The Daily Hit is a recap of the top financial news stories for Aug. 31, 2023. On the Site Cannabis Insurance Startup Raises $3 Million on Rescheduling News Frontier Risk Group raised $3.1 million in seed funding with the help of Casa Verde Capital, apparently on the wave of optimism …
Mayor Mike Duggan announces Land Value Tax plan to cut homeowners’ property taxes by 17% on average
WXYZs Brian Abel asked, This is where you grew up? Yea we call it hashtag Hick’s house, said Cortney Hicks, Detroit resident. The second black family on the block, definitely watched it change. Some of […]
Cannabis Insurance Startup Raises $3 Million on Rescheduling News
Frontier Risk Group raised $3.1 million in seed funding with the help of Casa Verde Capital, apparently on the wave of optimism generated by the marijuana rescheduling news this week. The Connecticut-based cannabis insurance firm works with reinsurers unfamiliar with the highly regulated marijuana landscape. It also provides risk management advising …
XS Financial Revenue Rises 80% in Q2
Cannabis financier XS Financial (OTCQB: XSHLF) reported its financial results for the second quarter ending June 30, showing rising revenues and lowered losses as it tries to refinance its debt. The company recorded an 80% year-over-year increase in revenue to $3 million, 56% increase in gross lease receivables, and 83% …