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Possibly the largest legal pot company in the world.

Here’s your daily dose of pot news from the newsletter WeedWeek.

Canada’s Canopy Growth Corp. will acquire Mettrum Health Corp. for C$430M, creating a dominant Canadian player.

Vice examines 280E, the tax code provision used to tax marijuana businesses more than other businesses.

Warehouse rents are skyrocketing in legal states. But the New York Stock Exchange IPO of cannabis real estate trust Innovative Industrial Properties went nowhere, following the Sessions nomination.

The BBC calls Albania, a small, poor country in southeast Europe, the continent’s “ outdoor cannabis capital.

The industry could create an opportunity for clean energy technologies like “ renewable microgrids.

LAWeekly asks if small cannabis businesses can survive legalization.

Accounting Today says, “ The Cannabis Industry Needs Accountants.

Pot was a hot topic at the 2016 Wine Industry Expo. For more see here.

Financial firm Cowen said legalization is bad for beer sales. MarketWatch disagrees.

Dispensaries offered discounts for “ Green Friday.” (The shopping day after Thanksgiving.)

The BBC profiles John Stewart, an executive who was CEO of Purdue Pharma, which sells the opioid Oxycontin and now leads a MED company in Canada.

There’s an incubator that aims to turn formerly-incarcerated drug dealers into legal entrepreneurs.

Century Bank in Massachusetts openly works with pot businesses.

A new site called The Cannifornian will cover legalization in the state.  Parent company Digital First Media also owns The Denver Post and its site The Cannabist.

RAND Corporation scholar Beau Kilmer editorializes in favor of the state legalization experiments.

Denver’s social use measure may face legal challenges. Juneau, Ak.’s first dispensary opened and sold out in three hours.

Maryland’s pot regulator has hired a diversity consultant, after it failed to award any of its initial 30 licenses to African-Americans. It has also given preliminary approval for 102 MED dispensary licenses. The names will be made public this week.

Florida’s MED community has few friends in Tallahassee. The new law will also undermine the state’s largely disregarded bong ban.

The Cannabist meets Rilie Ray Morgan, the 66-year old man who championed MED in North Dakota.

Colorado Gov. John Hickenlooper (D) is launching a new effort to use pot taxes to build apartments for the chronically homeless.

Massachusetts may delay implementing aspects of its REC law. Maine will recount its REC vote. MED legalization is on the table in Ireland and South Africa.

British politician Nick Clegg called for legalization. Vice sketches out what a legal U.K. market for recreational drugs could look like.

Among other things, they are preparing safety guides for “trimmigrants”

Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek

Reveal follows up on its investigation of sex abuse of trimmigrants in California’s Emerald Triangle, with an update on how communities in the region have responded.

Massachusetts became the first state on the east coast to legalize REC, despite opposition from the state’s most prominent politicians, both Democrats and Republicans. Dispensaries could open as soon as January 2018.

All four states voting on MED approved it. In Florida, voters legalized MED with 71% in favor. In Arkansas, a MED initiative has a comfortable lead with most precincts reporting. North Dakota’s MED initiative passed with about 64% of the vote and Montana’s Initiative to expand MED access also passed comfortably.

Each of the MED states also voted for Donald Trump, who is now president-elect.

It looks like the proposed REC business bans in Pueblo, the Colorado industry’s secondary hub, failed. I wrote about the situation for the L.A. Times.

There were numerous local votes in Oregon on the industry’s status in communities. See the results here.

The Eureka Times-Standard explains your rights in California post Proposition 64. Public consumption will not be allowed except in licensed businesses, which will open in 2018 at the earliest.

Stocks in private prison companies jumped following Donald Trump’s victory. Racial disparities in criminal enforcement remain a concern.

The Nation profiles Bill Montgomery (R), the anti-pot Phoenix prosecutor who won re-election.

An odor problem has earned a Boulder grow $14,000 in fines.

The NFL Player’s Association said it would explore MED as a pain management tool. The league isn’t budging, for now.

Playboy calls legalization one of the election’s “ silver linings.

Colorado Harvest Company and O.pen vape were among the major donors to Levitt Pavilion amphitheater, a new venue for free concerts in Denver.

The service also failed to protect customer information.
Here’s your daily round up of pot news, excerpted from the newsletter WeedWeek.

Irvine, Calif.-based Weedmaps is full of bogus dispensary reviews, according to an investigation by the L.A. Times.

Reporter Paresh Dave looked at nearly 600 businesses reviewed on the site and found that 70% included reviews submitted from a single IP address (i.e. a single computer). A textual analysis found that 62% of reviews on the site are “fake.”

Weedmaps, a Yelp-like service with operations in several states, had stored the IP addresses of anonymous reviewers, in its publicly available code. A Weedmaps executive said the 62% figure is far too high, and emphasized that reviews are only part of the product.

Big-money investors are starting to see the upside in going “green.”

Following Microsoft’s recent partnership with Kind Financial, Google may want to go green as well. John Lord, CEO of LivWell, a large vertically-integrated producer in Colorado, said the search giant had reached out to him. (On The Cannabist Show, Lord discusses the implications of industry-hated tax provision 280E.)

Venture capitalists are shaking off the stigma. The Bloomberg article contains the tidbit that New York’s health department uses Oracle software to monitor its MED program.

Jim Hagedorn, CEO of publicly-traded Scotts Miracle-Gro, said he want’s to “Invest, like, half a billion in the pot business…It is the biggest thing I’ve ever seen in lawn and garden.” Since 2015, Scotts has spent $255M acquiring companies that make soil, fertilizers, lighting and hydroponics. He pledges to invest $150M more this year.

Ohio is considering a cashless system — think pre-paid debit cards — for its newly legalized MED industry.

Colorado company Helix TCS acquired online wholesale platform Cannabase for an undisclosed sum. Wholesale prices are falling fast in Colorado.

Stock in Insys Therapeutics jumped after the FDA approved its cannabis-derived drug.

According to the Tampa Tribune, there are  15,000 businesses nationwide  providing ancillary products and services to the cannabis industry.
The Verdes Foundation is the  highest-grossing producer  in New Mexico. (The state’s MED industry is non-profit.) MED dispensaries in Hawaii can open next week but  most aren’t ready .
NORML executive director Allen St. Pierre reportedly resigned after 24 years. He will remain on the organization’s board. His interim replacement is treasurer Randy Quast.
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