Hi all,

Here’s the news:

• Texas takes on hemp regulation

Read up,

Alex

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Following Gov. Greg Abbott’s (R) veto of a hemp ban, the Texas legislature is meeting in a special session to regulate the what’s reportedly a $5B intoxicating hemp industry with product sold in 7,000 stores. They’re starting on the ground floor in a state that doesn’t currently have age restrictions and flower is widely sold as THCA flower.
Houston Public Media

They’re talking labs, inspections, child-resistant packaging, potency, and little understood, but very potent cannabinoids such as THCP, which binds to the same receptors “but with far more intensity,” and HHC, said to be margarine to THC’s butter.

Some are trying to oppose hemp by supporting the state’s recently expanded MED program. Meanwhile, Abbott’s deputy Lt. Gov. Dan Patrick (R) has revived his push for a crackdown with a new bill.
Dallas Morning News, The Dallas Express

Good luck, y’all!

Federal:

• Industry execs hope newly confirmed DEA head Terrance Cole will move forward with reform. The DEA Judge who was overseeing the process is retiring.
  Cannabis Business Times, Marijuana Moment

Business:

• Two weeks after the Trump administration’s Glass House raids in California, the rationale remains unclear. And it has exposed fears and resentments in the biz.
  AP, MJBiz
• MSO Trulieve announced a new caffeine and hemp beverage called Upward.
• MSO TerrAscend announced plans to exit Michigan.
  CBS
• Meg Sanders, CEO of Massachusetts operator Canna Provisions editorialized that retailers need to reach out beyond ‘stoner dudes.‘
• Fifteen years after starting the group, National Cannabis Industry Association president is stepping down.
• FundCanna CEO Adam Stettner made the conservative case for legalization.  
• Tariffs on tea and coffee have created an opportunity for North America’s only caffeinated plant, Yaupon.
  Washington Post

State and local:

• A New York lab at the center of a big product recall closed.
  MJBiz
• Minnesota pulled 75 applicants in its second REC license lottery.
  ABC
• Wu Tang Clan’s Raekwon said he and his team were “hoodwinked” by their landlord as their Newark, N.J. shop shuttered amid $500,000 in owed fees.  
• In a win for consumers, Missouri’s supreme court disallowed “tax-stacking.“
• Michigan issues more fines than any other state, a report found.
  Crain’s Detroit Business
• 420-friendly Vegas hotel Lexi faces a “pile of unpaid bills.“
  Las Vegas Review-Journal
• Florida Gov. Ron DeSantis passed over Trump’s preferred candidate for state CFO because the candidate supported last year’s unsuccessful REC initiative.
  Marijuana Moment

Health and science:

• Why don’t med schools teach about MED?
  MedScape

R.I.P.

• Hulk Hogan
• Ozzy Osbourne

Fun and interesting:

• Comedian @RachelWolfson on the benefits of working in a dispensary.
• Leafly runs through the best new weed products of summer.

Business:

• Immigration raids stoke fear of Trump targeting the licensed industry.
  CalMatters
• LEEF Brands received a C$1M private placement.
• MSO Cresco Labs, is exiting California. Here’s a previous WeedWeek report on one of their golden state moves.
  Crain’s Chicago Business
• Berner touted a new branded shisha tobacco, in partnership with Al Fakher, exclusively at Hookah.com.  

Local:

• Central Coast city governments are responding to the Glass House raids with support for immigrants.
  Independent
• Shakedown Street returned for Dead and Company’s three shows in Golden Gate Park.
  SF Standard
• Sacramento cops check energy use to capture growers.
  CyberNews
• Calexico’s (Imperial Co.) licensing program is a mess.
  Calexico Chronicle