Arizona-based TILT Holdings (Cboe: TILT) (OTCQB: TLLTF) announced Thursday that it had secured a new $10.5 million loan for the purpose of building out a trio of new medical marijuana dispensaries in Pennsylvania. TILT didn’t disclose the identity of the lender, other than that the money came from “an experienced retailer …
FDA to weigh safety, impact of MDMA therapy for PTSD at June meeting
The Food and Drug Administration announced Wednesday it will convene a public advisory committee meeting next month to evaluate a drug application for MDMA as a treatment for post-traumatic stress disorder. In a federal notice, the FDA said the Psychopharmacologic Drugs Advisory Committee will discuss the overall benefit-risk profile and …
States collected record $4B in cannabis taxes in 2023
In the decade since the United States’ first regulated adult-use cannabis markets launched, cannabis tax revenues have become an increasingly substantial revenue stream for state governments across the country. A new report from advocacy nonprofit Marijuana Policy Project highlights just how lucrative legalized cannabis has proven for state coffers. Through …
The Daily Hit: May 8, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, May 8, 2024. On the Site Green Thumb continues winning streak with $31 million first quarter profit The increase in revenue was attributed to “increased retail and consumer packaged goods sales.” Read more here. Verano revenue …