News from: Ayr Wellness, Michigan, Georgia and more.
The Daily Hit is a recap of the top financial news stories for Thursday, September 19, 2024.
On the Site
In sudden move, Ayr Wellness’ CEO David Goubert is out
The move has caught investors by surprise.
Georgia pharmacy launches medical marijuana sales in defiance of DEA warning
Georgia lawmakers approved the sale of low-THC products through pharmacies to expand patient access.
Michigan marijuana market sets another sales record despite stricter enforcement, new competitors
Low prices have insulated many Michigan operators from the effect of Ohio’s adult-use market launch in August.
Senate committee OKs bill to relax federal hiring rules on past cannabis use
A House version of the measure has languished in that chamber after being advanced from committee.
In Other News
Eaze
Cannabis delivery service Eaze faces a growing backlash in southern California from shift supervisors who said they are paid less than the workers they supervise, struggle to make ends meet on low and stagnant wages, and are at odds with the company over their right to form a union.
Rainbow Realty Group
Rainbow Realty Group IV LLC and Rainbow Realty Group II LLC acquired a 9,800-square-foot industrial building in Ewing, New Jersey via sale-leaseback. Rainbow’s total consideration for the property purchase, reserves and tenant improvements was up to $2.3 million.
Idaho
Marijuana activists in Idaho have now formally submitted paperwork to the secretary of state as part of an effort to qualify a noncommercial legalization initiative for the 2026 ballot.
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