News from: The Cannabist, Green Thumb Industries, Detroit, Trulieve and more.
The Daily Hit is a recap of the top financial news stories for Thursday, October 3, 2024.
On the Site
Cannabist lender fed up with being ghosted
FiSai holds $50 million of The Cannabist’s debt and is getting nervous about the company’s poor performance.
Green Thumb employees have buyers remorse over becoming a union shop
If the GTI employees win the decertification election, around 275 workers will no longer be covered by the UFCW.
Detroit suburb’s cannabis licensing became a 3-week campout
The Detroit suburb of Redford effectively incentivized the camp out by promising to issue permits on a first come, first served basis.
New York cannabis report reveals latest license numbers, sales stats
The newly released implementation report also calls on regulators to make changes to the existing rules.
Trulieve sues Florida GOP over ‘deceptive’ anti-cannabis ads
The medical marijuana giant’s lawsuit targets “monopoly” claims about Amendment 3 in political ads and mailers.
Ohio exceeds $87 million in adult-use marijuana sales in first two months
Compared with some neighboring markets, Ohio’s adult-use launch has been rather successful.
In Other News
South Dakota
The South Dakota Department of Health is appealing a case against medicinal marijuana company to the state Supreme Court. Puffy’s LLC V. State of South Dakota rose after the Rapid City medical cannabis market saw more applicants than available licenses.
Nature’s Herbs and Wellness Center
The U.S. Equal Employment Opportunity Commission is suing a Colorado marijuana dispensary, alleging that it fired a budtender for memory issues stemming from a mini stroke when she was nine years old, while privately calling her a “fruitcake.”
Fernway
Massachusetts-based Fernway generated $11.1 million in wholesale revenue and an estimated annualized retail gross merchandise value of more than $95 million for the quarter ended Sept. 30.
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