The Daily Hit is a recap of the top financial news stories for Thursday, October 24, 2024. On the Site Federal circuit court sets December hearing for lawsuit seeking to legalize marijuana The hearing is expected to include oral arguments by both the plaintiffs and the U.S. Department of Justice. …
Tag: Investing
RIV Capital tells investors sales have doubled with adult-use products
RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) announced an operational update highlighting the company’s recent achievements ahead of its previously announced business combination with Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) also known as Fluent. Riv Capital, which operates dispensaries under the Etain name, also stated that it has received approval from …
Accounting group pushes for clarity as questions around cannabis tax rules mount
The Internal Revenue Service faces mounting pressure to clarify cannabis tax rules, as a key Supreme Court decision threatens to upend the agency’s interpretative authority and rescheduling looms large over the industry. The American Institute of CPAs in a letter this week urged the U.S. Treasury Department and the IRS …
The Daily Hit: October 23, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, October 23, 2024. On the Site New intoxicating hemp ban on table in coming Texas legislative session A list of GOP priorities for the upcoming legislative session includes a handful of provisions related to the hemp …