In a bid to avoid oversaturation of the state market, Vermont cannabis regulators this week voted to hit pause on new retail dispensary applications as of Oct. 25. The board made the determination that the 78 stores already open are apparently enough to satisfy demand. The pause will only be …
Pelorus seeks receivership for California’s StateHouse
Pelorus Fund REIT, LLC filed a complaint in a California court Thursday seeking to place StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF) into receivership. The move comes after StateHouse defaulted on four existing loans, according to Pelorus. The private mortgage REIT is requesting the immediate appointment of a receiver to …
Move over Starbucks, it’s PSL season in cannabis
Every fall, coffee drinkers eagerly anticipate the pumpkin spice latte (PSL, IYKYK) drop at Starbucks. The limited-time-only flavor is such a huge hit that the company moved up the drop date this year to garner even more sales. It’s a decision that is being watched closely to see if customers …
The Daily Hit: September 26, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, September 26, 2024. On the Site SEC fines Former Weedmaps executives $175k apiece for ‘misleading’ user numbers The SEC announced earlier that the company agreed to a $1.5 million fine to settle the same allegations of …