IN THE NEWS — 1/16/21

Here’s what I’m reading:

• Michigan recorded nearly $1B in 2020 cannabis sales.
  New Cannabis Ventures
• MSO Cresco Labs said it would acquire Bluma Wellness in an all-stock deal worth $213M. It’s a big move into Florida for Illinois-based Cresco.
• Canadian giant Canopy Growth is confident it will enter the U.S. market this year.
  BNN Bloomberg 
• MED is now legal in Mexico.
  Reuters
• After leaving Harborside, Steve DeAngelo talked to MJBiz about his future plans. He called the recent tough story in Politico about his non-profit Last Prisoner Project “a hit piece.”
• Casino mogul Sheldon Adelson, perhaps the last megadonor to oppose U.S. cannabis legalization, died at 87.
  Chris Roberts — Forbes
• Neuroscientist and Columbia University professor Carl L. Hart has a new book called Drug Use for Grown-Ups:Chasing liberty in the land of fear. In it he argues responsible drug use can be positive and writes “I am now entering my fifth year as a regular heroin user.”
  New York Times 
• Westword (Denver) flashed its 10 favorite pot photos of 2020.