54.7% – Percentage of adult-use licenses awarded to social and economic equity applicants in New York When New York legislators passed the bill to create an adult-use cannabis market, a key provision of the law was to incentivize participation by people who qualified as social and economic equity (SEE) applicants, …
The cannabis industry breathed a sigh of relief as news of the East Coast port strike settlement ended a week of uncertainty. The industry, which has already had its fair share of challenges, certainly didn’t need another problem. While cannabis in the U.S. can’t cross state or federal lines, many …
The Daily Hit is a recap of the top financial news stories for Monday, October 7, 2024. On the Site Biggest California cannabis delivery company will close by end of year, lay off 500 employees It’s still unclear what the company’s new owners plan to do with it after the …
Privately held multistate operator Story Cannabis received a $41 million loan from Florida-based cannabis real estate lender AFC Gamma Inc. (Nasdaq: AFCG). Story’s Maryland division, Story of Maryland LLC, will use the funds to refinance some of the business’s existing debt and to pay for ongoing operations. Daniel Neville, CEO …