StaffThe Daily Hit is a recap of the top financial news stories for Tuesday, July 23, 2024.
On the Site
New Mexico Cookies retailer agrees to $350,000 settlement over opening-day violations
The company had initially requested a formal hearing or settlement after receiving the notice in April.
Report: Cannabis rescheduling could create job more than 50,000 jobs
The DEA specifically requested economic data when it published the proposed rescheduling rule in May.
What happens to bongs and pipes under Schedule 3?
Schedule III won’t really change the legal landscape for paraphernalia, but the desire to seize the products may shrink.
Cannara Biotech reports 27.6% revenue increase in fiscal third quarter
Cannara attributed its entry into Manitoba and new products for its success in the quarter.
In Other News
Michigan
Michigan’s Cannabis Regulatory Agency laid out how the Drug Enforcement Administration’s plan to change the classification of marijuana from a Schedule I to a Schedule III drug could benefit Michigan consumers and cannabis companies, from potentially allowing businesses to file for bankruptcy to offering consumers products that meet uniform safety standards.
Final Bell Holdings International
Final Bell Holdings International Ltd. will be offering rights to holders of its Class A Subordinate Voting Shares and Class B Proportionate Voting Shares to subscribe for one Share of the same class. Assuming the exercise of all rights, the offering will raise gross proceeds of up to approximately $5.1 million.
