Opening the door to going public later this year, Norcal announced the close of a $27.4 million Series A funding. The investment brings the S.F.-based operator's total raise to $50M.
NEW CANNABIS VENTURES
A Facebook post containing what appears to be a California Growers Association status report has dredged up allegations of financial malfeseance against former Executive Director Hezekiah Allen, the former head of the advocacy association.
MARIJUANA BUSINESS DAILY
Anyone who follows significant financial transactions in legal weed is noticing that mostly white people are getting the dough. So, should interested parties celebrate every small victory earned by individual cannabis entreprenuers from historically abused communities? Isn't the greater pattern of wealth vacuuming more significant?
Tell that to Blair Augusté, founder, and CEO of Vista Distribution. Augusté is one of the Californians who can tell you what an embryonic social equity success looks like.
It looks a lot like survival.
EAST BAY EXPRESS
Liz Gehl, the main woman at Gehl Search Partners, a talent recruitment firm, appeared on the Ganjapreneur podcast. She spoke from the perspective of being a veteran recruiter in the alcohol space and losing muliple job offers after acknowledging her cannabis use.
65. A Very Canadian Pot Scandal with Jesse Staniforth
Jesse Staniforth, Editor of WeedWeek Canada, updates Alex and Donnell on breaking Canadian stories. There is no lack of scandal: Cannabis giant Canopy Growth fired founder and CEO Bruce Linton and CannTrust, a major licensed producer, is estimated to lose C$350 Million for ignoring the law. New regulations limiting THC in edibles exacerbate the over-packaging crisis. The country continues to battle the illicit market which is now also available online and is known by the cool name "MOMS" (mail order marijuana sites). Plus, Alex and Donnell discuss Jay-Z's partnership with Caliva.
Thank you to WeedWeek's Patreon Supporters!
Co-Founder/Photographer, Cannabis In Color Boutique Photo Service for the Industry, providing Custom and Stock Photos.
Get Your Free Photo Packs.
Find us at cannabisincolor.com and Instagram
HelloMD: The largest online community of health and wellness cannabis consumers
HelloMD on Instagram, FacebookSpencer Vodnoy CEO, Critical Mind Inc. Adelanto, CA Affiliations: CA State Bar; Board Member, Adelanto Growers Association Critical Mind, Inc. is a Medical Cannabis Cultivation and Manufacturing Facility located in Adelanto, CA. Providing the highest quality Cannabis products. Compliance without Compromise! criticalmindinc.com
CEO, Critical Mind Inc. Adelanto, CA Affiliations: CA State Bar; Board Member, Adelanto Growers Association
Critical Mind, Inc. is a Medical Cannabis Cultivation and Manufacturing Facility located in Adelanto, CA. Providing the highest quality Cannabis products. Compliance without Compromise!
State Treasurer Fiona Ma and Oakland assemblyman Ron Bonta are behind the proposed legislation that would cut taxes on marijuana around the state. Jesus wept.
KPIX-SAN FRANCISCO, AP
Those of us who couldn't break away to attend the inaugural North American Cannabis Summit, held this week in Los Angeles, found themselves realizing that they were missing out on something of major substance.
A thread of Tweets from a Boston Globe reporter made the FOMO into tangible regret for anyone interested in marijthe politics around marijuana.
Champion quarterback Joe Montana isn't the first jock to put his money into marijuana now that it's legal. Upcoming WeedWeek podcast guest Mike Tyson, for example, told us a few weeks ago that he's growing bud and developing products, in addition to this month's 420-friendly music festival.
But Mike Tyson was a flawed rock star in an individual sport whereas American professional football remains culturally repressive and controlling. Montana, as well as Ricky Williams and Tiki Barber, get special pioneer points for openly investing in the plant.