Pete Biggam

"Browser, Rebooted": From Dia’s acquisition to Comet, Claude, and Fellou—AI is rewriting the battle for the entry point https://lnkd.in/gJsKvZQJ

SACRAMENTO, CA – February 2025. California will implement a groundbreaking regulatory mandate for cryptocurrency companies starting July 1, 2025. The state's Department of Financial Protection and Innovation (DFPI) will require all virtual asset firms operating within its borders to obtain a license under the Digital Financial Assets Law (DFAL). #California #Compliance #CRYPTOCURRENCY #DFAL #REGULATION

Policy Summary: Establishing a Cannabis Business Development Council (CBDC) in Nevada Target Audience: Nevada Legislators, Economic Development Officials, Cannabis Stakeholders Purpose: To create an independent, state-backed Cannabis Business Development Council (CBDC) that fosters innovation, market growth, and strategic development in Nevada’s cannabis industry—separate from the regulatory and enforcement role of the Cannabis Compliance Board (CCB). The Problem: The Cannabis Compliance Board (CCB) was built to regulate—not grow—the cannabis industry. Over-reliance on compliance has led to stagnation, licensee failures, lackluster lounges, and a thriving unregulated market. Corporate cannabis interests have dominated licensing and supply, while craft, veteran, and legacy operators are sidelined. The Solution: The CBDC Establish a Cannabis Business Development Council to: Develop public-private partnerships with cultivators, brands, lounges, and beverage innovators. Promote a Las Vegas-grown genetic identity. Support cultural education, terpene literacy, and consumer engagement. Launch branding, tourism, and market development campaigns (e.g., “Built in Vegas”) Provide direct business support, retail innovation incentives, and market data access Fiscal Impact and ROI: Projected to add $50–100M in new cannabis revenue within 5 years Additional $8–12M/year in state tax revenue Job creation: 2,000+ new positions across supply chain, tourism, and retail Cost: ~$395,000/year Estimated 5X return on investment via increased economic activity and tax base expansion Implementation Goals: Appoint council members from diverse industry sectors (craft, veteran, retail, genetics, tourism) Operate under the Governor’s Office of Economic Development Align with—but operate independently from—the CCB Launch consumer-facing terpene education and technology initiatives Provide mentorship, and promotional resources to small operators Urgency Social equity licensees are failing Cannabis investors are leaving Nevada Consumers trust the legacy market over the legal one The window to reclaim market leadership and consumer loyalty is closing fast The CCB isn’t broken—it’s just doing the wrong job alone. Nevada’s cannabis market deserves more than enforcement. It deserves development. The Cannabis Business Development Council is how we plan for what’s next—not just what’s legal.