The Daily Hit is a recap of the top financial news stories for Thursday, December 19, 2024. On the Site Farm Bill extension leaves hemp industry rules intact for now, including intoxicating products The farm bill extension would run through March 2025. Read more here. Cansortium completes merger with RIV …
Massachusetts regulators will require cannabis businesses to use a single laboratory for all compliance testing in an effort to prevent companies from shopping around for favorable test results. The state’s Cannabis Control Commission voted 3-0 to require licensed businesses submit testing samples to one independent laboratory starting April 1, 2025, …
Fresh off its biggest deal yet, Organigram Holdings (Nasdaq: OGI) is now refocusing its attention beyond Canada’s borders. The cannabis producer’s executives painted an ambitious picture during Wednesday’s earnings call, detailing plans to dive deeper into Germany’s medical market while squeezing more value from their recent Motif Labs purchase. “There’s …
This story was reprinted with permission from Crain’s Detroit. The year continues to get worse for Michigan’s marijuana growers as prices remain in free fall. Prices for adult-use marijuana prices dropped another 3% in November to $71.80 for an ounce of flower, down nearly 23% from the start of the year, …