A Delaware Senate committee this week advanced a bill that would provide state-level protections for banks and other financial institutions that serve licensed cannabis businesses. House Bill 355, which already passed in the House, would shield banks, credit unions, armored car services, and accounting firms from state prosecution for working …
Radio silence from THC BioMed after auditor resigns, leaving investors in dark
Last year, Vancouver-based THC BioMed Intl Ltd. (OTC: THCBF) said it hoped to bounce back after some financial setbacks, but it seems like the company opted to go AWOL instead. The Canadian cannabis producer hasn’t provided any company updates since June 2023, leaving investors wondering what’s next for those with …
The Daily Hit: April 25, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, April 25, 2024. On the Site Humboldt County officials report on ‘overall decline’ of local cannabis industry The decline in cultivation applications is a sign that many have lost interest in the legal market altogether. Read …
Humboldt County officials report on ‘overall decline’ of local cannabis industry
California’s Humboldt County, long the heart of cannabis cultivation in the state’s famed Emerald Triangle, has seen an “overall decline” in legal cannabis cultivation business applications since 2018, county officials were told this week by staff. Although the county still has slightly more than a thousand legal marijuana farms – …