Happy Weed Wednesday. Inflation is super high and hopefully you'll be too at some point soon. Here’s what we got for you this week: 

• Weed in the metaverse: The virtual world just got a little better

• Business highlights: Aurora Cannabis stock down 39%, Boston Beer Co. reveals new cannabis-infused tea, Scotts Miracle-Gro is crushing it, Q1 earnings highlights

• Texans have spoken: Weed is pretty popular in the Lone Star State

• Pot Politics: Rhode Island legalization, California getting billions from Marijuana tax, companies teaming up to sue the federal government

Buying weed in the metaverse

Does anyone actually fully understand what the metaverse is? If you do, definitely let us know because we’re still trying to figure it out.

One thing we do know is that you can apparently buy weed in the metaverse. To wrap our minds around this, we spent some time exploring The Higher Life CBD Dispensary on 3 Dendrite Street in the metaverse. Yes, this is an actual street in the virtual world. 

Moving around in the metaverse isn’t very easy on a computer but we figured it out eventually. After roaming around the store for a little bit, we got to a section that had cannabis products from Saucey Farms & Extracts and Higher Life CBD Dispensary. Each product had a link you can click on, taking you to a page where you can purchase a real physical version of the product. Sorry, don’t think they have figured out a virtual way to consume cannabis yet. But we'll definitely let you know if that ever becomes a thing.

Although it’s obvious we're still in the early stages of this shift to virtual reality, we can understand how this can catch on in the future and all the new business opportunities that can come with it. Imagine a virtual cannabis shop where you can explore products that can be shipped to your house and where you can also buy some metaverse merch in the form of a NFT. Best of both worlds.

We definitely live during some interesting times. Look forward to smoking a virtual joint with everyone at some point in the future.

Business highlights

• Shares of Aurora Cannabis were down 39% in one day of trading

• Boston Beer Company just launched a cannabis-infused iced tea

• Scotts Miracle-Gro is growing bigger thanks to cannabis

• Canopy Growth's revenue declined by over 20% sequentially in Q4

• Harborside Inc. sees revenue growth of nearly 40% in Q1

• Decibel had a record breaking Q1

Texas showdown: Weed vs Joe Biden and Others

If you had to guess, which of the options below is most popular with the people of Texas?

• President Joe Biden

• Vice President Kamala Harris

• Texas Governor Greg Abbott

• Weed

• California Pizza Kitchen

Hint: it's none of the politicians

If you guessed Joe Biden or California Pizza Kitchen, you definitely don’t know the people of Texas very well. According to a recent survey from the University of Texas at Tyler, over 80% of respondents supported medicinal legalization and over 70% supported recreational legalization. Those numbers are pretty high (pun intended) compared to what respondents thought about President Joe Biden, whose approval rating was 37%. California Pizza Kitchen wasn’t actually included in the survey but we doubt Texans would like that more than weed.

Why is this important?

Texas has traditionally been a conservative state with very strict cannabis laws. So strict that this guy had to face the possibility of life in prison for making weed brownies. Crazy, right? But with more and more Texans warming up to weed, this will likely force politicians to reevaluate their stance if they want to be competitive in future elections.

Further implications

Going beyond Texas, this trend also has the potential to influence other conservative states as the legalization debate carries on at the federal level. Although many Texans are upset about all the Californians moving to their state, at least they are bringing some good weed vibes with them.

Pot politics

• Rhode Island legalizes weed for adults

• California has collected nearly $4 billion from marijuana tax since 2018

• The federal government is being sued by a team of cannabis companies

• Before you travel, use this as your guide to cannabis legalization in each state

• Cannabis is at the center of the race for Governor in Pennsylvania

Item of the week

With summer right around the corner, seltzer season is officially kicking off. If you're tired of all the basic alcohol seltzers, you should give the Cycling Frog hemp-based THC+CBD seltzer a try. Not only does it taste great, it also gives you a perfect high that will help you get through any family gathering. Even the 4th of July party that ends with your uncles getting in a fight. 

Use the code seltzer25 at checkout to get 25% off your order. 

Quick hits

• LA hosts inaugural Green Street Festival (think cannabis infused SXSW)

• Quarterback gets fired after smoking a joint to celebrate touchdown

• The Supper Club is a fine dining restaurant with a cannabis-infused twist

• The cannabis tourism boom shows no sign of slowing down this summer

• Former NFL star Ricky Williams shares his personal story about cannabis

• The only weed bar in LA is getting high remarks

Best of social media

Meme of the Week

How was today's newsletter?

• 🌳🌳🌳🌳🌳 Top shelf

• 🌳🌳🌳 Mid grade

• 🌳 Bammer