The Daily Struck: January 11, 2024
Virginia Costs Would Certainly Legislate Leisure Cannabis Sales In 2024, Though Risk Of Guv’s Veto Impends Huge
January 11, 2024
Hemp amongst products targeted with $5 million in financing for New york city’s bio-economy
January 12, 2024
The Day-to-day Struck is a wrap-up of the leading monetary newspaper article for Jan. 11, 2024.
On the Website
MedMen Reduced on OTC Market
The OTC Market Exchange knocked MedMen Enterprises Inc. (OTC: MMNFF) down a notch. The beleaguered marijuana business that at once declared to have a billion-dollar assessment is currently obtaining a double-black ruby score on the OTC. Learn more below.
DC Council Relocate To Punish Marijuana Gray Market Gifting
The Washington, D.C., City board altered training course from expanding the city’s clinical cannabis program in 2014 to currently punishing grey market drivers that have actually made no effort to shift right into taxpaying firms. Learn more below.
Pumping the Brakes on De-Scheduling Wishes
Leaving 2023 the marijuana market was high up on hope that marijuana would certainly obtain rescheduled in 2024. What stimulated the favorable ideas was a suggestion in August 2023 from the Division of Health And Wellness and Human Being Providers that the Medication Enforcement Management (DEA) reschedule marijuana from a Course one medication to a course 3 medication. Learn more below.
State Sales Updates: Colorado, Illinois, and Maine
• Colorado cannabis sales for 2023 covered $1.4 billion in November after the state’s marijuana firms offered $110.3 million for the month, the state Division of Income reported Thursday. Learn more below.
• Illinois recreational-marijuana sales were up 5% in 2023 to $1.6 billion, with the speed slowing down from the year prior to, showing the industrywide depression in rates and brand-new competitors from Missouri. Learn more below.
• Maine cannabis retail earnings overshadowed $200 million in 2023 after marijuana firms in the state offered greater than $19 million well worth of item in December alone, the state’s Workplace of Marijuana Plan reported today. Learn more below.
In Various Other Information
CanaFarma
Igor Palatnik, a creator of hemp company CanaFarma, was punished in New york city government court to 6.5 years behind bars after begging guilty to misusing greater than $1.8 million in capitalist funds. Find Out More below.
THE GOLDEN STATE RECALL: Gelato Orangeade
The The Golden State Division of Marijuana Control has actually released a compulsory recall for Gelato Orangeade crossbreed marijuana blossom because of the visibility of Aspergillus flavus. Find Out More below.
