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Cannabis Briefs for June 25, 2019

June 25, 2019

•Colorado cannabis company Keef Brands has partnered with CannaCraft to launch its Keef Cola line of cannabis-infused sodas in California. Keef CEO Erik Knutson told SND that Cola flavors Original, Bubba Kush Root Beer, Blue Razz, Orange Kush, and Purple Passion (all 10 mg of THC a 12-ounce bottle) launched statewide last week and should be in approximately 400 retailer locations by the end of the year. CannaCraft is handling all infusion and distribution in California. Keef vape pens and Pax cartridges will launch in California in mid-summer, with Keef Sparkling infused-sparkling water beverages and 100 mg variants coming as well. Keef products are currently available in Colorado, California, Arizona, Michigan, Nevada, Puerto Rico, and Jamaica.

•New York State has fallen short on a second attempt to legalize adult-use cannabis. Following the failure to include legalization in the state budget in March, Governor Andrew Cuomo pushed for a standalone piece of legislation sponsored by Assembly Majority Leader Crystal Peoples-Stokes. Ultimately, lawmakers in the Senate were unable to produce the necessary votes following disputes over how to allocate the tax revenue generated by the proposal. The legislature stayed past the end of the session to pass a cannabis decriminalization bill instead. It downgrades possession of 2 ounces or less of cannabis from a misdemeanor to a non-criminal violation subject only to fines; it will also automatically expunge old misdemeanor convictions.

•San Francisco, California-based cannabis beverage company Daytrip has released its first products, a line of CBD-infused sparkling waters. The four flavors—Tangerine, Cherry, Lemon Lime, and Coconut Pineapple—all contain 10 mg of CBD, five calories, and zero sugar. Daytrip currently distributes to California, Oregon, Washington, Michigan, and Minnesota and retails for $5 a 12-ounce can or $50 for a 12-pack. A THC line of sparkling water is planned for a release later this summer.

•California Cannabis Enterprises, the parent company of Glass House Brands and Bud & Bloom, among others, has appointed Darryl Kato as COO, effective immediately. Kato is the former CFO and board director of Nissin Foods USA and finance manager for confections and snacks at Nestlé USA. Kato will oversee company-wide operations, which includes Glass House Farms, among the top cultivators in the U.S. He will report to CEO Kyle Kazan.

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