New from: US Census Bureau, Ohio, High Tide, Colorado and more.
The Daily Hit is a recap of the top financial news stories for Monday, September 16, 2024.
On the Site
Statesâ coffers filling with cannabis tax revenue
The East Coast leads the country in cannabis tax collection growth.
Companies look for some leeway with Ohioâs restrictive cannabis advertising rules
Ohio is currently one of the most restrictive markets in the country when it comes to advertisements around legal marijuana.
Acreage gets a new lender and pays off the old
Despite the financial maneuverings, Acreage continues to face a mountain of debt.
High Tide revenue tops C$131M in third-quarter beat
The strong performance comes amid High Tideâs ongoing expansion efforts.
Colorado July cannabis sales second-highest of 2024
So far in 2024, only March has recorded higher sales.
Michigan August cannabis sales near $300 million despite Ohio launch
Augustâs sales were up 3% from July and increased even in regions that border Ohio.
In Other News
Akanda Corp.
Akanda Corp. has obtained a license for hemp cultivation in Canada. This license is directly tied to Akandaâs previously announced agreement with 1107385 B.C. LTD, further advancing the companyâs strategic initiatives in the Canadian cannabis market.
Leafly
Leafly has entered into a new partnership with the New York Cannabis Retail Association, a nonprofit coalition of New York dispensary owners. Leafly and NYCRA will sponsor a series of industry events in 2024 and implement marketing initiatives designed to strengthen New Yorkersâ awareness of the importance of buying legal and local cannabis.
Nebraska
A former state senator who is also a former State Board of Health member filed a legal challenge Thursday seeking to invalidate two Nebraska ballot petitions related to medical cannabis.
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