April 28 2023,
THE BIG IDEA
Hi all,
Sadly, I won’t be able to catch up with many of you at Hall of Flowers next week. But drop me a line if you’ll be at The Emerald Cup Awards.
In the newsletter:
- Hall of Flowers: A buyer’s view
- BREAKING: Delta-8 partner drops lawsuit against Cookies
Read up,
Alex
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Pro
BREAKING: Delta-8 partner drops suit against Cookies
QUICK HITS
State:
- The Department of Cannabis Control (DCC) has awarded nearly $20M in research grants to universities studying various aspects of the plant and market. It includes one $2.7M grant to study legacy plant genetics and the communities that steward them.
Marijuana Moment - The League of California Cities released a resource for cities on how to accommodate the new requirement that they allow MED delivery.
Business:
- Nabis opened the “world’s largest” weed warehouse in Woodlake (Tulare Co.), halfway between Oakland and LA.
- Unrivaled released a presentation on its restructuring effort along with its quarterly results.
- Digiday discussed how cannabis is becoming more important to Jack in the Box’s marketing strategy.
- KPCC discussed the state industry’s challenges.
- In Michigan, Stiiizy offered jobs to 400 workers laid off by a Burger King franchise.
High Times
Local:
- Vista (San Diego Co.) appears likely to allow consumption events at dispensaries.
- An Arvin (Kern Co.) city council vote on allowing shops was post-poned again.
(ABC)
Fun and interesting:
- NBC did man on the hill interviews during SF’s 420 celebration.
NOTABLES
Company milestones:
- Highlyte by Amnesia, which helps companies stay compliant on social media, raised $1M from Poseidon, Argonautic Ventures, JourneyOne Ventures and others.
- Beverage Mary Jones is expanding to Nevada and Michigan.
KTNV, MLive - GABY, parent of Mankind Dispensary in San Diego, restructured its debt, including AR debt.
- Garden Society is now selling MED edibles in Ohio, its first state outside California.
- Cookies entered a partnership with MSO TerrAscend to reach Maryland consumers.
Interviews:
- Travis Higginbotham, VP cultivation, StateHouse
Cannabis Business Times
Upcoming:
- The Emerald Cup Awards are set for May 13 in Richmond (Contra Costa.)
- Glass House will host its second annual “investor sesh” on June 23 at its huge farm in Camarillo (Ventura Co.)
- Ball Family Farms’ boss Chris Ball will be the keynote speaker at Cannabis Conference, Aug. 15-17 in Vegas.
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