Real estate remains one of the biggest challenges for cannabis operators. Locations in legal markets are often highly restricted, and many landlords don’t wish to rent to marijuana businesses. But finding the right location is possible – and real estate investment trusts (REITs) have stepped in to help overcome that …
The Daily Hit: September 9, 2024
The Daily Hit is a recap of the top financial news stories for Monday, Sept. 9, 2024. On the Site Cannabis trade groups celebrate after Trump endorses marijuana rescheduling In a post on Truth Social, the former president also expressed support for Florida’s amendment 3 and the SAFE Banking Act. …
Cherokee tribe launches recreational marijuana sales, draws large crowds
The Eastern Band of Cherokee Indians started selling recreational marijuana to all adults 21 and over on Saturday, marking a milestone for cannabis commerce in North Carolina, where the drug is still otherwise illegal. The Great Smoky Cannabis Company, located on the tribe’s 57,000-acre Qualla Boundary, opened its doors on …
Report: Four cannabis edibles brands ‘dominating’ nationally with 18% of U.S. market
Out of the myriad of marijuana edible brands available across the United States, four of them have risen to the top and control about 18% of the national cannabis edibles market, according to a report from New Frontier Data. The report found that for the week of Aug. 25, Oregon-based …