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 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 …

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, …

Louisiana’s hemp industry is challenging a new state law that tightens restrictions on hemp-derived products, arguing it conflicts with federal law and could criminalize products that have been legal for for the half a decade now. According to Law360, the Hemp Association of Louisiana and Cypress Hemp LLC filed a …