SCOOP: Shareholders probe Eaze bankruptcy — Newsletter 10/24/25
Photo by Jamieaze, Wikimedia Commons
THE BIG IDEA
Hi all,
We’re launching a new webinar series called WeedWeek Wonks featuring smart people sharing actionable information.
You don’t want to miss this week’s edition with attorney and consultant Hirsh Jain discussing five key growth states where the action will be next year.
Contact me at if you or a client is interested in giving a future WeedWeek Wonks talk: alex@weedweek.com
In the newsletter:
- SCOOP: Shareholders probe Eaze bankruptcy
Lots more too,
Alex
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WeedWeek Wonks: Growth States in 2025 and Beyond
Lawyer and consultant Hirsh Jain argues five states with a combined 60M people are key to the industry’s next round of growth. But of course, there are challenges…
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SCOOP: Shareholders probe Eaze bankruptcy
A shareholder-backed probe is investigating the bankruptcy of MSO Eaze Technologies Inc. in an attempt to claw back assets and potentially claim a stake in the restructured company. The March chapter 7 bankruptcy filing lists dozens of creditors who together were owed…
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QUICK HITS
Federal:
- The U.S. Supreme Court agreed to hear a case on whether users of cannabis and other illegal drugs can own guns.
NY Times - As Congress debated tough new hemp restrictions in Q3, major alcohol companies stepped up their lobbying on hemp beverages.
Marijuana Moment
Business:
- Days after Target announced a pilot program for THC beverages, Circle K convenience stores said it expected to have them available nationwide sometime next year.
MJBiz - Maryland-based MSO Curio Wellness entered the Missouri market by acquiring four Greenlight shops.
- San Francisco-based Anresco Labs, is acquiring NJ Labs to create a company serving cannabis and other industries.
- NorCal-based Budularo claims to be the first brand touting how long they let their flower grow. Some blame short, more cost-efficient, flowering cycles for the blandness of corporate bud.
- Cookies products are now available in Brazil.
- Canadian entrepreneur Chloe Popove asked Shopify to clarify its cannabis policy.
- The Grass Ceiling Honors will celebrate pioneering women in weed. Entries are due November 7.
State and local:
- Legalization is on the ballot in New York City’s upcoming mayoral election and gubernatorial elections in Virginia and New Jersey.
NPR, Fox5, Marijuana Moment - Trump picked Michigan cannabis entrepreneur Mark Savaya as special envoy to Iraq.
The Detroit News - High Times profiles two shops doing it right and making it work in New Jersey’s tough market.
- The proposed Massachusetts ballot initiative to reverse REC legalization is on track to make the 2026 ballot, a spokesperson said.
Marijuana Moment - The Trulieve-backed group gathering signatures to get REC legalization on Florida’s 2026 ballot sued the state alleging Gov. Ron DeSantis'(R) administration is thwarting its efforts.
Politico - Legalization has divided Hawaii’s business community.
Pacific Business News - New York regulators moved to close a business that allegedly facilitated inversion.
NY Times - The Ohio House passed a bill to regulate hemp products more or less like weed.
Signal Ohio - Canna Law Blog discusses Oregon licensing and market updates.
Health and science:
- A team of researchers at UNLV developed “CBD-like molecules” from a common household spice that could also be used to treat epilepsy.
International:
- Former college basketball star Jarred Shaw faces the death penalty in Indonesia for allegedly receiving edibles in the mail.
Total Pro Sports
Psychedelics:
- The BBC checks out Erowid, the 30-year old site that transformed psychedelics research.
R.I.P.
- San Francisco activist and supposed “gay weed mafia” member Terrance Alan, who was instrumental to California’s 1996 MED legalization, died at 73. The NY Times once wrote that Terrance Alan “worked in construction and owned strip joints, taught handicapped children and peddled low-budget gay pornographic movies, mostly starring Terrance Alan.”
SFist
Fun and interesting:
- Surfboard stealing otters have returned to Santa Cruz.
NY Times
CALIFORNIA HITS
State:
- In Q3, the state seized $222M in illegal product, more than half of it in Monterey County.
- Newsom’s MED bill veto sparks anger.
WeedWeek
Business:
- Los Angeles proposed a tax amnesty for the city’s underwater cannabiz, the first time it has done so for a specific industry. Even so it expects to collect less than 10% of the $400M it’s owed in back taxes. Read WeedWeek‘s previous coverage.
SFGate - The receivership dispute for distributor Herbl was wrongly moved from state to federal court, a federal court ruled.
Bloomberg Law - Raw Garden acquired brand California Love.
- To survive and expand, Humboldt grower Jason Gellman of Ridgeline Farms is selling genetics to international markets.
Cannabis Business Times
Research:
- A UCSD survey found Californians don’t know the state’s cannabis driving laws.
Local:
- Santa Barbara County supervisor Roy Lee responded to complaints about the industry.
- Santa Barbara City Council may increase local pot taxes.
KEYT - Port Hueneme (Ventura Co.) may cut the number of shops due to unpaid fees.
Ventura County Star - Humboldt County is conducting a tourism interest survey.
Upcoming:
- The Terpnami SF Seed Show returns December 6-7.
Respect My Region