One of the most read CBT stories this week was actually an interview published earlier in February: a conversation between Senior Editor Zach Mentz and Aster Farms CEO Julia Jacobson. The main takeaway? California growers are facing a “market overcorrection” right now, where outdoor wholesale prices, especially, are crashing.
Long story short: Economic pressures that have plagued California’s cannabis market for years are getting noticeably worse for growers who are eking out an existence in the licensed landscape. https://www.cannabisbusinesstimes.com/article/julia-jacobson-aster-farms-q-and-a/
Check out the full interview for some more context on this issue.
But we’re curious for more perspectives from California, too—or even from those stakeholders in other U.S. states who might have helpful insights on how California is influencing the broader cannabis marketplace.
Got a tip? A particularly urgent thought? An example of that demonstrates how businesses might navigate these choppy waters in California?
Shoot me an email, and let’s talk. We’re here to serve you.
We’ve rounded up some of the key cannabis headlines from the week right here.
California cannabis regulators announced several proposed rule changes March 4 that will affect a broad range of industry stakeholders operating in the state-legal market. Read more Will Maryland legalize adult-use cannabis this year? Associate Editor Tony Lange charts several paths forward. Read more President Joe Biden is tightening security clearance policies on those staffers who have invested in cannabis businesses. Read more Maine regulators have scrapped their most recent set of proposed rule changes and will now work with industry stakeholders to draft a revised set of rules. Read more Montana’s adult-use sales climb in February, after getting off to a solid start in January. Read more
And elsewhere on the web, here are the stories we’ve been reading this week:
MPR News: “Minnesota legalized marijuana for medical use in 2014. So, is the policy working for people whose health is suffering and can be treated by medical grade marijuana?” Read more Remezcla: “The Latino Cannabis Association, which is based in Washington Heights, wants to make sure that competitive license applicants of Latine heritage have a chance to enter the growing New York cannabis industry.” Read more KCEN: “After clinching the Democratic nomination for Texas governor, Beto O’Rourke took the stage and made a promise that could possibly define his fall campaign. ‘And don’t you think it’s time we legalize marijuana in the state of Texas? I do too. We can get that done,’ O’Rouke said.” Read more
The Denver Channel: “Over the next week, two different Denver businesses will have hearings over their applications for a marijuana hospitality license. If granted, these businesses would be able to welcome Coloradans to smoke weed in designated lounges.” Read more
WMUR: “Lawmakers in Concord are digging into the numbers on just how much money New Hampshire could make from legalizing marijuana and controlling sales as it does with liquor.” Read more
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