POT TOPICS is a weekly collection of cannabis-related news curated by the Chicago Sun-Times. Here’s this week’s top stories:
- Former Wrigley Company CEO gets into the pot game;
- The American Osteopathic Association wants the feds to reclassify marijuana;
- Pharmacann introduces dissolvable cannabis capsules;
- Denver pot sales continue to increase;
- Study: Most DUI drivers in Colorado test positive for weed.
Surterra recently closed a $65 million fundraising round that was led by Wrigley. The Atlanta-based company — which manufactures cannabis products and is licensed to operate medical dispensaries in Florida and Texas — has raised over $100 million since 2015.
“I am thrilled to join the Surterra team and help drive their mission to build a best-in-class cannabis healthcare business,” Wrigley said in a statement. “After extensive diligence, we determined that Surterra has the highest quality standards, best products, and most professional management team in the industry.”
During Wrigley’s time at the chewing gum giant, which was founded by his great grandfather, the company acquired Altoids and Life Savers before being sold in 2008 to Virginia-based Mars, the makers of Snickers, Twix and other popular candies. Wrigley currently serves as president of Wychwood Asset Management LLC., a firm that invests in venture capital and private equity interests.
Read the rest of the cannabis rundown at Chicago Sun-Times