StaffThe Daily Hit is a recap of the top financial news stories for Monday, August 5, 2024.
On the Site
Nearly 100 Ohio dispensaries cleared to sell adult-use cannabis
The awarding of the license means these locations can begin selling adult-use cannabis products on Aug. 6.
Whistleblower lawsuit claims New York sheriff’s cannabis crackdown is unconstitutional
The enforcement push has received pushback from a variety of parties in recent weeks.
White California cannabis entrepreneur accepts $40k in social equity funds after calling county program ‘racist’
Loe told a California newspaper that he believes he received the money precisely because he called out the program.
Earnings:
- Ascend Wellness in the red as it trims outlook on higher competition
- Green Thumb beats on second-quarter sales ahead of Ohio launch
- Innovative Industrial posts profit of $42 million in Q2, pays shareholder dividend
In Other News
Oklahoma
Havard Industries, a cannabis testing lab in Oklahoma, tested 15 pre-rolls for their microbial levels from three dispensaries in the state. The study found 14 of them exceeded the threshold of 10,000 colony-forming units for mold and yeast.
Massachusetts
The Massachusetts Cannabis Control Commission says it failed to collect more than $500,000 in licensing fees from applicants over the last two years, but officials insist no money was stolen.
Nebraska
A pair of proposals that seek to legalize, regulate and tax cannabis for Nebraskans 21 years and older were considered by the Judiciary Committee Aug. 2. Both proposals also would remove cannabis from the Uniform Controlled Substances Act.
