New York’s legal cannabis market is approaching the $1 billion sales mark, signifying that the rollout has course-corrected significantly from a year ago. But the same ongoing market maturity now has some insiders raising questions about whether regulators will take steps to avoid oversaturation. The state Cannabis Control Board at …
Marijuana lounges and cannabis-friendly yoga studios could become reality in Massachusetts under new rules unveiled last week by state regulators. The Cannabis Control Commission presented three new license types that could take effect by mid-2025: Supplemental licenses for existing cannabis businesses to add consumption spaces. Hospitality licenses for stand-alone venues. …
The attractiveness of the intoxicating hemp market is becoming harder for regulated cannabis companies to ignore. Fewer regulations and less oversight make the profits better and easier than grinding it out in the restrictive cannabis industry. Organigram Holdings (Nasdaq: OGI) is one of the latest big-name companies to focus on …
The Daily Hit is a recap of the top financial news stories for Monday, December 9, 2024. On the Site Last-gasp challenge to Nebraska cannabis law fails, appeal still possible The ruling found challengers couldn’t prove enough signatures were invalid to overturn the initiatives. Read more here. Epidiolex delivers positive …