WeedWeek edition / February 02, 2021
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1 “CASH IS KING AGAIN,” AS DEALS HEAT UP

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(Photo by Spencer Platt/Getty Images)

In January, North American cannabis companies raised close to $1B. Insiders widely expect this tidal wave of capital to accelerate the industry consolidation which gained momentum in Q4. 

“I would characterize the climate as very optimistic," said Sander Zagzebski, a deals attorney at law firm Greenspoon Marder, which has a large cannabis practice. He anticipates Q1 will be “very good,” and the summer to be even better. 

In an interview with WeedWeek, Zagzebski discussed how cannabis mergers have changed since the last bubble, and th shifting calculus, now that federal legalization could be imminent.

Read the whole thing. 

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Meanwhile, key Democratic Senators, including Majority Leader Chuck Schumer (D-N.Y.) are calling for an end to federal prohibition in 2021. That's not necessarily what leading multi-state operators (MSOs) want.
Marijuana Moment, WeedWeek

Quick Hit

  1. At Forbes, Chris Roberts predicts a "GameStop moment" for pot stocks.

2 ON BRAND: MARKETERS TAKE CONCENTRATES MAINSTREAM

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Courtesy Seed & Smith

In her new On Brand column, Jackie Bryant looks at how marketers are expanding the consumer base for concentrates beyond the heaviest users:
WeedWeek

Ancillary product companies are adjusting their product lines for the concentrates boom. Daily High Club, the monthly paraphernalia box subscription service, offers an “Ultimate Concentrates Dab Kit,” which retails for $120, far less than it would cost a dabbing neophyte to pick up a glass rig, quartz banger, torch, and other accessories a la carte. 

Inhale it all.

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"On Brand" is brought to you by Mattio Communications.

Quick Hit 

  1. On the other hand, the vape pen market has sagged.
    MJBiz

3 WHY ARE ONLY 8% OF CANNABIZ CEOS WOMEN?

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The cannabis industry has a gender parity problem. 

According to a recent survey, California delivery app Eaze found that women accounted for 48% of new customers in 2020, up from 38% in 2018.

  • Attracting female consumers has long been a yardstick for the industry to measure its progress towards mainstream acceptance.
  • However, men continue to dominate in the leadership positions that command the highest salaries and set the industry’s future course.
    WeedWeek

The power differential isn’t just a matter of optics or doing the right thing, argues a new white paper from The Arcview Group investor network and the National Cannabis Industry Association. Compelling data suggests companies with women in leadership roles make more money.

Will the industry adapt?

4 IN THE NEWS — 2/3/21

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Ethan Miller/Getty Images

Other recent developments:

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