Keurig founder joins executive team of marijuana accessories maker

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2 years ago

April 25, 2023

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Keurig founder Peter Dragone has joined the executive team of a startup marijuana accessories maker in Kentucky that’s aiming to begin its first funding round.

Dragone, who introduced K-Cups to the market in 2004, has taken a role as equity partner of Convenient Cannabis, the maker of Puffsy pods.

The single-serve pods, made of recyclable glass, are preloaded with cannabis and fit most standard bongs and pipes.

Dragone is not an investor in Convenient Cannabis, according to Convenient Cannabis CEO and founder Zechariah Corcimiglia.

But as “acting CFO and strategic adviser,” he will play a key role connecting the company with potential backers.

“He has this large network of venture capitalists and angel investors,” Corcimiglia told MJBizDaily.

“He is coming on as an equity partner and getting us ready for our Series A round of financing.”

The company is looking to

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Long shot adult-use legalization effort launches in anti-marijuana Idaho

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15 hours ago

November 14, 2024

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Advocates in Idaho, arguably the least-cannabis-friendly state in the United States, are laying ambitious plans to skip over medical marijuana and go straight to adult use.

At least, that’s the goal of the proposed 2026 ballot initiative that campaign organization Kind Idaho recently filed with Idaho’s secretary of state, according to The Inlander.

Campaigners would have until April 2026 to collect roughly 70,000 valid signatures from registered voters.

It’s anybody’s guess who might be willing to support such an effort.

Campaigns in 2022 and 2024 failed to get medical marijuana on Idaho’s ballot.

And recent adult-use legalization efforts in red states such as North Dakota and South Dakota have repeatedly failed.

Those were funded by existing medical marijuana businesses, and Idaho has

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Marijuana firms Eaze, Green Dragon find new life after $10 million capital infusion

Published

3 days ago

November 12, 2024

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Newly rebranded California-based marijuana operator Eaze raised $10 million to acquire select assets of Eaze Technologies, its predecessor company, to fund the reopening of 70 Eaze and Green Dragon locations across California, Colorado, Florida and Michigan.

The now-defunct Eaze Technologies, which purchased Denver-based Green Dragon about three years ago, announced in October that it would close its Colorado and Florida operations.

Billionaire Jim Clark, founder of defunct tech company Netscape, provided the funding, which was announced Tuesday, and now has controlling ownership of the new entity, Eaze.

CEO Cory Azzalino said the company does not intend to reimagine its business model, which it shifted four years ago from a delivery platform to a plant-touching entity.

“The focus going forward will be continued expansion

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Marijuana Business Daily

Oregon voters approve pro-labor change to state cannabis law

Published

7 days ago

November 8, 2024

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Voters in Oregon appear to have approved an organized labor-friendly change to state cannabis law that’s had mixed results in other states.

With more than 80% of ballots counted, 55.7% of state voters cast yes ballots on Measure 119, which will require cannabis operators in the state to submit a “labor peace agreement” to regulators before receiving or renewing business permit, Oregon Public Broadcasting reported.

The voter initiative’s main sponsor was the United Food and Commercial Workers (UFCW) Local 555, which spent more than $2.8 million on the campaign after a failed attempt to impose a labor peace agreement (LPA) requirement through the state Legislature.

Several other states, most notably California, require cannabis businesses to have an LPA as part of licensing

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