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.
In April, Canadian player Canopy Growth agreed to acquire multi-state operator (MSO) Acreage Holdings for $3.4 Billion, solidifying Canopy's position as the world's largest cannabis company.
In late June, Acreage CEO Kevin Murphy sat down with WeedWeek to discuss the deal, how the market will shake out, and whether Acreage board member John Boehner owes anyone an apology.
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With a non-compete covering the Canadian cannabis sector, Bloomberg suggests Linton will be heading join theto the U.S.:
At New Cannabis Ventures, Alan Brochstein reviews the post-Linton "Canopy Growth Ecosystem."
An analyst at Canaccord Genuity predicted $22B in legal U.S. cannabis sales by 2022.
Facebook agreed to run ads for topical CBD products only, Digiday reports. The ban has infuriated brands trying to gain access to the platform.
Members of Congress are stepping up pressure on the FDA to regulate hemp-derived CBD, though it may still take years.
Senate Majority Leader Mitch McConnell (R-Ky.) brought U.S. Agriculture Secretary Sonny Perdue on a tour of a Kentucky hemp farm.
Writing in AdWeek, investor Matthew Nordgren describes how influencers and forms of guerilla marketing have replaced conventional digital advertising for pot brands.
A post at the libertarian Cato Institute suggests a "two-pronged strategy" for federal REC legalization.
A new survey of older Coloradans gauged their attitudes to legalization and consumption habits.
A piece in the liberal American Prospect suggests governments are thinking about equity all wrong.
Stat News meets Christian Angermayer a wellGerman businessman betting big on medical uses for psychedelics.
Separately, Axios talks to Catherine Dockery, an investor and former Walmart exec, who is starting a vice investment fund.
The N.Y. Times takes a lengthy trip through what people have called cannabis through the centuries.