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MGO Publish Their Fourth Cannabis 50



Unsurprisingly we don’t make the grade!!!!!

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Cannabis 50


Forbes covers some of the highlights

This year’s list is particularly noteworthy, as it highlights an increased presence of female and diverse founders, CEOs and top executives. “You will also see [that] in this year’s “Cannabis 50” there are many more entertainers and musicians. In previous years, we saw many more pro athletes, but it seems mainstream cultural icons are really entering the industry,” explained Lorna Donohoe, director of partnerships and influence at MGO.

Scott Hammon, head of MGO’s cannabis practice, added, “Although the cannabis industry faced challenges due to limited access to capital as well as a supply and demand imbalance in certain markets in 2022, the sector continued to make progress. With Federal legislation allowing for expanded research, Federal pardons increasing the odds of widespread and more impactful state expungement action, and an overwhelming majority of Americans believing cannabis should be legal, we are seeing greater cultural acceptance and expansion of the industry.”

And he added, “While it’s a work in progress, there is no doubt that despite the near-term presenting many of the challenges the industry has confronted since its inception, the long-term outlook remains bright as it continues to integrate itself into the fabric of American business and society.”

MGO’s Cannabis 50 Honorees

Doing Well

Entrepreneurs and organizations are expanding their financial, operational and environmental horizons.

“We pride ourselves on our minority-led executive team and have worked to create an inclusive and diverse workforce with our team in California and India. For our customers, we have and will continue to support small retail dispensaries and social equity retailers on their path to profitability through the use of data and our 24-hour support team,” said John Yang, CEO of Treez, one of the honorees.

• Agrify Corp

• Charlotte’s Web Holdings, Inc.

• Garden Society

• Jane Technologies, Inc.

• Jeeter A DreamFields Brand

• Jones Soda Co.

• TerrAscend Corp.

• Tilray Brands, Inc.

• Treez

• Würk

Doing Good

Nonprofits, activists, and others undoing social harms, advocating through reform, supporting sustainability, and providing equitable opportunity.

“In the U.S., those most affected by the lack of representation are the ones driving diversity and social justice in the cannabis industry. Though cannabis is not for the faint of heart, BIPOC entrepreneurs are still entering the industry — especially in newly legal states — and social equity is at the core of their business model; they advocate for policies not only to help their business grow, but to address the impact of the war on drugs in marginalized communities,” said Mary Pryor, co-founder of Cannaclusive.

• Cannaclusive

• Christine De La Rosa

• Congressional Cannabis Caucus

• Exonerations and Pardons

• Freedom Grams

• Housing Works

• Viola Cares

• Wana Brands Foundation

• Weed Like Change

• Weldon Angelos

Money Talks

Investors, banks, and others opening the avenues of capital fueling an emerging industry.

“When viewing the cannabis industry, people have a tendency to get too wrapped up in stock prices, and myopically equate stock performance to the health of the sector. In reality, however, in such a nascent sector, stock valuation is a poor barometer of overall industry health. There are tremendous tailwinds and opportunities in this industry, with revenue reaching $27B in 2022 and sales in 2023 projected to exceed $30B,” Rob Sechrist, president of Pelorus Equity Group.

• AFC Gamma

• Alternative Financing

• Btomorrow Ventures Limited

• Canopy Growth Corporation

• Cresco Labs, Inc.

• Foley Hoag LLP

• Green Check Verified

• Greenspoon Marder LLP

• Pelorus Equity Group

• Valley National Bank

Knowledge is Power

Researchers, educators, and others are raising awareness and sharing the benefits of cannabis.

“Eliminating product recalls throughout the industry should be a major push for manufacturers and growers. Recalls damage consumer confidence in products quickly, especially in unregulated markets like cannabis. If companies take the proper safety precautions and avoid committing food fraud by ensuring that their product test results match their product labels, this would be a good start,” said Tyler Williams, founder and CTO of Cannabis Safety and Quality.

• Cannabis Safety and Quality

• Gowling WLG

• Headcount’s Cannabis Voter Project

• PAX Labs, Inc.

• Purissima, Inc.

• Research Breakthroughs

• Rutgers University Law School

• Vangst

• Whitney Economics

All the Lights

Athletes, entertainers, and influencers mainstreaming cannabis culture and giving back to the community.

“The cannabis industry is a community that is unique to any other type of industry where competitors can become partners and friends. Everyone is focused on one central mission, promoting the benefits of plant-based medicine,” said Mike Tyson, co-founder and chief brand officer of Tyson 2.0.

• Big Freedia

• Cann Social Tonics

• Clio Awards

• Corporations Show Love

• Kx Family Care

• Lil’ Kim

• Montel Williams

• Sean “Diddy” Combs

• TYSON 2.0

• Wiz Khalifa


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NY: Leafly Sort of Get What They Want




The New York Attorney General’s Office last week agreed to a stay in cannabis technology company Leafly’s legal challenge to the state’s third-party marketing ban. The stay effectively blocks the state from enforcing the prohibition on Leafly, but not other third-party marketers.  

In a statement, Yoko Miyashita, CEO of Leafly, said that while the firm is “very pleased” with the decision, the company remains “concerned that the Office of Cannabis Management’s stance towards third-party platforms deprives consumers and licensed cannabis retailers with important tools that help them navigate legal cannabis.”  

“We’ll continue to work toward sensible regulations and are hopeful for a solution that empowers small businesses and supports consumer education and choice, while still protecting the public health, safety, and welfare of the people of New York.” — Miyashita in a press release 

The order does not end the lawsuit, which alleges that state regulators unfairly targeted third-party platforms in a misguided attempt to restrict the way retailers may market or promote their business and products and prevent price-shopping consumer behaviors. The lawsuit alleges, that the adoption of these regulations by the state is both arbitrary and capricious and a violation of the U.S. and New York constitutions. 


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“Sham Unions”: Alleged Labor Law Violations Shake California’s Booming Cannabis Industry 




Several major legal cannabis companies in California are facing allegations of violating state law by collaborating with and signing labor peace agreements with organizations claiming to be labor unions but who have failed to genuinely advocate for workers’ rights. According to California law, cannabis companies with over 20 employees are required to sign a labor peace agreement with a “bona fide labor organization”. These labor peace agreements facilitate a union’s access to employees. Labor peace agreements prevent unions from picketing or boycotting the business in exchange for the business agreeing not to disrupt union organizing efforts. However, several unions are alleging some of the largest cannabis companies in the state have attempted to skirt this law by signing labor peace agreements with an organization known as Professional Technical Union Local 33 (Pro-Tech).

The Teamsters Union filed a complaint with the California Agricultural Labor Relations Board (CALRB) in March of this year, alleging that Pro-Tech was not a genuine labor organization. After conducting an investigation, the CALRB agreed with the Teamsters, finding that Pro-Tech has made no tangible efforts to organize or represent cannabis industry employees and even lacks a physical presence in the state.

At least 90 cannabis companies, including some of the largest in California, are alleged to have signed labor peace agreements with Pro-Tech and have recently had to scramble to make agreements with other labor unions. The implicated firms were provided with 180 days to establish new labor peace agreements by the California Department of Cannabis Control (CCDC).

Pro-Tech is not the only labor organization to face scrutiny. Another union, the National Agricultural Workers Union, has also recently faced similar allegations of being a “sham union” from the Teamsters.

California’s cannabis industry is significant, employing over 83,000 people in 2021. The CCDC has stated that it is working to enhance transparency regarding labor peace agreements to strengthen labor organizations’ ability to file complaints against non-compliant companies.

This news highlights the importance of having an experienced attorney review labor peace agreements that are required by CCDC. It is important to remember that the details of these agreements are subject to negotiation, and the difference between an enforceable agreement and a one-sided agreement that allows a union to engage in unfair or harassing organizational tactics can be easily overlooked. 


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Proposal to abolish medical cannabis tax fails to become Canadian Conservative Party policy




A proposal to consider the abolition of tax on cannabis for medical purposes did not have a chance to become official party policy at the Conservative Party convention over the weekend.

The proposal would have called on the Conservative Party of Canada to adopt a policy that would “abolish the excise tax on medical cannabis, fostering compassionate patient care and promoting its potential as a ‘Made in Canada’ safer alternative to addictive opioids.”

Policy 1849 had passed the first stage of voting and was then heard as a regional priority from New Brunswick in a breakout session on Friday. However, the proposal did not make it past that stage. Had it passed, it would have had a chance to proceed to the convention floor for a final vote on Saturday, September 9.

Tanner Stewart, who helped bring the proposal forward, says he is disappointed the proposal didn’t make it to the floor, but feels it was still a worthwhile effort to spread awareness of the issue. Stewart is the founder of Stewart Farms, a cannabis producer in St. Stephen, New Brunswick.


Proposal to abolish medical cannabis tax fails to become Conservative Party policy

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