StaffThe Daily Hit is a recap of the top financial news stories for Monday, November 18, 2024.
On the Site
New York judge rules some hemp shops can remove ‘illicit cannabis’ signs
The lawsuit is challenging crackdown efforts by city officials.
Georgia medical cannabis industry set to expand as patient registry grows
It took a year and a half for the patient registry to top 25,000.
USDA pushes hemp testing change back to end of 2025
Delays in lab certification led to concerns about testing capacity for the 2025 growing season.
Michigan cannabis prices hit another record low, but industry believes turnaround imminent
The price compression is largely attributed to product oversupply, but the illicit markets also plays a role.
In Other News
New York
The New York State Office of Cannabis Management launched a new seed-to-sale tracking system to enhance regulatory oversight and transparency within the state’s cannabis industry.
Alabama Medical Cannabis Commission
The Alabama Court of Civil Appeals rejected the state’s Medical Cannabis Commission attempt to dismiss a lawsuit challenging its controversial licensing process.
Illinois
Illinois recently launched the Cannabis Research Institute (CRI) in partnership with the city of Chicago, which is currently being housed in a former COVID-19 testing facility.
