Cannabis Briefs for July 13, 2021July 13, 2021
•Canopy Growth’s new Quatreau CBD beverages have been targeted by Cointreau liqueur in a new lawsuit filed in Manhattan federal court, which alleges that the names are too similar and could spur consumer confusion. Canopy recently launched Quatreau in the U.S. via a partnership with distribution giant Southern Glazer’s. Cointreau says it’s actively exploring selling non-alcoholic waters and sodas in the U.S., in addition to its namesake orange liqueur. “Thus, not only will products bearing the Cointreau Mark appear alongside Quatreau CBD products on the same shelves in the marketplace, but consumers recognize that both Cointreau and Quatreau waters could be sold,” reads the complaint.
•California-based vertically integrated cannabis player The Parent Company is extending its Fun Uncle Cruisers vape brand with a new offshoot featuring live resin. Live resin is valued for its retention of cannabinoid, terpene and flavor profiles that deliver a full spectrum of effects, according to the company. Fun Uncle Cruisers with Live Resin are offered as full gram vape CCELL Universal cartridges available in four strains: Sour Tangie, Tropic Thunder, Golden Pineapple, and Paris OG, each testing at over 75% THC and retailing at $36.
•British CBD beverage brand Green Monké is launching in California with THC formulations. Available now, Green Monké’s line-up is composed of three flavors: Tropical Citrus, Orange Passionfruit, and Mango Guava. All three are at a low dosage of 3mg of THC and 6mg of CBD. The brand is available for purchase DTC from Green Monké’s website as well as at dispensaries throughout the Golden State for $5 a 12-ounce can or $18 a 4-pack. Green Monké is backed by St. Peter’s Spirits and plans to expand to additional U.S. states in the near future.
•New York State may get its first recreational cannabis dispensary sooner than expected. The Saint Regis Mohawk Tribe recently approved a new ordinance legalizing dispensaries on their reservation and plans to begin sales soon. The tribe’s land is located far upstate on the Canadian border near Montreal, limiting the economic impact of the development.
•Ceria Brewing founder Dr. Keith Villa is releasing a handbook called Brewing with Cannabis: Using THC and CBD in Beer. Published by Brewers Publications, part of the Brewers Association, the book includes practical instructions and recipes as well as notes on the cannabis plant and the physiological effects of terpenes and cannabinoids. It’s available for pre-order now for $20 a copy, though Brewers Association members can get 25% off through July 19. Ceria Brewing, launched in late 2018, produces several dealcoholized, THC-infused beers.
•Ten U.S. senators petitioned leadership of the Appropriations Committee to allow cannabis operators to access resources through the Small Business Administration. The change would give cannabis businesses an avenue to loans and other federal aid they are currently excluded from under federal prohibition. The group of senators includes Oregon’s Jeff Merkley and Ron Wyden, Nevada’s Jacky Rosen, Washington’s Maria Cantwell, and Georgia’s Raphael Warnock, among others. The issue recalls the rules that often exclude cannabis businesses from banking services, which has been a drag on the industry.
•New Mexico-based Trait BioSciences, led by Diageo veteran Peter McDonough as CEO, has added International Flavors and Fragrances executive Auroni Majumdar to its strategic advisory board and announced plans to release a water-soluble CBD extract in 2022. Trait, whose advisory board also includes Bacardi North America president Pete Carr and former Anheuser-Busch CMO Keith Levy, recently completed a C$31 million Series A financing round led by Btomorrow Ventures Limited (BTV), the corporate venturing unit of British American Tobacco (BAT).Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.
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