The Daily Hit is a recap of the top financial news stories for Tuesday, October 8, 2024. On the Site Mississippi cannabis ad ban gets its day in federal appeals court A federal judge dismissed the lawsuit earlier this year, leading to the appeal. Read more here. New York City …
Cannect Wellness raises $7M, plans expansion in Illinois
Cannect Wellness has secured $7 million in new funding, the company said on Tuesday. The Chicago-based craft cannabis producer plans to use the capital infusion to beef its production capacity, expand its product portfolio and double its workforce. This latest capital infusion brings the firm’s total equity financing to $14.5 …
Survey: Adults Seeking Marijuana-Related Advice Seldom Refer to Healthcare Providers or Government Agencies
“Historically, government-affiliated sources have either embellished or outright lied about marijuana and its effects. So it’s no wonder that the public doesn’t consider them to be credible sources for marijuana-related information.” The post Survey: Adults Seeking Marijuana-Related Advice Seldom Refer to Healthcare Providers or Government Agencies appeared first on NORML.
Number of the Week: 54.7%
54.7% – Percentage of adult-use licenses awarded to social and economic equity applicants in New York When New York legislators passed the bill to create an adult-use cannabis market, a key provision of the law was to incentivize participation by people who qualified as social and economic equity (SEE) applicants, …