WeedWeek edition / June 08, 2021
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1 COLORADO BILL SHOWS CONCERN WITH HIGH POTENCY PRODUCTS

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Both chambers of Colorado's legislature passed a bill that would tighten the rules governing MED and concentrates. The bill, which passed with overwhelming bipartisan support, would impose stricter packaging requirements on concentrates, tighten rules for 18-20 year olds' to obtain MED cards and limit, to 8 grams, the amount of concentrates a person can buy in a day.
Westword, Denver Post

The much amended bill does not include potency limits and other measures favored by some legalization critics. Nonetheless, it is as sweeping a measure of concern about potential dangers associated with high-potency products as has passed the legislature in any state.

That it happened in Colorado, the first state to open a legal REC market, suggests similar backlashes could arise elsewhere.

Related: A new study from the federal government's National Center for Education Studies found the number of students in grades 9-12 who had used marijuana in the past 30 days had barely changed between 2009 and 2019.

2 WHY DO POT BUBBLES BURST?

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Key Investment Partners

A new report from Key Investment Partners examines why bubbles burst in emerging industries like cannabis, crypto and psychedelics. 

  • The paper asks why investors over-value and then undervalue companies in emerging sectors despite increasing consumer acceptance and interest. 
  • It notes that cannabis capital markets are heavily affected by regulatory milestones and "comprehensibility," even though "there is frequently a disconnect between the capital markets performance of publicly-listed cannabis companies and the actual growth of the cannabis consumer markets."
  • In cannabis, it identifies three and a half boom and bust cycles since 2014, when REC went on sales in Colorado (see above graph.)

Quick Hit

  1. MJBiz looks at how operators use technology to get direct customer feedback.

3 IN THE NEWS — 6/9/21

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