News from: California, Kamala Harris, Eaze, Ignite and more.
The Daily Hit is a recap of the top financial news stories for Monday, September 30, 2024.
On the Site
Cannabis cafes get green light in California
Governor Newsom signed the bill after his concerns about second-hand smoke were addressed.
Harris endorses federal marijuana legalization
Harris: “I just feel strongly people should not be going to jail for smoking weed.”
Eaze fires back at Green Dragon founders in ongoing litigation
The California-based cannabis delivery company was acquired at auction earlier this year, but the future remains unclear.
It took years, but the SEC has charged Bilzerian and Ignite with fraud
The SEC continues to try to collect on a previous judgement against Paul Bilzerian that has ballooned to $180 million.
Arkansas cannabis ballot measure fails to qualify for November
The secretary of state ruled that the number of valid signatures turned in by the campaign fell just short of the threshold.
Digicann, 3Win poised for reverse takeover arrangement for listing on CSE
The expected new entity, Serewin Corp., would help the vape distributor uplist to the CSE.
In Other News
Tinley’s
The Tinley Beverage Co. Inc. announced that its first production run of Beckett’s hemp-derived delta-9 THC-infused versions of its classic Beckett’s Tonics has been purchased by Total Wine & More for sale at its nearly 80 retail locations in Texas and Florida.
Alaska
The state of Alaska is asking a federal court to throw out a bid by a hemp industry group to block enforcement of regulations prohibiting the sale of intoxicating hemp products, saying the regulations are not preempted by federal law.
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