Tag: Investing
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Regulatory chaos threatens US hemp industry
The U.S. hemp-derived cannabinoid market has swelled in total value, but the industry continues to face serious threats from a messy patchwork of state bans and regulations that are stunting growth and pushing production overseas, according to a leading cannabis economist. “All this hysteria over cannabinoids is having a profound …
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Report: California regulators suspend cannabis lab’s business license for questionable test results
California marijuana testing facility BelCosta Labs in Long Beach lost its business permit for allegedly inflating THC potency results for clients and other infractions, MJBizDaily reported Thursday, citing an April 10 letter from state regulators to the lab which said its permit was suspended “effective immediately.” The California Department of …
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Fluent posts $40M loss for 2024 despite New York entry, other expansion efforts
Florida-based Fluent Corp. (CSE: FNT.U) (OTCQB: CNTMF) posted a $40.3 million net loss for the 2024 calendar year against $103.5 million in net revenues, the company reported on Thursday after U.S. markets closed. The annual loss was up 78% year-over-year from the $22.7 million net loss reported in 2023, which …