Does Stiiizy have a diiiversiiion problem?

Hi all,

Let’s get to it:

Enjoy,

Alex

Send tips, press releases, concerns, feedback and criticism to hello@weedweek.com

Statewide:

Leafly reporter David Downs compared the NorCal and SoCal markets in a conversation with KCRW.
Lawmakers could soon pass SB 519 to decriminalize psychedelics.
@scott_weiner

Business:

Desert Hot Springs (Riverside Co.) pre-roll phenomenon Jeeter anticipates more than $400M in revenue this year. Its products are also available in Michigan and Arizona.
CNBC
Stock in Weedmaps‘ parent company plunged after the company warned of a flat year. The company also announced an expansion of its SaaS B2B offering for brands and retailers.
MarketWatch, TechCrunch
San Diego-based dispensary Golden State Greens has been hit with a potential class action lawsuit alleging underpayment of wages.
Law360
After reporting a strong quarter, Glass House is looking to raise money.

Local:

In November, LA-County voters will decide whether to allow pot shops in unincorporated areas.
ABC
Santa Barbara Co. officials greenlit a dispensary in the town of Orcutt over some objections. It’ll be a Dr. GreenThumb’s instead of a Cookies, which some residents think appeals too much to children.
C.R.A.F.T. Cannabis in Oakland was robbed at gunpoint with the assailants taking about $100,000 in cash and product.
High Times
Hermosa Beach (Los Angeles Co.) could soon allow deliveries from out of town services.
Daily Breeze
The North Coast Water Board fined a Humboldt grower $300,000 for sediment discharges in Mad River tributaries.
Redheaded Blackbelt
@humboldt_standard posted some harrowing video of fires.
Also, $12M in DCC grants are available to Humboldt growers.
Redheaded Blackbelt

Fun and interesting:

CelebStoner reviews Just Dope: A leading attorney’s personal journey inside the war on drugs by SoCal weed attorney Allison Margolin. Margolin is the daughter of cannabis lawyer Bruce Margolin and sister of Madison Margolin, founder of psychedelics magazine Double Blind.
Cannabis Health remembers Olivia Newton-John as an icon for MED advocacy.

Company Milestones:

NBA great and equity entrepreneur Chris Webber is starting a brand called Players Only. Boasting partnerships with rappers like Quavo, Raekwon and Royce 5’9, it’ll be available initially at select Cookies and Gage (part of MSO TerrAscend) shops in Michigan.
Cookies’ first Florida store opened in Miami.
SoCal sales and marketing accelerator Petalfast said it would expand to Michigan and Massachusetts, its first new states.
The Source+, which operates in Nevada and Massachusetts, has a new line of chef driven solventless rosin gummies.

Upcoming:

MJUnpacked announced that there will be a “venture summit” at its late September conference in Vegas. (WeedWeek is a media sponsor.)
Regulators are set to host a technical assistance workshop in Humboldt on August 18.
The Transbay Challenge IV, hosted by longtime journo Jimi Devine, is in Hollywood this weekend.
Cannabis Business Times named Merida Capital‘s Mitch Baruchowitz as a keynote speaker for Cannabis Conference, August 23-25, in Vegas.