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Onward: 

Politics

The all-but-final Election Day tally is California, Massachusetts, Nevada and Maine legalized REC, while Florida, Arkansas, and North Dakota legalized MED.

Arizona rejected a REC measure. Montanans voted to allow a MED industry, though it remains contentious.

Marijuana Business Daily calls it an $8 billion-night based on the combined annual sales projected in the newly legal states. Vox explains the votes. The New York Times has a round-up.

There are now eight more Senators and 68 more members of the House representing REC states, and six more Senators and 33 more members representing MED states. Marijuana.com predicts that it will be harder for them to reject cannabis reform legislation out of hand.

Massachusetts treasurer Deb Goldberg says she may need an extension of the October 2017 deadline to begin accepting license applications. Additional tweaks on taxes, edibles and DUI are anticipated.

How Florida’s MED program will work remains hazy.

Arkansas Governor Asa Hutchinson (R), a legalization opponent and former DEA chief, said the process requires federal input. "It's an example of the states innovating in a risky area, and certainly the states are leading on this, but we're to a point that the federal government is going to have to readdress this," he said. "This does not call for a state-by-state solution, it calls for ... a national solution."

This is an early indication that the cannabis industry will be harder for the Donald Trump administration to ignore than it was for the Obama administration.

Vice president elect Mike Pence (R) has replaced New Jersey Governor Chris Christie as head of Trump’s transition team. Both are known for their hardline stances against legalization, as is former New York City Mayor, Rudy Giuliani, a possible attorney general in the administration.

Several pieces speculate on what a Trump presidency means for legalization. Here are three:  The Cannabist, MJBiz, Reveal (Center for Investigative Reporting).

Drug Policy Alliance head Ethan Nadelmann said, “the federal government retains the power to hobble much of what we’ve accomplished…The progress we’ve made … will be very much at risk when Donald Trump enters the White House.”

Vivian Azer, a stock analyst with Cowen, predicts cannabis will be a low priority for Trump.

Rep. Earl Blumenauer (D.-Ore.), probably pot’s best friend in Congress, said he thinks the industry’s priorities for banking and tax reform could both pass a Republican Congress under president Trump.

Denver’s social use initiative is in the lead with some ballots still uncounted. The Cannabist explains it here. Several cities in Oregon voted to allow the industry.

The Cannabist has a deep dive on the adjustment to legalization in San Diego.
Ballot initiatives aren’t possible in Europe so activists have to appeal to politicians.

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Business

Rob Sands, CEO of Constellation Brands, whose portfolio includes Svedka Vodka and Robert Mondavi wine, said the company is interested in going green. “There are going to be alcoholic beverages that will also contain cannabis.”

The New York Stock Exchange accepted cannabis real estate investment trust (REIT) Innovative Industrial Properties’ listing. It will be the first cannabis REIT to trade on the exchange. It’s ticker will be IIPR.

Canadian producer Aphria announced a C$35M raise, the largest by a public company to date. Legal Canadian growers have raised more than C$313M in the last 13 months.

The New York Times profiles Denver-based Dixie Brands as it builds a national presence.  (For more on interstate trade, see my April story in The Washington Post.)

WIRED tells us to “Get ready for the Budweiser of bud.”

Adrian Sedlin, CEO of California grower CannDescent, told Fortune that leaving California companies without bank accounts is “ not a tenable position.

LAWeekly finds some psyched local cannabis executives. The San Jose Mercury News talks to some pumped-up Investors.

Health and Science

In Slate, scholar Mark A.R. Kleiman writes that “ We’re legalizing weed wrong:”

“Legalization is not only necessary but virtually inevitable, even at the federal level. But I also believe that, by and large, our approach to legalization contains some consequential flaws and that the necessity of such laws doesn’t mean we should rush out and grab the first legalization proposal we’re offered…

“Regulate cannabis like alcohol” is an ugly policy. Our current alcohol laws fail spectacularly to control the harm alcohol does to drinkers and the harm drinkers do to others; an estimated 90,000 Americans die each year of their own drinking or someone else’s. Why repeat that mistake when we legalize another potentially habit-forming intoxicant? What we want is the sort of “grudging toleration” the law now extends to tobacco;

Minnessota doctor Ilo Leppik wants the state to expand MED rules to include dogs. Dr. Leppik believes it may be helpful in treating dogs with epilepsy.

About 20% of Americans naturally feel less anxious due to a gene mutation that causes higher levels of anandamide, an endocannabinoid that occurs naturally in the body.

Scientific American says the “ definition of stoned driving” and a breathalyzer to test for it remain elusive.

Vice asks why some people choose to “ self-medicate with illegal drugs.

Idaho mom Kelsey Gooding has lost custody of her children and plead not guilty to misdemeanor injury of a child after giving her daughter a cannabis smoothie in an effort to control her seizures.

Criminal Justice

Reveal follows up on its investigation of sex abuse of trimmigrants in California’s Emerald Triangle, with an update on how communities have responded.

The Eureka Times-Standard explains your rights in California post Proposition 64. Public consumption will not be allowed except in licensed businesses, which will open in 2018 at the earliest.

Stocks in private prison companies jumped following Trump’s victory. Racial disparities in criminal enforcement remain a concern.

The Nation profiles Bill Montgomery (R), the anti-pot Phoenix prosecutor who won re-election.

An odor problem has earned a Boulder grow $14,000 in fines.

Culture

The NFL Player’s Association said it would explore MED as a pain management tool. The league isn’t budging, for now.

Playboy calls legalization one of the election’s “ silver linings.

Colorado Harvest Company and O.pen vape were among the major donors to Levitt Pavilion amphitheater, a new venue for free concerts in Denver.

This year’s mega conference in Las Vegas promises to be a festive affair. Perhaps the most festive event in any blue state. 

Here's the WeedWeek list of pot journalists on Twitter and the new list of cannabusiness people on Twitter. Both are works in progress. Recommendations welcome.

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Bye,

Alex 

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