StaffThe Daily Hit is a recap of the top financial news stories for Tuesday, December 17, 2024.
On the Site
STIIIZY faces another suit over marketing to teens, psychosis claims
The new challenge adds to its laundry list of lawsuits as scrutiny mounts over youth targeting, illegal dispensaries.
Massachusetts regulators advance social cannabis consumption rules
The state’s Cannabis Control Commission is targeting mid-2025 to launch the program.
Alabama cannabis regulators slash business fees by a quarter
The one-time-only discount is only available to operators who were licensed a year ago.
Missouri sees slew of bills to regulate growing hemp market
Alcohol distributors and hemp companies are battling over THC limits and sales restrictions.
MediPharm Labs sells Ontario facility for C$5.5M as part of streamlining plan
Kensana wants to use the facility to develop an FDA-approved topical chronic wound treatment.
Charlie Fox opens largest northeast dispensary in Times Square
Charlie Fox is hoping to cater to tourists and commuters alike.
In Other News
Michigan
Michigan cannabis sales for November were higher than expected, according to data from the Cannabis Regulatory Agency. Total sales were $276.4 million, up 6.1% from a year earlier, and 2.9% from October. Medical marijuana sales were slightly less than $900,000.
Aurora Cannabis
Aurora Cannabis announced a distribution partnership between The Entourage Effect and MedReleaf Australia. The Entourage Effect provides comprehensive distribution and support services to pharmacies in Australia and will serve as a wholesaler for MedReleaf Australia’s portfolio of products under the CraftPlant, Aurora and IndiMed brands.
Numinus Wellness
Numinus Wellness closed its previously announced definitive agreement with Stella, an interventional psychiatry practice focused on treating PTSD, anxiety and depression with biological modalities, of the sale of the company’s five Wellness Clinics in Utah for $3.53 million.
