dreams-are-made-of

Does CBN help with sleep?

As brands struggle to differentiate themselves, a number have added so-called “minor cannabinoids” to their products. These compounds are derived from the plant, like THC and CBD, but less familiar to both consumers and scientists. They include cannabigerol (CBG), the so-called “mother cannabinoid” because other cannabinoids stem from it, and THC-V, which several brands tout as an appetite suppressant.

Thus far, the most successful minor cannabinoid has been cannabinol (CBN), which several brands suggest has benefits for sleep. East Bay-based Kiva Confections released its Midnight Blueberry Camino Gummies in 2019. It was the first CBN edible, Kiva’s web site says, and became the company’s best-selling product, “by far,” (emphasis theirs).

It’s the second-best selling edible in California, according to Headset.

Customers pay a couple bucks extra for CBN because, as the Kiva web site puts it, “There are early indications that CBN is a powerful sedative, especially when combined with THC.” The Midnight Blueberry gummies each contain 5 mg of THC and 1 mg CBN. “It works really well and you don’t need a lot,” Kiva co-founder Kristi Knoblich Palmer told WeedWeek in early 2021. “It’s important to use in moderation because it can make people groggy.” She didn’t have data to share.

What does the science say?

Inside Dutchie's "Civil War"

Dutchie co-founders Ross and Zachary Lipson are suing the company claiming they were the victims of a conspiracy to remove them. Forbes goes inside the e-commerce platform’s  “civil war” as the Lipson brothers try to get a judge to reinstate them as CEO (Ross) and Chief Product Officer.

In the lawsuit they allege they suffered a “blatant ambush” during a late November board meeting when they installed executive chair Timothy Barash as CEO.

  • “Forbes has also learned that Dutchie had been approaching direct competitors with offers to merge.”
  • Dutchie’s counsel said the Lipsons’ suit is “absolutely without merit.”
  • The company’s burn rate was multi-millions of dollars a month, an investor said. “There’s a level of acceptability.”

Read the story

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