StaffThe Daily Hit is a recap of the top financial news stories for Wednesday, April 10, 2024.
On the Site
AgriCann shuts down cultivation for three months
Despite efforts to kickstart growth in 2023, it wasn’t enough to stem the company’s cash outflow.
Ohio recreational marijuana sales could begin as soon as June
The state’s Department of Cannabis Control has been moving quickly to get industry rules in place.
New York lawmakers poised to kill proposed cannabis farmer relief package
Reports out of the state capitol indicate that the relief package was cut from the state budget proposal.
PharmaCielo takes steps to establish Thai market
The company has maintained a long-term strategy of entering new markets early.
Border Patrol seizes legal marijuana in New Mexico. Is Michigan next?
Reports coming from the southwest could trigger concern in Michigan, which shares 721 miles of border with Ontario, Canada.
In Other News
Pennsylvania adult-use legalization
Just ahead of a Pennsylvania committee meeting on cannabis reform this week, House lawmakers have introduced a bill to legalize marijuana that the lead sponsor says is “grounded in safety and social equity.”
Minnesota
A couple of token changes in Minnesota’s new marijuana bills are highlighting concerns about whether a legal supply will be available when retailers launch sometime next year.
Weedmaps
WM Technology (Nasdaq: MAPS) received an expected delinquency notification letter from Nasdaq’s Listing Qualifications Department as a result of the company’s failure to timely file its Annual Report on Form 10-K for the year ended Dec. 31, 2023.
