The Daily Hit: October 23, 2024
News from: Texas, Maryland, New Mexico, Chicago Atlantic Real Estate Finance and more.
The Daily Hit is a recap of the top financial news stories for Wednesday, October 23, 2024.
On the Site
New intoxicating hemp ban on table in coming Texas legislative session
A list of GOP priorities for the upcoming legislative session includes a handful of provisions related to the hemp industry.
New Mexico cannabis regulators request more funding to ramp up enforcement
The Cannabis Control Division also requested more authority to enforce the cannabis regulations in the state.
Upstate New York shop fined $9.5 million for unlicensed marijuana sales
The fine is a “combination of disgorgement, administrative fines, daily penalties and revenue-based penalties.”
Maryland establishes $14,000 grants for technical assistance
The state has also created a private Slack channel for licensees.
Chicago Atlantic REIT nets $50M loan, receives credit rating
The cannabis lender has been actively deploying capital to capitalize on state-level expansions.
Ohio cannabis sales picked up slightly in the first half of October
Midway through October, the pace of adult-use cannabis sales in Ohio is trending flat to slightly up.
In Other News
Gold Flora
Gold Flora Corp. announced that the company’s common shares have been approved to quote on the OTC Market’s Group Inc.’s OTCQB Venture Market under the ticker symbol GRAM.
Nebraska
A recent poll found that 59% of Nebraska voters plan to vote in favor of legalizing medical marijuana in next month’s general election. The state’s voters will see two complementary medical marijuana legalization initiatives on the ballot, one that would legalize the use of medical marijuana and another to regulate cannabis commerce.
