Pro
Stiiizy draft deal would stiff social equity partner: Lawyers
May 26 2022,
TOGETHER WITH
|
THE BIG IDEA
Hi all,
Happy almost Memorial Day weekend!
Here we go:
- Stiiizy deal draft would stiff social equity partner: Lawyers say
And so much more.
Enjoy,
Alex
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DOGWALKER
Delaware court finds for Bloom Farms
The Delaware chancery court ordered investor Jeff Menashe to pay $2.3M in attorney’s fees to Bloom Farms for waging bad faith litigation against the company. WeedWeek’s coverage of the case can be found here, here and here.
Law360
QUICK HITS
Politics:
- Eater munches on the bill that would legalize farmers’ market sales.
Business:
- The LA Times editorialized that the market needs bigger changes than ending the cultivation tax.
- In a much circulated op-ed in the same paper, two economists asked if legal weed can win.
- SoCal-based MedMen prevailed in a Arizona breach of contract suit. Here’s the press release.
Law360
Local:
- LA’s regulator hosted a webinar on the new social equity eligibility verification process, for the next round of dispensary licenses. The verification period runs from today until July 25. MJBiz has more on the process.
- Riverside Co. supes voted to crack down on shops that didn’t open under promised conditions.
City News Service - Grover Beach (San Luis Obispo Co.) city council voted to allow on-site consumption at dispensaries.
KEYT
Equity:
- Equity-centric brand 40 Tons wants to make 5/20 cannabis freedom day.
Crime:
- Siskiyou Co. Sheriff Jeremiah LaRue is calling on Sacramento to declare a state of emergency related to illegal grows in the state’s far north.
Herald and News - Five people have been arrested in connection with a 6,000 plant grow in an underground bunker somewhere around Barstow (San Bernardino Co.).
LA Times
Fun and interesting:
- “I cheered as she poured that nacho cheese.”
@weedandgrub
NOTABLES
Company Milestones:
- Lowell Farms is acquiring pre-roll manufacturing assets from a Canadian company.
- Retailer Deep Roots Harvest opened its flagship dispensary in Las Vegas.
Job Moves:
- MedMen Chief Strategy Officer Tyson Rossi is resigning.
Upcoming:
- Following its New York conference, MJUnpacked said it would partner with the Clio Cannabis Awards (for marketing) during its Las Vegas show, September 28-30.
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