News from: New York, Missouri, Jushi Holdings, Shango and more.
The Daily Hit is a recap of the top financial news stories for Tuesday, September 3, 2024.
On the Site
List of New York cannabis retailers delinquent on bills has just two names
The policy, which prohibits extending credit to companies on the list, appears to be doing what it promised to do.
Mint, Shango announce plans for its Florida purchase
Shango plans to place its products in the newly acquired dispensaries.
Missouri hemp association sues state over intoxicating product ban
The lawsuit argues that DHSS doesn’t have the legal authority to carry out the order.
Missouri does the hokey pokey on hemp ban
The path to implementation is believed to have been marked by intra-party conflict over gubernatorial endorsements.
Fourth Missouri cannabis recall affects 37,000 more products
The recall is for goods made by Blue Sky Health & Wellness LLC.
Jushi Holdings files for C$350 million shelf offering
The Beyond Hello owner has been courting chess pieces as catalyzers such as potential federal rescheduling in the U.S. looms.
In Other News
Organigram Holdings
Organigram Holdings closed the second of three tranches of the previously announced C$124,559,674 follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc.
Vermont social equity
Who should be entitled to a leg up in Vermont’s budding cannabis industry? State lawmakers created a program offering financial help to those harmed by cannabis policies of the past. But a new state Supreme Court ruling is highlighting the nuanced nature of what equity means.
Kentucky
New data from the Kentucky Office of Medical Cannabis shows that more than 2,600 businesses have applied for a medical marijuana license. Of those, over 2,200 of those applications are for dispensary licenses.
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