That’s a lot of lotion.
Here’s your daily round-up of pot news, excerpted from the newsletter WeedWeek.
Kris Krane, president of consulting firm 4Front Ventures, pooh-poohs the notion of Big Pot.
“There isn’t some megalithic industry that exists today…The notion that there are these gigantic, big-money players running in to take this whole thing over is just a fiction. There’s no Philip Morris, no Anheuser-Busch, no cannabis division at Bank of America. Even the most successful company is still barely in the growth stage.”
September was the third-straight best-month-ever for Colorado dispensaries.
A company called CanPay has what it calls the first “legitimate” debit payment system for dispensaries. The customer pays with a QR code accessed on their phone.
The Post Office has few safeguards for stopping employees who intercept weed sent through the mail.
Employers in California will still be able to fire workers who test positive. The San Jose Mercury News piece mentions that near one drug testing lab in Colorado, workers who arrive with containers of someone else’s clean urine tend to heat it up in a nearby convenience store’s microwave.
Canadian firms appear to be gouging the government healthcare system by signing up veteran MED patients for expensive strains according to a Vice report. Canadian companies could also benefit if there’s a crackdown in the U.S.
The Toronto Stock Exchange halted trading of six surging cannastocks. Some market watchers think it’sstill too early to invest.
Heavy rains in southern Oregon will force growers to torch moldy crops. Some rural Colorado communities derive much needed revenue from pot.
Florida entrepreneurs are excited about MED.
Jamaica’s licensing authority received 89 applications.
“ Could Delaware become a tax-free cannabis haven?” Small-scale Northern California growers areadjusting to legalization.