Welcome to Cultivated, our weekly newsletter that gives you an insight into the offerings, trends, and personalities that are driving the multi-billion dollar global cannabis boom.
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Happy Friday everyone
We have a quick edition for all of you today. This week I received an exclusive report from Vangst, Leaflink, and Flowhub about the cannabis industry's prospects for 2020 and beyond. My colleague John Lynch interviewed Magic Johnson about his new CBD partnership and more.
I hope you have a nice weekend!
Here's what we wrote about this week:
Cannabis companies that have weathered the pandemic are preparing for major changes in the industry. A top recruitment agency shares the three skills that are critical to getting a job.
According to a new report from Vangst, Leaflink and Flowhub, cannabis companies plan to increase their attitudes.
For companies that have weathered the pandemic, sales, marketing and IT functions will be a priority as the industry moves more towards e-commerce than into the store.
Magic Johnson about his new partnership with a CBD dealer and the start of the NBA bubble
This is from my colleague John Lynch, who interviewed Magic Johson about his new partnership with Uncle Buds Hemp.
Johnson talked about why he's getting into the CBD and hemp room, the NBA bladder, and his thoughts on the rise in COVID-19 cases in California.
Change of leadership
- Greenlane Holdings has made a number of changes to its management team. William Mote, previously CFO of Basic Fun, joins as CFO and William Bine, previously SVP at Crocs, Inc, joins as COO. among other things appointments.
- Briana Dougherty Chester has joined the cannabis PR shop Mattio Communications as a partner in Los Angeles. After joining MedMen and Cove PBC, she joins the company.
Offers, launches and policy changes
- The US House of Representatives approved a change in funds by a vote of 254-163 to protect state-owned cannabis companies from federal intervention. In particular, the change would prevent the federal government from using funds to persecute individuals or companies that operate cannabis companies in accordance with state law.
- Jushi Holdings is Improve debt financing from an initial closing of $ 15.25 million to $ 33.3 million.
- IAnthus Capital, which is listed on the Canadian stock exchange, recapitalizes itself in one step, which largely destroys shareholder value. reports The Deep Dive. The two scenarios outlined would either leave shareholders with 2.75% or no equity in the cannabis society.
What we read
Counterfeit companies fake real banks to make online drug purchases (Wall Street Journal)