Cannabis tax rates in California are going up. Again. The state’s 15% excise tax rate on all cannabis products is set to increase to 19% on July 1 next year, which will reportedly happen automatically unless state lawmakers intervene in the coming legislative session, which kicks off in January. The …
The Daily Hit is a recap of the top financial news stories for Tuesday, November 12, 2024. On the Site Eaze secures $10M to resurrect cannabis operations after foreclosure drama The company did not specify whether previously announced layoffs and closures would be reversed. Read more here. New York cannabis …
GrowGeneration Corp. (Nasdaq: GRWG) reported a wider third-quarter net loss as revenue declined amid store closures and consolidation. The Colorado-based hydroponic and garden chain posted a net loss of $11.4 million for the period ending Sept. 30, versus a loss of $7.3 million in the year-ago period. Sales fell 10% …
Colorado-based SHF Holdings Inc. (Nasdaq: SHFS), which does business as Safe Harbor Financial, swung to a profit in the third quarter as expenses declined and interest income from its lending business increased. The Colorado-based company reported net income of $353,817 for the period ending Sept. 30, versus a net loss …