The Daily Hit is a recap of the top financial news stories for Tuesday, October 29, 2024. On the Site New York judge rules city’s cannabis crackdown unconstitutional The ruling only directly affects one business forced to close under the crackdown, but it will almost certainly lead to additional lawsuits, …
Kentucky selects first 26 medical cannabis producers
Kentucky selected 26 businesses Monday to grow and process medical marijuana, as regulators prepare to kick off the state’s cannabis program in January. The businesses were chosen during a drawing at Kentucky Lottery headquarters in Louisville, whittling down nearly 5,000 applications to just over two dozen winners spanning cultivation and …
Arizona dispensaries to launch adult-use marijuana home delivery on Friday
Arizona cannabis consumers will soon have a new option if they don’t feel like leaving home but want to spark a pre-rolled joint. Starting Friday, they’ll be able to order recreational marijuana from the comfort of their homes. That’s when a new policy adopted by the state Department of Health …
Hundreds of New York social equity licenses set to expire in coming months
As New York continues ramping up its adult-use cannabis market, some industry insiders are beginning to sound an alarm: Hundreds of social equity retailers may lose their permits soon if regulators don’t extend mandatory deadlines for those licensees to get open for business. The problem, two cannabis lawyers explained, is …