"A lot of cannabis industry folks would be lost without their weekly dose of WeedWeek." @bluntnessmedia Editor and publisher: @alexhalperin
Los Angeles, CA
Joined December 2015
- Tweets3.8K
- Following404
- Followers3.8K
- Likes2.5K
The biggest marketing mistake in cannabis? Expecting a new brand to sell itself. Superego CEO Alicia Jernigan at Cannabis Pros Unplugged on why brands need push, pull, and a multi-channel strategy.
“It would be intellectually dishonest to suggest that the California market is thriving.”
@anandastrategy doesn’t sugarcoat it. California cannabis sales peaked in 2021 at just over $5 billion and have fallen for five straight years, to roughly $4 billion today.
The per capita comparison is even more striking. If California matched Montana’s sales per capita, it would be a $14 billion market. At Michigan’s rate, it would be $13 billion. Meanwhile, the illicit market still dwarfs the legal one.
After more than five years of litigation, a California's Department of Cannabis Control (DCC) filing indicated it will appeal a judge's December ruling that its use of track and trace system Metrc "fails to comply" with state law requiring it to flag irregular activity for further investigation. It has not yet provided a rationale for the appeal.
Link to full article below:
A married couple are suing the brothers who founded multi-state brand Muha Meds, alleging they invested $2.75M in three affiliated entities but have not received their anticipated payments.
Link to full article below:
MSO TerrAscend asked a federal judge to reject an IRS attempt to claw back an $8.4M refund payment related to industry-hated tax rule 280E.
Link to full article below:
Tech company Alpine IQ countersued two former execs who allege the company defamed them after integrating their technology and firing them. In a countersuit, Alpine IQ denies the allegations and alleges the former execs engaged in a “coordinated scheme” to steal the company’s intellectual property.
Link:
Michigan shut down the manufacturing partner of California-based operator Muha Meds and issued it a $2M fine, the largest in state market history, for what the state’s top regulator called “egregious violations," including a camera pointed at a wall.
Link to full article below:
What needs to change for California cannabis retail before 2027?
Join WeedWeek editor Alex Halperin & Ananda Strategy’s Hirsh Jain at our upcoming in-person event:
Cannabis Pros Unplugged Happy Hour. Oct. 6 at 5:00 PM - 8:00 PM PST.
RSVP for FREE through the link below:
An arbitrator ruled that the company which licensed the Cookies brand to operators defrauded two of its investors and ordered the company to pay $61.5M.
Link to full article below:
With less than two months until Election Day, outgoing Florida Gov. Ron DeSantis continues to push for tighter restrictions in the country's largest MED-only market, including proposed limits on celebrity endorsements and dispensary advertising.
Link to full article below:
