Editor’s Notes

Curaleaf’s CEO seems to be thinking far beyond the United States, saying “The goal is really to be the global industry leader.”

Beyond the markets’ initial enthusiasm for cannabis’ possible declassification, Pres. Biden’s move to review cannabis’ drug schedule classification did not clarify future pot industry capital flows.

Chicago’s getting a new business incubator focused on the cannabis business, launched by startup incubator 1871 and cannabis education and news company Grown In.

We expect a great deal from trade shows – if they disappoint us, we don’t want to go again. And if they are a good experience, we’ll happily pull ourselves and sales materials together to make the trip.

Cacioppo suggested that New York, ballyhooed for its potential, is “socialistic” and not good for business. Meanwhile, he thinks many other states, like Maryland and Missouri, still need some time before they’re good investment opportunities.

I never thought I’d see the day when $100,000 in ticket sales were generated for a festival that included an old school hip hop act, a Pink Floyd cover band, and dozens of legal weed vendors. 

Sims says RIV and Scotts are in cannabis for the long haul, and they are working on plans to build out Etain’s position in New York in a big way.

“I sense this shift in the last month where things are drying up, I’m hearing more and more negative sentiment not just from plant touching, but ancillary businesses as well.”