The Daily Hit is a recap of the top financial news stories for Wednesday, August 21, 2024. On the Site Massachusetts social equity fund tops $27 million A new new round of grant funding is being planned, but no dates or details are available yet. Read more here. New York …
The state of Massachusetts is poised to distribute more than $27 million in funds among social equity cannabis businesses, after a fund dedicated to supporting such companies got a cash infusion earlier this year. The state Cannabis Social Equity Trust Fund was originally underfunded due to a technical glitch and …
New York’s Cannabis Advisory Board met on Tuesday and detailed plans for the state’s cultivators to begin preparing to address the sustainability requirements outlined in the Marijuana Regulation and Taxation Act (MRTA). Protecting the environment and improving the state’s resiliency to climate change are two key intentions of the law. …
The analysts at Viridian Capital Advisors celebrated what they saw as a positive trend of debt refinancing deals over the past month, and wrote in their Chart of the Week that “cannabis credit markets have come back to life.” Viridian cited the July closing by Ascend Wellness Holdings Inc. that …