When the news that the U.S. Department of Health and Human Services recommended reclassification of cannabis as a schedule 3 drug, several stocks with industry ties popped. The optimism is great, but analysts point out that there are many details that still need to be worked out before any real …

The Daily Hit is a recap of the top financial news stories for Aug. 31, 2023. On the Site Cannabis Insurance Startup Raises $3 Million on Rescheduling News Frontier Risk Group raised $3.1 million in seed funding with the help of Casa Verde Capital, apparently on the wave of optimism …

Frontier Risk Group raised $3.1 million in seed funding with the help of Casa Verde Capital, apparently on the wave of optimism generated by the marijuana rescheduling news this week. The Connecticut-based cannabis insurance firm works with reinsurers unfamiliar with the highly regulated marijuana landscape. It also provides risk management advising …

Cannabis financier XS Financial (OTCQB: XSHLF) reported its financial results for the second quarter ending June 30, showing rising revenues and lowered losses as it tries to refinance its debt. The company recorded an 80% year-over-year increase in revenue to $3 million, 56% increase in gross lease receivables, and 83% …