May 26 2023,
THE BIG IDEA
Hi all,
Hope you’ve had a chance to check out the new WeedWeek Pro Slack community. I plan to do an AMA there in the not too distant future.
In the newsletter:
- SCOOP: Jeeter faces raft of labor suits
Read up,
Alex
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QUICK HITS
State:
- Hop latent viroid, is believed to be in 90% of the state’s farms. A new diagnostic test for the blight, from Oakland company Purple City Labs, may help.
SFGate - Pot taxes statewide are at a 13-quarter low and enforcement against unlicensed grows is up.
North Bay Business Journal
Local:
- An activist expressed frustration with Santa Barbara Co. for approving a grow permit for the county’s “most-flagrant rule breaking” operator.
EdHat - Growers “won the first round” in a fight over water rights in Santa Barbara Co.
Santa Barbara Independent - Berkeley is considering a tax holiday for retailers.
East Bay Times - Mendocino supes agreed to work with the state to get provisional licenses converted to annual.
Redheaded Blackbelt
Equity:
- As of 2020, Black Angelenos were still disproportionately arrested for weed.
Xtown.la
Crime:
- The U.S. Securities and Exchange Commission obtained an emergency order to shut down WeedGenics, which the feds allege is a $60M ponzi scheme.
Reuters - A “serial Beverly Hills fraudster” is accused of starting a $9M hemp scam while under house arrest.
Courthouse News
NOTABLES
Company milestones:
- Cookies is opening its first shops in Baltimore and Orlando, (its second in Florida).
- Lowell Farms announced a sale leaseback transaction with New Wilston Associates for a processing facility in Monterey Co.
- StateHouse confirmed it had received another extension of its Series A debt obligations.
- The California Cannabis Industry Association signed a deal with Green Flower enabling members to access Green Flower’s professional training courses.
This and that:
- Consultant Michael Bostarr shared the brands at the top of his mind.
- Leafly shared its top-rated dispensaries in California.
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