It would be the first in the country.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek.
Denver’s social use initiative is in the lead with some ballots still uncounted. If approved it would be allow bars and other businesses to apply for on-site pot consumption permits.
After Election Day, there are now eight more Senators and 68 more members of the House representing REC states, and six more Senators and 33 more members representing MED states. Marijuana.com predicts that it will be harder for them to reject cannabis reform legislation out of hand.
Massachusetts treasurer Deb Goldberg says she may need an extension of the October 2017 deadline to begin accepting license applications. Additional tweaks on taxes, edibles and DUI are anticipated.
How Florida’s MED program will work remains hazy.
Marijuana Business Daily calls it an $8 billion-night based on the combined annual sales projected in the newly legal states. Vox explains the votes. The New York Times has a round-up.
Rob Sands, CEO of Constellation Brands, whose portfolio includes Svedka Vodka and Robert Mondavi wine, said the company is interested in going green. “There are going to be alcoholic beverages that will also contain cannabis.”
The New York Stock Exchange accepted cannabis real estate investment trust (REIT) Innovative Industrial Properties’ listing. It will be the first cannabis REIT to trade on the exchange. It’s ticker will be IIPR.
Canadian producer Aphria announced a C$35M raise, the largest by a public company to date. Legal Canadian growers have raised more than C$313M in the last 13 months.
The New York Times profiles Denver-based Dixie Brands as it builds a national presence. (For more on interstate trade, see my April story in The Washington Post.)
WIRED tells us to “Get ready for the Budweiser of bud.”
Adrian Sedlin, CEO of California grower CannDescent, told Fortune that leaving California companies without bank accounts is “ not a tenable position.”
LAWeekly finds some psyched local cannabis executives. The San Jose Mercury News talks to some pumped-up Investors.