Jeremy Berke🍁🍃🏔️
@jfberke
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Founder and EIC @cultivatednews , reporting on the cannabis industry. MBA student @Columbia_Biz . formerly @businessinsider . #FreeEvan .
Brooklyn, NY
Joined November 2014
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Pinned Tweet
One of my closest friends in the world,
@evangershkovich
, has been imprisoned for 100 days in Russia for doing his job.
That's 100 days too long.
I wrote about what he's like as a person and a friend for
@thisisinsider
.
#IStandWithEvan
#FreeEvan
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@steven_lebron
Way too much overlap between Cap and Shang-Chi. If one of them doesn’t become at least a 35% shooter, it’s going to clog the paint up and curb Cap’s development curve.
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Cookies allegedly ran out of money last summer when it missed a key valuation and then “burned through most of” an additional $23 million raised earlier this year.
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More of a tone shift from Schumer: "The SAFE Banking Act is a good thing."
"They say that the states are the laboratories, well, the laboratories have proven that cannabis legalization works. Let's do it in all of America."
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“It’s the NBA. Everyone does it. It’s like wine.”
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Elizabeth Warren Wants Marijuana Laws That Block Amazon And Big Tobacco From Monopolizing The Legal Industry
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I fuck around on this site a lot, but on a really earnest note I just had a really big-time constitutional law professor email me out of the blue to say he's a fan of my work. I'm very stoked about that.
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Say what you will about cannabis execs, they are never boring
Here's MariMed staging a "Boston Tea Party" style protest over the 280E tax bill.
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Trulieve CFO Tim Mullany quits after just 10 days on the job:
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I'll be chatting with Damian Fagon, the Chief Equity Officer of
@nys_cannabis
, on Thursday at 12:30pm on a live Twitter space.
I've got a long list of questions, but what do you all want to know? What should I ask?
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Cannabis companies pay an extra $1.8 billion in tax compared to similar size companies.
But why is that? Well, it's dates back to a 1970s drug dealer.
Read the whole story in yesterday's
@CultivatedNews
:
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This, from legal scholar David Pozen, sums up the issue with an enforcement agency being 'in charge' of cannabis rescheduling:
Is it really that shocking that a drug enforcement agency would have trouble wrapping their heads around a process that calls for less drug enforcement?
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Sabet's worst nightmare here
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Real human lives are on the line as we all meme about what’s happening with the submersible, and I find that abhorrent, regardless of how you feel about billionaires etc.
At the same time, I gotta hand it to this guy, this is a brilliant joke
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I'm interested in writing about this in order to help the industry out — if this is happening to you, DM me or reach out: jeremy
@cultivated
.news
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I get the hand-wringing about edibles looking like sour patch kids but most legal edibles are kumquat-lemongrass flavored and the packages are so hard to open I need to use tools, so I can’t imagine 6 year olds getting into them.
california just might ban weed gummies and other cannabis products that don't look like absolute dog shit because of what sure looks like a manufactured moral panic
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Cannabis companies paid an extra $1.8 billion in taxes compared to normal companies last year.
That's according to a new report from
@Whitney_Econ
.
So why do they have to pay so much extra tax?
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Yup. The DOJ will absolutely need to clarify this with another Cole-like Memo. There's a healthy concern that Sched III means all cannabis would have to be prescribed, though a lot of experts say it's unlikely, it's not impossible.
#Cannabis
S3 rulemaking process is imminent, but pages 85-87 of this NPRM are…not great to see in print (although obviously the law today). Gonna need that Cole Memo 3.0 stat…
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Damian Fagon of the
@nys_cannabis
reached out with some criticism of a recent newsletter piece on what I outlined as some pitfalls of the NY market.
Gotta say, while we may still disagree on certain points, he's been a class act about how to have a productive exchange of ideas.
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Here’s the Office of Legal Council Opinion on rescheduling:
Neither the UN’s Single Convention nor the Controlled Substances Act require marijuana to be placed in Schedule I or II, per the opinion.
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“Schedule III, even when final, will not lead the New York Stock Exchange or Nasdaq to list U.S. plant-touching companies. Those companies will continue to be violating the Controlled Substance Act,” Eric Berlin, a partner at the legal firm Dentons told Green Market Report.
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Credit where credit is due.
@stripe
reached out and fixed the problem quickly.
Classic. I write a newsletter, I don't sell any cannabis products obviously for
@CultivatedNews
.
Anyone else have this problem?
@stripe
can you help?
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Is it really that shocking that a drug enforcement agency would have trouble wrapping their heads around a process that calls for less drug enforcement?
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The DEA’s proposed rule to move cannabis to Schedule III has been posted to the federal register.
The 62 (!) day clock for the public comment period starts today.
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Bittersweet 10-year college reunion while Evan remains in prison.
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Evan's father, Mikhail on what it's like for him and Ella to go through this: "If he wasn't in such strong spirits, we wouldn't be able to stay as strong as we are."
True courage.
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@IhabHassane
Seems like there is a media narrative problem from within Gaza then? Why do so many still believe that civilians weren’t intentionally targeted on October 7?
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The fact that the attorney general's signature not the head of the DEA's is more of a "media narrative" than a crucial point in the rescheduling process.
"It's a media strategy, not a legal argument," Jesse Alderman of Foley Hoag said on the
@USCannabisCncl
webinar.
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It’s interesting to see the Biden admin go full court press on cannabis reform, but “no one should be in jail” is about the most basic vision of reform possible.
No one should be jailed for simply using or possessing marijuana.
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Oral arguments lawsuit filed by David Boies on behalf of a group of cannabis firms challenging the legitimacy of federal cannabis prohibition will be heard in a Massachusetts federal court tomorrow.
The public will be able to listen at the link:
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My last contribution to the RFK Jr/antivax discourse: Most of these venture and hedge fund guys aren't actually antivax. They probably got the covid shot.
They just want Biden to lose without supporting Trump/DeSantis outright so they can pay less taxes. That's all this is.
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🚨
@CultivatedNews
is going paid!
For just $5 a month or $50 a year, you'll get access to scoops and exclusives on the biggest names and companies in cannabis:
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Empire Cannabis Club, one of the most well-known unlicensed dispensary chains in the city, was raided yesterday
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Looking forward to chatting with former OCM staffer
@Ghitelman
tomorrow about *everything going on* with New York cannabis.
What should I ask him? What do you want to know?
Watch here:
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"It’s frustrating for them when they find someone they really like, that person tests positive for marijuana and they have to start over again."
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Here's the recording of the Spaces with Damian Fagon of
@nys_cannabis
. I hope you all found it productive and helpful.
I always appreciate when people are willing to answer questions publicly. I'll share some key takeaways in
@CultivatedNews
next week.
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Classic. I write a newsletter, I don't sell any cannabis products obviously for
@CultivatedNews
.
Anyone else have this problem?
@stripe
can you help?
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Biden makes it official
Too many lives have been upended because of our failed approach to marijuana.
So today, the
@TheJusticeDept
is taking the next step to reclassify marijuana from a Schedule I to a Schedule III drug under federal law.
Here's what that means:
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It's good to see his face, and I'm sure he was thrilled to get to see his parents again and share a few words.
We'll get you outta there Ev.
We’re in the Moscow courtroom where Evan Gershkovich is appealing the extension of his pre-trial detention. It’s 12 weeks since the Wall Street Journal reporter was arrested in Russia and charged with espionage. He & his employer vehemently deny the charge.
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US Cannabis Council says Sched III is a “necessary and critical step” along the way to full federal legalization.
Our ultimate goal is federal legalization, and we see Schedule III as a necessary and critical step along the way. We will submit comments in the coming days in support of the proposed rule.
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Just a complete, utter destruction of value.
At its peak in early 2021, Canopy’s market value topped $25-billion. With its close at $1.14 per share Friday, the company is worth about $600-million.
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“FDA’s refusal to issue regulations on CBD products has effectively turned hemp and cannabis companies against each other when we should be working towards the same purpose,” says
@jimhigdon
.
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From
@alexhalperin
: Glass House CEO sues Catalyst for defamation over the “cooking the books” lawsuit
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I hope all my former colleagues get the contract they deserve so Insider can keep producing great work.
It's official: THE INSIDER UNION IS ON STRIKE.
Management failed to agree on a fair contract that settles our healthcare ULP and pays us what we're worth. Starting now, over 250 Insider employees are on indefinite strike.
You want us back
@thisisinsider
? Settle the contract. ✊
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It’s me, I’m the American worker.
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#FreeEvan
forever and always.
There was a sign at tonight’s Mets/Yankees game in support of Evan Gershkovich, a Wall Street Journal reporter currently detained in Russia.
The sign reads, “Mets fans stand with Evan Gerschkovich.”
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Boomers at the DEA are suggesting that teens use Instagram – which is designed to hijack your brain — instead of weed for a "natural high."
Can't make it up.
Explore 7 activities to get a natural high that doesn't involve drugs. From creative expression to outdoor adventures, these activities can give you a natural high that lasts.
#TipTuesday
Learn more:
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It’s amazing how quickly RFK fell into “the Jews.” Lightning speed. Coming for the crown. Anyone with a half-formed brain could’ve seen this coming miles away.
As an Ashkenazi Jew who currently has no sense of smell thanks to COVID, this is an especially delightful read
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A wise word of caution on the DEA's notice of proposed rule-making for rescheduling cannabis"
"The DEA has not yet made a determination as to its views of the appropriate schedule for marijuana." (page 13)
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Evan is a brilliant journalist, but he's an even better friend.
If you want to help, you can write him a letter and assist his family with expenses here.
#IStandWithEvan
One of my closest friends in the world,
@evangershkovich
, has been imprisoned for 100 days in Russia for doing his job.
That's 100 days too long.
I wrote about what he's like as a person and a friend for
@thisisinsider
.
#IStandWithEvan
#FreeEvan
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There it is!
SCOOP: The DOJ plans to issue a notice of proposed rulemaking today that would reclassify marijuana to a less restrictive category, according to two Biden administration officials familiar with the decision.
From me and
@adamcancryn
:
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That was fast. New House version of the Farm Bill doesn't split the hemp definition into two anymore. Previously it distinguished between industrial hemp and hemp for cannabinoid production.
(pg 748)
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I have to tell the world this: Just saw Brian Cox walking by me on Schermerhorn street. He was popping into the black seed bagel.
Made my day.
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I think cannabis policy frameworks suffer from thinking that the burden of proof is on showing why it should be legal.
We should flip that: Why should it still be illegal? What quantifiable social justice, economic, public health impacts does continued prohibition help?
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South African President Signs Marijuana Legalization Bill Into Law - Marijuana Moment
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Bill Ackman embodies the idea that you can achieve success in a very narrow, specific field through a combination of luck and skill and believe that gives you the expertise to expound on topics you know absolutely nothing about.
.
@joerogan
,
@VPrasadMDMPH
has offered to take
@PeterHotez
place in the discussion. This is a debate/discussion that needs to happen. Vinay would help advance the discussion in pursuit of the truth. What do you say?
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This is the investigative reporting about New York cannabis we all need
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@chris_honeybee
Would respectfully push back on this. My own sentiment would be to pass broader reform of course, but the political calculus of banking right now means that every additional equity piece jeopardizes R votes. Pragmatism doesn’t always align with morality, especially in DC.
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SEC Orders Sol Global Founder Andy DeFrancesco to Pay Millions in Stock Fraud Case
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This is a pretty huge deal:
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More Americans are smoking cannabis daily than drinking, per a new study.
But the fear-mongering headlines the study generated are the result of flawed analysis, I write in today's
@CultivatedNews
:
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Executive MBA programs are prime for cultivating a righteous dad bod. They’ve fed us cookies on four separate occasions today.
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This story is hilarious
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Completely inhumane.
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Pretty interesting, I wonder what their big-name VC backers think of them launching a plant-touching product?
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Delivery chicken parm in front of a dumb horror movie for me
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It's no secret that Canopy Growth has had a difficult year.
The company lost about $3.3 billion on $403 million in revenue.
It also fully divested from its Canadian retail operations and laid off 800 workers, amid more cost-cutting measures under CEO David Klein.
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Someone explain why transitional licenses for "grey" market cannabis shops are a bad idea:
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I barely understand what this means
X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.
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Breaking: Conservative commentator doesn't like legal weed, cherrypicks studies to prove point.
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Yes, the guy with the last name "Kennedy" is surely going to stick it to the Establishment!
Nothing like Harvard, a JD from UVA, and a father who was an attorney general and an uncle who was a president to really kick the establishment in the shins.
@DavidSacks
and I held a fundraiser for
@RobertKennedyJr
yesterday. The turnout was amazing - pulling in Democrats, Republicans and Independents.
I would encourage anyone that has even a small shred of skepticism about the Establishment or mainstream media to find an opportunity
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An excellent conversation with
@Joe_Rossi_
on New York's cannabis stumbles, the role of social equity, and where we go from here. All on
@CultivatedNews
Live.
Thanks for joining us!
(There were some technical difficulties but nevertheless, we persisted).
Cultivated Live with Joe Rossi from Park Strategies on New York cannabis
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Philip Morris acquiring Cannabis inhaler developer Syqe Medical for up to $650 million
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@IhabHassane
So journalists from within Gaza haven’t been able to report accurately on the official Hamas narrative without imminent threats to safety and security? (From both Hamas/Israel bombardment)
Seems like a critical issue the international community needs to help solve.
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Succession stuck the landing in ways that few of its prestige-TV peers ever could. It was a haunting finale. We’ll still be rewatching those four seasons in 25 years.
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Good quote from
@JasonGWild
in
@WillYakowicz
piece on how the industry should approach federal cannabis legalization:
“From a balance sheet perspective, you need to act like it’s not going to happen.”
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I, too, have smoked weed in MSG
EXCLUSIVE: Talked to the Phish fan banned from the Sphere (and all Madison Square Garden Entertainment venues) for ripping a bong at the band's 4/20 show in the Vegas arena. He has no regrets — despite being kept out of the Dead & Co. show tonight.
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Drew Magary on cannabis lounges. I love it
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A new life awaits you in the off world colonies!
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One of the joys of being a reporter nowadays is the entire internet feels entitled to give you anonymous feedback on everything you write.
It's so good for your mental health, speaking from experience.
When I was Chair, I had to review the student evaluations for undergrad courses taught by PhD candidates. Some of the students’ comments were so offensive, I began telling Instructors not to read their evaluations. No employer gets to require you to read anonymous insults.
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If you’re a cannabis employee/investor/executive (even cannabis-related) and you’ve had your credit cards cancelled, please reach out to me via dm or jeremy
@cultivated
.news for a story.
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