Good morning.
To paraphrase Bruce Springsteen, “meet me next week in Atlantic City”. Next week, MJ Unpacked descends on Atlantic City and the Cultivated team will be there. If you haven’t already, use Cultivated’s 20% code cultivated20 here.
And, join us at 10 AM Eastern as (daily Cultivated reader) Wendy Campbell from MJ Unpacked joins Cultivated Live on YouTube and LinkedIn.
Let’s get go it.
-JR
Today’s newsletter is 628 words or about a 5-minute read.
⏪ In case you missed it
In Episode 2 of our series from the Canadian Securities Exchange, David Côté from Northern Helm joined the show from high above the Toronto skyline. Check out the conversation about the mature cannabis market of Ontario has evolved from one the Province’s savviest operators.
⏩ Quick hits
It’s safe to say that states are now digesting what the impact of rescheduling of medical cannabis means for their own state cannabis operations. Here’s a Quick Hits rundown of the latest.
Nevada: Board of Pharmacy set to follow federal rescheduling automatically
Nevada's State Board of Pharmacy follows federal scheduling guidelines, and with medical cannabis now rescheduled to Schedule III, a state law kicks in: if the federal government officially reschedules a controlled substance, the board must adopt the change within 60 days of a final published order, unless an objection is filed. Watch the full story from Fox 5 in Las Vegas.
South Carolina: State may get accidental medical cannabis access
Like in Nevada ☝️, rescheduling has triggered the Controlled Substances Therapeutic Research Act of 1980 in South Carolina, which requires the state to mirror federal scheduling changes within 30 days. More.
Wisconsin: Federal rescheduling builds momentum, but nothing really changes Wisconsin cannabis advocates say the federal rescheduling order is a step in the right direction, but it doesn't change Wisconsin law. However, Rob Pero of the Wisconsin-based Indigenous Cannabis Industry Association believes rescheduling "relieves a lot of pressure" on conservative state legislators and could build momentum for legalization. Full story here.
Louisiana: Moving in the wrong direction
Bucking the trend in the worst possible way, the Louisiana House passed a bill that would make it a felony to smoke or vape cannabis within 2,000 feet (⅓ mile) of any school or college campus. The bill now heads to the Senate. More from Marijuana Moment.
🚀 Deals, launches, partnerships
ayrloom brings THC drinks inside the gates at Governors Ball
New York’s ayrloom, is set to become the first hemp-derived THC beverage partner at Governors Ball in Queens this June, with low-dose drinks sold on-site to 21+ attendees as part of the festival's official beverage lineup. More from High Times. (Longtime readers: Remember when Jay visited ayrloom during his Summer Roadtrip 2024 series?)
⚖️ People moves
Long cannabis journalist John Schroyer announced on LinkedIn that is leaving Crain Communications after nearly four years. Schroyer is one of the most respected cannabis journalists working today, with a career spanning MJBizDaily, Green Market Report, and Crains. He announced he’ll be moving over to Forbes.
The New York political and policy world learned yesterday that Joe Rossi is moving to a new role and a new firm. He’ll be the Managing Director of Actum. If you don’t know Rossi, have a watch of one of the most open and honest conversations about the New York cannabis market from Cultivated Live May 2024.
🛒 One fun thing
The Cultivated team is headed to New Jersey next week, so we had to check out this state-run dispensary finder. A public tool that lets consumers find licensed dispensaries across the state. How fun is that?
📰 What we’re reading
Newsom wrestles with California’s failing cannabis industry | East Bay Express
Reclassification of marijuana opens doors for much-needed medical research | The Conversation