July 19 2021,
THE BIG IDEA
WeedWeek has a few new sections we think you’ll find valuable.
We’ll publish “Job Moves” and “Company Milestones” on Tuesdays. And you’ll find “Upcoming” event listings on Friday along with “In the Weeds,” a section for highlighting technical material, white papers and other resources to make WeedWeek readers the smartest people in the room.
Plus, we’ll have “High Society” pics in every issue.
Here we go:
- “The future is female”
- The “ripple effect” of Amazon dropping employee pot tests
- CBD could be a $20B domestic industry by 2025.
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Amazon dropping employee pot tests could have "ripple effect"
CBD could be a $20B U.S. industry by 2025
- A new law in Oregon relaxed some of its regulations for the industry.
- Georgia (the state) could be closer than ever to MED sales.
- Illinois announced lottery dates for almost 200 coveted dispensary licenses. Now a lawsuit threatens those lotteries.
- Rhode Island lawmakers could revisit REC in the fall. A top Maryland lawmaker wants REC on the 2022 ballot.
- Surgeon general Dr. Vivek Murthy opposes locking people up for cannabis use.
- At $89.6M in receipts, Friday July 2nd was the second biggest volume day of the year, after 4/20, Akerna found.
- A new study argues humans have been growing cannabis for about 12,000 years, longer than previously believed.
- The Bluntness shared five pieces of bad cannabis advice and nine unfortunate cannabis mistakes.
- The Onion weighs in on Sen. Majority Leader Chuck Schumer’s (D-N.Y.) legalization bill.
- Architectural Digest suggests giving these antiques turned bongs as gifts.
- Vulture talked to Jim Belushi about his time in the biz. His Discovery Channel reality show “Growing Belushi” was renewed for a second season.
- California distributor HERBL announced an exclusive partnership with craft brand Henry’s Original.
- The Parent Company (TPCO) entered the San Diego market with a new distribution hub in Chula Vista. It also announced the launch of its shoppable Caliva delivery app in the Apple store.
- MSO Ayr Wellness said it would spend $17M to acquire two Nevada businesses, grower Tahoe Hydroponics and concentrates brand NV Green.
- REIT Aventine Property Group said it raised $100M from a single “well-respected, large institutional investor.”
- The N.Y. Times asks which towns in New York, New Jersey and Connecticut will cash in on weed.
- Boutique California brand Pure Beauty raised $5M in a convertible note funding from investors Gron Ventures, Subversive Capital, Ceres Group Holdings and celebs including Timbaland and Nas. The company plans to expand to Michigan in the fall, in partnership with Gage. (The stars keep on coming, says The Hollywood Reporter.)
- MSO Harvest said it had exited the Utah market and will expand its footprint in Florida. Harvest has entered a definitive agreement to be acquired by dominant Florida player Trulieve for $2.1B.
- California genetics company Dark Heart Industries opened a new “advanced cannabis biotech lab.“
- Entourage Effect Capital managing director Matt Hawkins is assuming the role of interim CEO at Harborside after Peter Bilodeau was asked to step down. Ahmer Iqbal, former CEO of brand Sublime, recently acquired by Harborside, will serve as COO. The company is searching for a permanent CEO.
- MedMen announced interim CEO Tom Lynch is now permanent CEO. He joined the company in 2020.
- Marketing consultant Gayle Duncan joined The Green Organic Dutchman as Chief Growth Officer.
FUN FUN FUN
WeedWeek High Society -- 7/20/21
The party scene is popping!
Wana celebrated the MLB All-Star Game’s arrival in Denver with a hospitality suite to launch its new fast acting gummies. Here’s Joseph Smulevich and Chris Manzelli from the Star Buds team and Wana’s Kim Gibson.
Here’s Jon Marshall, COO of Deep Roots Harvest at the VIP reception for its new Reno, Nev. dispensary. The grand opening and ribbon cutting is on July 30.
Send pictures for High Society to email@example.com.
Pics should be between 600 and 1000 pixels long and wide. Each should include the name and affiliation (if relevant) of everyone pictured as well as the event’s name, date and location. Ideally submit several pics so we can pick our favorites.