The Daily Hit is a recap of the top financial news stories for Wednesday, October 16, 2024. On the Site Judge gives initial OK to $8M Aurora Cannabis class-action settlement The suit accused Aurora of engaging in a $21.7 million “round-trip sale” to artificially juice its numbers. Read more here. …
Delaware governor signs cannabis banking protection bill
A Delaware law meant to protect financial institutions and other service providers working with cannabis plant-touching companies has made it across the governor’s desk, according to Marijuana Moment. Gov. John Carney signed the bill, which amends Title 16 of the Delaware Code, last week. The new bill shields banks, credit …
Study: Cannabis Legalization Associated With Fewer Hospitalizations Among Schizophrenia Patients
“These results illustrate that cannabis regulation, coupled with consumer education, can provide sufficient safeguards to protect — and potentially even improve — mental health outcomes, particularly among more vulnerable populations.” The post Study: Cannabis Legalization Associated With Fewer Hospitalizations Among Schizophrenia Patients appeared first on NORML.
Judge gives initial OK to $8M Aurora Cannabis class-action settlement
A federal judge granted preliminary approval to an $8.05 million settlement between Aurora Cannabis Inc. (NASDAQ: ACB) and investors who accused the company of misleading them through an boomerang deal to inflate its revenue, Law360 reported. U.S. Magistrate Judge James B. Clark III gave the initial nod to the proposed …