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Toasty

Husband And Wife Team Created America’s First Publicly Traded Cannabis Company [THE KATCHUP PODCAST]

Amy Oppedisano (left) + Derek Peterson (right). Photo courtesy Jaughn Baron.

In a “land of the free” where federal law considers cannabis an illegal drug, how could a publicly traded plant-touching company ever exist?

New episodes of The Katchup Podcast are available every Thursday on iTunes, Spotify, PodbeanSoundCloud, and Stitcher.

Amy and Derek, co-founders of Terra Tech Corp, the publicly traded umbrella company that owns Blüm retail medical cannabis stores, stopped by the Foodbeast office to answer our most curious questions on legal cannabis. As part of our weekly podcast, The Katchup, we learn of the young couple’s origin stories, how they left well-regarded careers in finance (Derek) and interior design (Amy) to pursue what many are calling the new “green rush.”

We leave no topic uncovered, everything from the two being robbed at gun-point during their first delivery, to what goes in to designing their store fronts that High Times refers to as “the closest thing to a Starbucks in the dispensary world.”

Don’t sleep on this episode.

 

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Hit-Or-Miss

East Coast Delivery Service “Gifts” Free Pot On Juice Orders

It’s impossible to quantify love. However, it seems a cold-pressed juice delivery company has found a way to add “love” to juice orders, and people are actually paying for it.

In fact, for (at least) $55, customers can receive a bottle of juice, and are “gifted” some “love” —  which is actually a code for free pot.

juice delivery free pot

For most people, a juice delivery service giving out free pot might seem like an illegal activity. But, companies like Washington D.C.-based HighSpeed Delivery, are actually operating within legal parameters.

As states like Massachusetts continue to roll out recreational pot laws, delivery services across the East Coast are capitalizing on sales, by covertly operating in a gray-area established by Initiative 71.

In 2014, Initiative 71, also known as, “Legalization of Possession of Minimal Amounts of Marijuana for Personal Use Act of 2014″ was approved by more than 60 percent of  voters. Initiative 71 went into full effect in 2015, and essentially gave citizens the right to grow, posses, and gift small amounts (up to two-ounces) of marijuana — without facing the threat of penalty.

HighSpeed Delivery operates in Washington D.C and Boston, is a self-described, “cultural hub” that sells art, music and bottles of juice. Some of the flavors include “Petworth Punch” and “Strawberry Lemonade,” which are listed on the homepage for $11.

However, customers are given the option to add, “love” or “lots of love,” at check out. With the “love” option added, prices on juice increase from $11 to between $55, and “lots of love” will increases to $150.

Although, there is no mention of cannabis or marijuana on HighSpeed’s website, it seems word of mouth has fueled “juice” sales on the East Coast.

Still, some worry that this loophole might be a creative way to skirt operational guidelines — and taxes — for those operating recreational cannabis businesses in Washington D.C. and Massachusetts.

It remains unclear if businesses like High Speed Delivery are actually breaking any laws — as there are no regulations on gifting pot, or even making infused food. Secondly, until selling juice becomes illegal, the High Speed Deliveries of the world will continue to supply their parched clientele.

One thing is certain, the East Coast is thirsty for a recreational cannabis industry, and this tasty loophole illustrates how far companies will to fill the well.

Categories
Hit-Or-Miss

Hershey Suing Weed Candy Maker Over Punny Knock-Offs

hersheys-edibles-lawsuit-

Hershey has filed a lawsuit against TinctureBelle LLC and TinctureBelle Mari`juanka LLC, who make medicinal marijuana laced products in Colorado, because of the alleged likeness to their “Reese’s,” “Almond Joy,” and “York” products.

At first glance, “Hashees,” “Ganja Joy,” and “Dabby Patty” candies might have a fimiliar look, and that’s good enough reason for Hershey to take an edible weed candy company to court.

Although the punny names are cute, Hershey says they’re misleading and thinks the products could be dangerous if people mistake the marijuana chocolates for their own.

The lawsuit states that the “Defendants, who are well aware of the fame and popularity of these Hershey products and marks, are manufacturing and selling cannabis… in order to increase sales and… draw additional attention to their products.”

Not only does Hershey want them to stop selling the marijuana candy, but return any profits made from those candies as well.

Tincture Belle also sells Medicated Rub, Lotions, Soaps and Lip Balms, but they might have to soon change the way they package their candy.

H/T Consumerist