Recent in the Cannabis Industry

Views: 4 Comments: 0 0 Post Date: February 18, 2021

SLO attorneys succeed fight against California’s cannabis bureau (1)

Luxury cannabis brand MONOGRAM can now be ordered from Caliva (2)

MONOGRAM – Shawn “Jay-Z” Carter’s first cannabis brand can now be ordered from Caliva. The MONOGRAM can be purchased in 2g and 4g flower options, Loosies Preroll Packs, and an OG Handroll.  There are many strains of each product, like the No.01 and No.03 Medium for the 4g flower. The No.01 Medium is a cerebral strain to aid in chilling, targeting, and tackling impediments in the way. The No.03 Medium requests to step back and smell the flowers. Notes of grape, diesel, and citrus direct into an effective finish, inspiring to take a hit, slow down, and enjoy the ride.

Wurk CEO Keegan Peterson passes away at 33 (3)

Cannabis industry payroll and human resources company Wurk, CEO and founder, Keegan Peterson has passed away at the age of 33. Peterson started the company in 2015 which brought his name as one of Marijuana Venture’s 40 under 40 awardees. A GoFundMe has been developed to help his family which the Board of Directors at Wurk will match up to $20,000. A memorial board has also been developed, permitting individuals to write memorial posts.

Cannabis industry salaries disclosed in new report (4)

Vangst, a cannabis industry professional recruiting firm, announced the Vangst Cannabis Industry Salary Guide. The report analyses salaries for jobs in cultivation, lab & extraction, manufacturing, and retail sectors of the cannabis industry. The trimmers in the cultivation sector begin at around $15.00 per hour while a director of cultivation can make around $115,000. Extraction technicians average around $37,000 annually, while managers make around $65,000. In the retail sector, the budtenders got around $15.00 an hour plus gratuities and a vice president of retail operations got about $150,000 per year. Regardless of workforce contraction because of the Covid-19 pandemic, the cannabis industry was able to pick up with strong demand from consumers. The cannabis job’s probable future is bright.

Caliva ends 2020 with industry-changing announcements (5)

Caliva, an omnichannel cannabis company in California, closes 2020 with infinite accomplishments and a bright outlook for 2021. Caliva partner, Shawn “JAY-Z” Carter, acquainted the world with his first cannabis brand, MONOGRAM. Caliva started Hanford delivery depot, in California, spreading its delivery footprint. Earned license approval for a sixth delivery depot in Chula Vista to serve the San Diego market. In the middle of Hanford and the future Chula Vista depots, Caliva will serve about 5 million additional Californians allowing it to deliver to 58% of California’s population. Regarding social justice efforts, Caliva partnered with both Chrysalis and Success Centers to form hiring and career mentorship programs.

MedMen cancelled 815,295 Class A super voting shares (6)

MedMen Enterprises Inc., a cannabis retailer, announced that the remaining 815,295 Class A super voting shares held by Mr. Modlin were cancelled. The proxy that Mr. Modlin had given to Benjamin Rose with the voting of shares ceased. Because of the share cancellation, MedMen has only one class of outstanding shares, the Class B subordinate voting shares.

Sources:

  1. https://calcoasttimes.com/2021/01/28/slo-attorneys-win-another-battle-against-californias-cannabis-bureau/?fbclid=IwAR17DzD6Xsv5quJ6O_x0ad10uIeagC2kRQ0FpoRbyq9rlznlbvgfntEF6u4
  2. https://hanfordsentinel.com/news/luxury-cannabis-brand-monogram-can-now-be-ordered-from-caliva/article_50cecb4c-3d0c-5fb3-a888-a96cf4a27a32.html?fbclid=IwAR1TI9B4JSXAUy_GgYA5-ac-b-jcYaN9TTNtavofD6pgjNk0rRGtCeDG9HM
  3. https://www.ganjapreneur.com/wurk-ceo-keegan-peterson-passes-away-at-33/?fbclid=IwAR1cXnuNXMzKoi5wm1gP0OytNZGcNeVH4LXymhLyi5NMJy-yx5lXHnVnjkE
  4. https://www.forbes.com/sites/ajherrington/2021/01/26/cannabis-industry-salaries-revealed-in-new-report/?fbclid=IwAR1o1lfllDla3BnAT2HP6Z_YximiXGje5vQkOlYS_H-EYUjOwsTzzhmBMUM&sh=2d8fa9cf630c
  5. https://mgretailer.com/press-releases/caliva-ends-2020-with-industry-changing-announcements/?fbclid=IwAR2HquDcmNs-Om9Lan5T_ivh0jG0Jv8HaTicfjhk4M3mxeQZOsaqTIFjjK8
  6. https://www.businesswire.com/news/home/20201224005213/en/MedMen-Announces-Cancellation-of-815295-Class-A-Super-Voting-Shares?fbclid=IwAR3VIYYQkX8lnIvMyxP5quYOxP13E4N66iSDzAVJX6Svqn9O85XGB5NIoeo

 

Author:  Rabia J. – Sr. Analyst

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