The Daily Hit: November 14, 2024
News from: Tilt Holdings, Agrify, Massachusetts, Dan Bilzerian and more.
The Daily Hit is a recap of the top financial news stories for Thursday, November 14, 2024.
On the Site
Tilt Holdings to review strategic alternatives for its plant-touching business
Revenue fell in the quarter due to shipping delays for its Jupiter brand.
Bilzerian v. Bilzerian: Son sues dad over control of Ignite
Dan Bilzerian claims he was unlawfully pushed out of Ignite by his father.
Scores of cannabis farmers sue New York state over botched recreational rollout
The coalition claims that the Office of Cannabis Management’s actions directly led to “financial ruin” for its members.
Massachusetts regulators, OSHA say ground cannabis dust a ‘hazardous chemical’ following Trulieve worker death
Regulators outlined recommendations and rules related to creating a safe working environment for those working with cannabis.
Agrify reports $18.7M loss as leadership charts hemp beverage push
The focus on hemp-based drinks marks a new era for the firm under its new GTI leadership.
Earnings:
In Other News
New Mexico
New Mexico lawmakers on Wednesday discussed the prospect of giving “police power” to the state Cannabis Control Division, which issues permits for the state-legal industry, to ramp up enforcement against the still-thriving illicit market.
Missouri
In less than two years of selling legal recreational cannabis, Missouri’s legal market has grown to $1.4 billion – outperforming states with a longer history of marijuana legalization like Arizona, Colorado and Nevada.
Idaho
The organization Kind Idaho filed a final proposal with the Idaho Secretary of State’s Office that would put the question of cannabis legalization on the ballot in 2026. The petition, if approved, put the question of legalizing cannabis for personal possession and production in front of voters. It would not, however, establish a legal marketplace like the one in Washington state.
