StaffThe Daily Hit is a recap of the top financial news stories for Wednesday, July 3, 2024.
On the Site
Rescheduling expert makes case for why Chevron ruling was ‘good thing’ for cannabis
One of the most prominent rescheduling experts in the country on Tuesday emailed out a lengthy essay on why he thinks the Supreme Court’s recent ruling overturning the Chevron precedent was a positive development for marijuana rescheduling, contrary to some other opinions. Read more here.
New Jersey cannabis businessman, activist, won’t be talked out of gray market sales while awaiting permits
Dispensary owner Ed Forchion in Trenton, New Jersey talks gray market operations while trying to transition to the legal cannabis trade. Read more here.
Serenity Clinics sues Irwin Naturals for nonpayment
It seems the owners of Serenity Health Clinics were left empty-handed by Irwin Naturals, and are suing that company and Klee Irwin in Illinois. Read more here.
Mike Huckabee claims Meta platformed phony CBD gummy ads
Former Arkansas Gov. Mike Huckabee filed a lawsuit against Meta Platforms Inc. (NASDAQ: META) on Monday, alleging the company approved and profited from false Facebook advertisements using his name and image to promote CBD products. Read more here.
Grown Rogue agrees to lend ABCO $3 million to finish facility
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) has agreed to lend ABCO Garden State $3 million through a promissory note to finish construction on a cultivation facility. Read more here.
Greenrose files Chapter 7 in New York
The Greenrose Holding Co. (OTC: GNRS) has filed for bankruptcy in the Eastern District of New York. Read more here.
In Other News
Ohio
As of Tuesday, the Ohio Division of Cannabis Control had issued provisional licenses to 80 cannabis dispensaries looking to sell both medical and adult-use marijuana, including 26 in Northeast Ohio. Read more here.
North Carolina
The Eastern Band of Cherokee will start selling recreational marijuana to members of federally recognized tribes on July 4. Read more here.
