In a state once seen as America’s most promising medical marijuana market, Florida cannabis operators are now grappling with plummeting prices and slowing sales despite an aggressive push to open new dispensaries — and the scene is about to transform as regulators nearly double the number of licensed operators. Prices fell 30% in the fourth […]
The Daily Hit is a recap of the top financial news stories for Tuesday, December 3, 2024. On the Site With second lease on life, Eaze CEO says Florida key to success Azzalino said Eaze’s upcoming Florida infrastructure investment will be critical to future stability. Read more here. LeafLink projects cannabis market to reach $55 […]
Marijuana multistate operator Curaleaf Holdings said it has secured a $40 million revolving line of credit from a “major commercial regional bank.” Curaleaf will use the credit line from Needham Bank in Massachusetts for general corporate purposes and working capital, according to a news release. Boris Jordan, the New York-based MSO’s chair and CEO, said […]
With nearly all votes counted, a ballot measure to legalize adult-use marijuana will fail in North Dakota. A little more than 53% of voters rejected Measure 5, which would have legalized a recreational cannabis market, according to the latest tally from The New York Times. North Dakota voters also opposed similar legalization efforts in 2018 […]
With nearly all votes counted, a ballot measure to legalize adult-use marijuana failed in North Dakota. A little more than 53% of voters rejected Measure 5, which would have legalized a recreational cannabis market, according to the latest tally from The New York Times. North Dakota voters also opposed similar legalization efforts in 2018 and […]
North Dakota isn’t Colorado or California. It’s not even Oklahoma. Respect for North Dakota’s conservative identity is paramount if the state’s voters – who rejected adult-use cannabis legalization measures in 2018 and 2022 – are to be convinced to legalize cannabis this Election Day, campaigners believe. “I don’t want us to be Oregon or Washington […]
Massachusetts regulators fined New York-based marijuana multistate operators Ascend Wellness Holdings and Curaleaf Holdings a combined $165,000 for neglecting consumer safety practices. The Massachusetts Cannabis Control Commission (CCC) fined Ascend $85,000 on Thursday for omitting roughly 900 marijuana products from the state’s required track-and-trace system, The Boston Globe reported. The allegations, which date as far […]
