The Daily Hit is a recap of the top financial news stories for Tuesday, August 6, 2024. On the Site Ohio welcomes recreational marijuana sales with excitement, celebration Earlier today, adult-use recreational cannabis went on sale at dozens of dispensaries across Ohio, nearly nine months after voters approved Issue 2. …
New Hampshire governor signs two bills to improve medical cannabis access
New Hampshire Gov. Chris Sununu signed into law a pair of legislative bills aimed at greatly expanding the state’s medical cannabis program, which is expected to make it easier for registered patients to get the medicine they need. The first measure, Senate Bill 357, broadens the number of health care …
Survey: Investor interest in psychedelic stocks grows, but few buy in
A new survey suggests investors are interested in psychedelic stocks, but that isn’t translating into growing investment just yet. The study, conducted by Quantum Research Group LLC on behalf of Incannex Healthcare Inc. (Nasdaq: IXHL), found that 66% of stock investors are “psychedelic-friendly,” meaning they have either invested in psychedelic …
New York regulators add more permits, get another earful from licensees ‘hemorrhaging’ money
New York marijuana regulators on Tuesday approved 86 more recreational cannabis business permits, bringing the total number of licenses awarded so far this year to 841 and roughly 1,600 since licensing began two years ago. The state Cannabis Control Board unanimously signed off on the new group of permits, which …