64% – Percentage of likely voters who said they would vote yes on Florida’s Amendment 3 While several states – including both Dakotas, Arkansas and Nebraska – will have medical cannabis legalization initiatives on their ballots, the industry’s eyes are squarely on Florida, where Amendment 3 stands poised to legalize …
Tag: Investing
The Daily Hit: September 16, 2024
The Daily Hit is a recap of the top financial news stories for Monday, September 16, 2024. On the Site States’ coffers filling with cannabis tax revenue The East Coast leads the country in cannabis tax collection growth. Read more here. Companies look for some leeway with Ohio’s restrictive cannabis …
High Tide revenue tops C$131M in third-quarter beat
High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) reported its third-quarter financial results ending July 31, outpacing analysts’ expectations. The company posted revenue of C$131.7 million (US$96.9) for the quarter, passing the Yahoo Finance average estimate of US$94.35 million. The new record was a 6% rise from both the previous year …
Michigan August cannabis sales near $300 million despite Ohio launch
Although some cannabis companies in Michigan may have feared the launch of the Ohio marijuana market last month, it appears that locals still have quite the healthy appetite for the plant, given that sales topped $295 million in August. According to the state Cannabis Regulatory Agency, Michigan dispensaries sold a …