StaffThe Daily Hit is a recap of the top financial news stories for Thursday, June 6, 2024.
On the Site
Confusion, uncertainty in New York amid fallout from cannabis audit and resignation of key regulator
Not knowing who will be in charge creates its own set of questions about which policies will get top billing.
Green Thumb’s pursuit of Sam Adams brewer goes beyond beer and cannabis
GTI and other U.S. cannabis companies have been anxiously awaiting the day when they can move to U.S. stock markets.
Missouri picks 57 new cannabis license winners via lottery
If all the winners clear their final hurdles, the Missouri marijuana market will add 33 microbusiness wholesale permits and another 24 microbusiness dispensary licenses.
Michigan businessman gets prison time for $1M medical marijuana tax evasion
The feds allege Richmond used cash and an unrelated third-party bank account to conceal the company’s gross receipts.
Louisiana tweaks rules for hemp, medical cannabis markets
One bill lowers the potency caps on hemp products and requires potency testing.
Cannabis Media Council publishes 2024 advertising guidelines report
Cannabis marketing continues to be unfunded or underfunded (often less than 5% of annual operating budgets).
In Other News
North Carolina
The Eastern Band of Cherokee Indians Tribal Council voted to amend Tribal Code to allow the sale of recreational marijuana, opening the door for North Carolina’s first recreational marijuana dispensary to open on the Qualla Boundary by the end of the summer, despite the drug being illegal in the state.
1933 Industries
1933 Industries Inc. (CSE:TGIF) (OTCQB:TGIFF), a Nevada-focused cannabis cultivator and producer, reached an agreement to amend the expiry date of its outstanding 3.7 million warrants from June 13, 2024, to Nov3 9, 2025. The exercise price and all other terms of the Warrants will remain in full force and effect.
Rodedawg International Industries
Rodedawg International Industries Inc. (OTC: RWGI) signed a letter of intent to acquire a dispensary license in Costa Mesa, California.
