4/20 week
Happy 4/20 week to everyone not named in a filing… yet.
You’ve got Jeremy of Cultivated Media reminding everyone that President Trump and The White House isn’t prioritizing rescheduling…
But with industry “receipts” like this? Would you?
Let’s take a stroll through America’s cannabis compliance circus, because nothing says “regulation works” like a multi-state meltdown in the same week.
Loving the recent coverage about Marcus & Metrc in the State of California from Beard Bros Pharms, so let’s look at how that pattern plays out nationally…
First stop: the State of Missouri.
State regulators just recalled another 6,000 cannabis products tied to a 2023 withdrawal, citing “a threat to health and safety.”
Turns out Metrc’s track-and-trace software has a curious habit of spotting danger… only after it reaches consumers.
But hey, this time they got it right. Probably.
Second stop: the State of Michigan
For the past two years, reports have circulated about product from the West Coast entering Michigan’s regulated supply chain on Metrc.
The industry noticed.
Regulators didn’t at first.
And Illinois? They apparently said, “Perfect. Let’s try that model.”
Third stop: the State of Illinois.
In February, Governor JB Pritzker formalized Metrc as a state official compliance vendor despite a multi-state history that’s looking shakier by the week.
Add to that the “grandfathered” transportation licenses handed out during COVID lockdowns, and you’ve got a system that makes it awfully easy to move flower testing over 40% THCa and under 1% THC like it’s a feature, not a regulatory issue.
And now: nuEra Cannabis.
While facing active federal scrutiny, including twelve SEC complaints, nuEra produced documented evidence of:
Fraudulent conveyance and valuations, Wire transfers connected to a listed witness, Hush money offers to drop litigation, Threats to a witness recorded, and their Ally texting a minor child of a witness.
The state and Kwame’s response?
Nu licenses. Nu signage. Nu name: Prairie Cannabis.
Same people. Same tactics.
Different branding. Same approval pipeline.
Bonus round:
Let’s not forget the Illinois class-action lawsuit tied to more issues, because nothing screams credibility like a full-stack legal pileup of issues by Chad.
Now here’s my kicker:
The F'nAround PSA already issued a public notice:
• Constructive knowledge? Documented.
• SEC filings? Submitted.
• Wire documentation? Verified.
• Threats and coercion? Archived.
So anyone still partnering, collabing, selling to, or enabling any of these entities post-PSA?
You’re not uninformed. You’re knowingly involved. And I start editing these names on the complaints 4/21.
I don’t preach.
I won’t protect you.
I just keep all receipts, post a few all while sipping espresso and watching the system light itself on fire.
Happy 4/20 week from your favorite problematic podcaster:
F'nAround, Where the media and truth comes laced with legal.
All assholes. No excuses.