StaffThe Daily Hit is a recap of the top financial news stories for Wednesday, June 19, 2024.
On the Site
Massachusetts inspector general: State needs receiver to run cannabis regulatory agency
The state’s inspector general found that the commission had been slipping further into dysfunction over the past two years.
New Congressional report finds hemp amendment consistent with Ag policy
The amendment attempts to close the loophole for intoxicating hemp.
Klutch Cannabis wins dispensaries in downtown Cleveland, Northfield Village after state settlement
Klutch brought the lawsuit against the Ohio Board of Pharmacy challenging the results of its processes for awarding dispensary licenses.
Colorado sues illegal hemp company CBDDY
CBDDY is accused of knowingly selling hemp products with high levels of THC
Mindbloom publishes the results of largest ketamine study to date
Mindbloom also announced the launch of a ketamine therapy program designed for people recovering from PTSD.
In Other News
Industrial hemp
The global industrial hemp market is projected to grow from its current valuation of $6.6 billion to $25.7 billion by 2034, largely driven by sustainable innovation, according to a new market report by research and consulting firm Fact.MR. Under this projection, industrial hemp sales are expected to increase at a compound annual growth rate of 14.5% over the next 10 years.
Insa
Insa, a Massachusetts-based medical and adult use cannabis company, is opening two locations in Connecticut – in Hartford and New Haven – this week.
VIIA Hemp Co.
VIIA launched its reimagined brand identity across all touchpoints. These changes offer a simpler, more curated experience for its growing customer base.
