StaffThe Daily Hit is a recap of the top financial news stories for Tuesday, June 11, 2024.
On the Site
Connecticut governor halts social equity funds, orders review of cannabis council
The review comes amid concerns over the council’s transparency and governance practices.
New York cannabis regulators add another 105 business licenses, total now tops 1,100
The Cannabis Control Board also highlighted five key policy priorities for the months ahead.
Stiiizy pushes back on claims of excessive THC
Stiiizy wants the courts to dismiss a case accusing it of having vapes and edibles that exceed THC limits.
Numinus walks back claims made in press releases
Numinus blamed its public relations firm for embellishing claims in the press releases.
Appeals court to hear case on psilocybin use by terminally ill
The Ninth Circuit will weigh whether “right-to-try” laws allow patients to access psychedelic substances.
In Other News
Grown Rogue International
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) announced that 9,947,312 common shares were issued in connection with the early conversion of debentures representing a principal amount of $1.75 million. After the debenture conversion, $4.35 million in convertible debentures remain.
Vermont
Access to Vermont’s medical cannabis program is expanding under a bill that became law earlier this week without Gov. Phil Scott’s signature. The new law will allow existing retail stores to qualify for a license to sell specifically to medical patients, who can access higher-potency products without a sales tax.
Curaleaf
Curaleaf Holdings Inc. has partnered with TerraCycle to recycle cannabis packaging composed of glass, cardboard, and flexible plastic materials for all edible, vaporizer, and flower products from the following Curaleaf brands: Select, Find, Grassroots, Jams, and B Noble.
