45% – Number of likely voters in North Dakota in favor of adult-use legalization Will the third time be a charm? North Dakota voters will once again vote on whether to legalize adult-use cannabis in the state. A recent poll called the measure too close to call with less than …
Nasdaq just says no to penny stocks
Whether it’s ego or just a desire for legitimacy, cannabis companies have often viewed a Nasdaq listing as a sign of success. It was a badge of honor and a step above the OTC Marketplace. You were selling at Bloomingdale’s not Dollar General. But as the saying goes, be careful …
The Daily Hit: October 21, 2024
The Daily Hit is a recap of the top financial news stories for Monday, October 21, 2024. On the Site Investors begin class action lawsuit against Weedmaps The lawsuit follows agreements by the company and former executives to pay fines regarding misleading statements. Read more here. Arkansas Supreme Court kills …
Auction marks end of beleaguered Michigan marijuana company’s grow operation
This story was republished with permission from Crain’s Detroit. The remaining assets — ovens, centrifuges, laptops, lighting and a candy production line — of the state’s once-largest marijuana growing operation are up for auction. Skymint, whose cultivation assets have been under the authority of a court-ordered receiver since March 2023, …