StaffThe Daily Hit is a recap of the top financial news stories for Thursday, July 18, 2024.
On the Site
Report: US cannabis revenue softening
Despite softening sales, cannabis operators remain optimistic.
Delaware governor signs bills to speed recreational cannabis sales
The move puts Delaware on track to launch its recreational cannabis market about a year earlier than initially planned.
Ascend Wellness closes $235M notes offering to refinance debt
The deal ranks as one of the largest debt transactions in legal cannabis so far.
Minnesota warns retail businesses against selling banned hemp goods
In a letter, officials reminded retailers that only delta-8 and delta-9 THC are allowed in hemp products.
Oklahoma cannabis oversight agency to cut 10% of its staff
Oklahoma now has just 6,615 licensed medical marijuana companies, down from a peak of about 14,000.
What to expect from Ohio’s recreational cannabis rollout
The Ohio Division of Cannabis Control has not guaranteed any particular date for adult-use sales to begin.
In Other News
CONSUMER ALERT: Ohio
The Ohio Department of Commerce Division of Cannabis Control (DCC) is issuing a consumer alert warning parents about the dangers regarding cannabis products containing Delta-8 THC that feature packaging that appeal to children.
SIPP Industries
Calypso Pharmaceuticals and SIPP Industries have been discussing options to expand its footprint with established brands in the United States into four additional markets by spring 2025. SIPP is also relocating its headquarters to Dallas from Costa Mesa, California.
DaVinci Vaporizers
Synergy Innovation is launching as a house of brands focused on the cannabis consumption accessories sector with its acquisition of DaVinci Vaporizers and Eyce Silicone. This partnership will restore the brands to their original ownership.
