Here’s what caught our eye this week:
- Los Angeles named 200 finalists for equity retail licenses, but it’s not clear when they’ll be able to open.
- Here’s what the new pandemic stay at home orders mean for the cannabis industry.
- The U.N. removed cannabis from its list of most dangerous drugs, and recognized it as a medicine. The move will likely accelerate MED research.
- SAFE investing: Attorney Jason Kornfeld of Mayfield Venture Law breaks down the Cannabis SAFE released by Meadow. It’s a variation of Y Combinator‘s famous start-up investment structure, developed with their permission. He says the SAFE aims “to address the regulatory complexities that come with raising money in the industry.”
- MedMen releases earnings after market close today. In October it reported revenue of $27.4M, down 40% from the previous quarter.
- A Headset report discussed the “good, better, best” pricing structure in cannabis retail.
- MSO Body and Mind said its annual financial statements will be delayed.
- Green Market Report talked to Michael Beaudry, CEO of HERBL, the largest distributor in California.
- San Francisco banned tobacco smoking, but not cannabis smoking, inside apartment buildings.
- Infused beverage sales are skyrocketing.
Los Angeles Magazine
- Whole Foods CEO John Mackey discussed how the cannabis industry is ‘changing the world.’