The Daily Hit is a recap of the top financial news stories for Thursday, December 12, 2024.
On the Site
Dr. Green launches new digital platform to drop ship cannabis from Portugal
Under a newly-unveiled business concept from Dr. Green, customers get to become cannabis dealers without ever touching the product or applying for a license, all courtesy of a new blockchain-based model. Read more here.
DeFloria advances cannabis-based autism drug through early trial
DeFloria announced Thursday that its experimental cannabis-based drug for autism spectrum disorder showed positive early results, with patients tolerating the treatment well across multiple dose levels. Read more here.
Ohio is selling over $73 million in marijuana per month – with more growth to come
Statewide cannabis sales have held relatively steady at elevated levels in the four months since the launch of Ohio’s adult-use market, according to the latest figures from the Ohio Division of Cannabis Control. Read more here.
Illinois Gov. Pritzker to take aim at hemp-derived delta-8
Gov. JB Pritzker plans to make the case Friday for the Illinois House of Representatives to pass a law to crack down on intoxicating hemp during the lame-duck session next month. Read more here.
Cannabis shopping loses its buzz, starts looking like regular retail
For an industry that once treated every dispensary visit like a special occasion, cannabis retail is starting to look remarkably ordinary. Read more here.
In Other News
Michigan
State regulators took disciplinary actions against 30 cannabis businesses in November, the Michigan Cannabis Regulatory Agency announced Thursday. Read more here.
Connecticut
Retail sales of cannabis climbed in November for a second month in a row as the price per gram of cannabis continued to fall, according to data from the Department of Consumer Protection. Read more here.
[[{“value”:”News from: Ohio, Illinois, Dr. Green, DeFloria and more.
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