StaffThe Daily Hit is a recap of the top financial news stories for Thursday, July 25, 2024.
On the Site
Illinois governor touts his state’s cannabis social equity program: Poised to be ‘national standard’
A state study found that 60% of Illinois’ adult-use permit holders were women or minorities.
Michigan lawmakers propose merging medical, recreational cannabis licenses
The merger would largely ends the state’s diminishing medical marijuana sector, at least for businesses.
New York regulators hit with $5.6M suit for alleged payback
A licensed CBD maker sued state regulators again, alleging retaliation for whistleblowing.
Tension grows between New York regulators and local police over illegal cannabis shops
OCM plans to retain dedicated personnel for shutting down illicit shops in the long term.
Smaller dispensary chains show strong performance in Florida market
Size doesn’t always win in the Sunshine State.
In Other News
Thailand
Thailand’s move to shelve a plan to re-criminalize cannabis in favor of tightening regulations is a “people’s victory,” according to the leader of a party that’s widely credited for spearheading a landmark decriminalization two years ago.
Minnesota
The Office of Cannabis Management opened its application window for a precious batch of preapproval licenses for would-be cannabis businesses that have been verified as involving social equity applicants.
Connecticut
Hundreds of alleged and “presumed” THC products, and prescription pharmaceuticals were seized in Connecticut this week in what authorities said was a broad “inter-agency enforcement effort.”
