Falling sales, too many stores and declining cannabis prices have harshed the buzz for Arizona’s big cannabis market, with sales declining in both the medical marijuana and adult-use markets. According to cannabis data firm Headset, between August 2022 and July 2024, total sales in the state “peaked in March 2023 …
The Daily Hit: August 21, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, August 21, 2024. On the Site Massachusetts social equity fund tops $27 million A new new round of grant funding is being planned, but no dates or details are available yet. Read more here. New York …
Massachusetts social equity fund tops $27 million
The state of Massachusetts is poised to distribute more than $27 million in funds among social equity cannabis businesses, after a fund dedicated to supporting such companies got a cash infusion earlier this year. The state Cannabis Social Equity Trust Fund was originally underfunded due to a technical glitch and …
New York cultivators have a year to submit a sustainability plan
New York’s Cannabis Advisory Board met on Tuesday and detailed plans for the state’s cultivators to begin preparing to address the sustainability requirements outlined in the Marijuana Regulation and Taxation Act (MRTA). Protecting the environment and improving the state’s resiliency to climate change are two key intentions of the law. …