Article by Alan Brochstein, New Cannabis Ventures
One of the cannabis industry’s most successful entrepreneurs, Mike “BigMike” Straumietis, the founder and CEO of Advanced Nutrients, was planning a huge Super Bowl party, but, facing pressure from Los Angeles and several agencies, he cancelled it on Saturday after having invested over $1mm. BigMike, visibly upset during a press conference to discuss the events, blamed the stop-work order, which he called nothing new, on discrimination due to his involvement in the cannabis industry.
Straumietis, upon review by his CFO and legal team, will commence the “Super Bowl Lawsuit” and take action against the city and its officials. BigMike has responded to the actions by creating the Cannabis Freedom Fund, which he has funded with $100K, and he will be donating any recoveries from his lawsuit to it as well. Listen to the 11 minute press conference: