StaffThe Daily Hit is a recap of the top financial news stories for Wednesday, December 11, 2024.
On the Site
Berkshire unit seeks dismissal of Trulieve’s insurance coverage case over worker death
Berkshire Hathaway’s insurer says the worker’s death falls outside of Trulieve’s $3.1 million policy with the firm.
Tilray AMA: Cannabis beverages offer the biggest opportunity
The company’s chief financial officer also fielded numerous questions regarding the use of stock to pay debts and its plans to reach profitability.
More California officials caught in cannabis bribery cases
Newly unsealed court records reveal that Baldwin Park officials were soliciting bribes for supporting companies.
Weedmaps to more than double its outstanding shares to raise $224 million
The regulatory filings also provided a glimpse into the inner workings of the company.
Minnesota cannabis regulators scrap lottery for standard licensing
The state will maintain its 50-50 split of licenses between social equity and general applicants.
FBI raids office of Michigan cannabis businesses’ minority owner
The legal troubles will pose a test for Michigan’s Cannabis Regulatory Agency.
In Other News
Cannabis advertising
A Vermont cannabis company is suing the state over advertising restrictions that it claims are free speech violations.
CBD Life Sciences
CBD Life Sciences announced its intent to acquire a cannabis growth license in North Las Vegas, a move that positions CBDL at the forefront of Nevada’s thriving cannabis cultivation market, which is projected to surpass $1.3 billion by 2025.
