The Daily Hit is a recap of the top financial news stories for Tuesday, June 11, 2024. On the Site Connecticut governor halts social equity funds, orders review of cannabis council The review comes amid concerns over the council’s transparency and governance practices. Read more here. New York cannabis regulators …

Nearly two months after sending out press releases that crowed about the company’s advancements, Numinus Wellness Inc. (OTC: NUMIF) walked back those claims and blamed its public relations firm for the mistake. Numinus released a statement after the markets closed on Friday, June 7, saying, “The releases were inadvertently disseminated …

The Ninth Circuit Court of Appeals is set to hear arguments in August in a closely watched case about whether terminally ill patients have the right to use the psychedelic drug psilocybin under federal and state “right-to-try” laws, Law360 reported. The case, Advanced Integrative Medical Science Institute v. U.S. Drug …

New York legislators approved a bill that would allow marijuana farmers markets to become a regular part of the state’s legal cannabis landscape. The legislation, sponsored by Sen. Michelle Hinchey and Assemblymember Donna Lupardo, both Democrats, now heads to Gov. Kathy Hochul’s desk for consideration, Marijuana Moment reported. Under the …