StaffThe Daily Hit is a recap of the top financial news stories for Wednesday, June 12, 2024.
On the Site
Colorado has worst April cannabis sales month since 2016
The year-over-year sales decline came despite high hopes for 4/20.
Blüm wins eviction lawsuit against People’s California
Unrivaled has been looking to distance itself from associations with People’s California after lengthy legal struggles.
Anson Funds to pay $2.25 million for secret short seller relationship
Anson Funds had a secret deal with a short selling publisher for negative reports on two cannabis companies.
New York poised to reach $200 million in cannabis sales in June
New data from Weedmaps highlighted that New Yorkers tend to spend more than the national average on orders.
Massachusetts unlikely to act on intoxicating hemp restrictions until 2025
Which state agency has jurisdiction over such hemp goods is also unclear in Massachusetts.
In Other News
I.N.S.A.
Salem, Massachusetts-based cannabis shop I.N.S.A. is appealing a district court order that directed it to bargain with a United Food and Commercial Workers local and to offer to rehire two fired union supporters.
Cannabis research
DaySavers partnered with the Cannabis Research Coalition and The Network of Applied Pharmacognosy on a first-of-its-kind study called The Science of Smokeability, which will focus on the variables that produce the most pleasant and least harmful smoking experience.
