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Sorry for today’s delay, but I hope you’ll find it a valuable weekend read.

• Black-owned businesses feel the squeeze

Alex

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The Parent Co and others fold SacTown delivery services

The Parent Company-owned Caliva and at least four of the nearly 60 other delivery services in Sacramento are ceasing operations in the capitol amid fierce competition and shrinking demand. Caliva was advertising up to 70% off last week in the area. To enter the market, it had bought a delivery service for $475,000 last August. Last month Unrivaled Brands shut down Sacramento delivery service Silver Streak Solutions which it bought for $6M in October. More Sacramento companies are expected to follow. The Parent Company declined to comment to the Sacramento Bee. Parent and Unrivaled stock trade for 67 cents and eight cents respectively.

Business:

• Libertarian Jacob Sullum writes that Senate Majority Leader Chuck Schumer’s (D – N.Y.) federal legalization bill shows that he “learned nothing” from California’s market failures.
  Reason
• For reasons that are behind a paywall, Harris Bricken lawyer Griffen Thorne argues having more very large farms is good for the industry.
  Law360
• The Santa Rosa Press Democrat profiles biotech shop LeafWorks, which uses genetic testing to improve plant quality control.
• Filings uncovered by MJBiz allege now-public Weedmaps is accepting advertising from unlicensed shops. 
• Hot brand Jeeter, owned by DreamFields, is launching a 100-stop “Jeeter-Mart” pop-up dispensary tour, building mini-convenience stores at shops in California, Arizona and Michigan.
  AdWeek
• FYI, California could soon require big companies to disclose employee pay scales.
  Politico
• Cannabis Business Times shared 10 takeaways from its recent webinar on navigating the California market. 
• The East Bay Express says it’s been “fun and enlightening” to watch the cannabis world freak out over Delta-8 THC.

Local: 

• Businesses in Santa Barbara Co. are approaching their $2B revenue cap, a figure which does not include cannabis. The highest grossing crop is strawberries.
  Santa Barbara Independent
• Sacramento Co. voters will decide on allowing pot shops after all. CapRadio explains what changed? 
• Stanislaus Co. (Modesto) voters won’t get to decide on creating a pot tax.
  Modesto Bee
• National City, south of San Diego, looks poised to welcome more dispensaries and at least one consumption lounge.
  NBC
• The Mendocino County Grand Jury released their assessment of the local equity program.
• “The fire came right to us,” Casey O’Neill of Mendocino-based Happy Day Farms writes. “But for grace and luck, our farm, our livelihood, our lives would have burned.”
  MendoVoice

Crime:

• An Antelope Valley (Los Angeles) raid on an alleged cockfighting ring turned up a big pot bust as well.
  KTLA 
• Authorities who raided an illegal grow just north of the Oregon border said it stole 5M gallons of water.
  Klamath Falls Herald and News

Fun and interesting:

• Phoenix rapper Teek Hall scoured Comic-Con for cannabis comics.
  Phoenix New Times
• Billboard posted some of the sets from the Northern Nights Music Festival.

Company Milestones:

• Eaze / Green Dragon secured a $15M CAPEX lease facility to fuel expansion in Colorado and Florida.
• Cookies has partnered with MSO TerrAscend to open its first Cookies Corner “immersive experience” in the latter’s New Jersey shops.
  ROI-NJ, Mugglehead
• A temporary restraining order blocks dispensary LAHC from removing Dr. Greenthumb products from an LA shop.
• Harborside officially changed its name to StateHouse Holdings, a nod to its pioneering history. I recently wrote about their vertical-integration strategy.
• Redding-based Sundial Collective will get one of the three shops coming to Red Bluff (Tehama Co.).
  ABC
• Turlock (Stanislaus Co.) is close to issuing its fourth and final retail license to Washington state-based Evergreen Market.
  Turlock Journal 

Upcoming:

• Pacific Stone has partnered with Weed + Grub on the Pacific Stone Comedy Tour, an invite only event for budtenders. It kicked off last night in LA and is coming to Santa Barbara and NorCal in October. BTW, that press release refers to PacStone as #1 flower brand by units sold. 
• The Burning Treez Festival is set for August 27 in Adelanto (San Bernardino Co.)

Prizes:

• High Times announced the winners of the Cannabis Cup SoCal: People’s Choice Edition 2022.