The Daily Hit is a recap of the top financial news stories for Thursday, August 22, 2024. On the Site Despite governor’s report, most Illinois social equity businesses not operational yet A raft of issues have prevented social equity owners from opening, with lack of investment being the largest. Read …
NJ Panel Rejects Dispensary’s Bid To Revive Application Suit – Law360
A would-be cannabis entrepreneur can’t upend a New Jersey township’s decision to decline her application for a retail license in favor of others, …
Cansortium posts net income of almost $1 million in second quarter
Florida-based Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), which operates under brand name Fluent, reported positive net income of $947,000 for the second quarter of the year, breaking into the black for the first time in 2024. The Sunshine State-based multistate operator also saw revenues increase 12% year-over-year to $27.3 million. …
Nevada awards six more cannabis consumption lounge permits
Nevada marijuana regulators awarded six new cannabis consumption permits via lottery, in a move to further expand the tourist-heavy state’s attractions for ganja fans. According to a news release from the Nevada Cannabis Compliance Board, the winners included Kora Cannabis Lounge LLP, Nevada Consumption Lounge LLP, and four other businesses …