4Front Ventures Corp. (OTCQX: FFNTF) reported a year-over-year revenue decline in the first quarter of 2024 ending March 31, as it continues investing in cultivation and retail growth initiatives. 4Front posted revenue of $18.8 million for the January-March period, down from $26.3 million in the same last year. The Phoenix-based …

A new report on Massachusetts marijuana licensing cautioned against unchecked expansion in cannabis retail and cultivation in the state, as both sectors face oversupply risks. The analysis by Whitney Economics examined licensing data across the state’s supply chain – from cultivators and product manufacturers to retail stores. It aimed to …

The Daily Hit is a recap of the top financial news stories for Thursday, May 16, 2024. On the Site Biden announces ‘monumental’ shift to formally reschedule marijuana President Joe Biden on Thursday confirmed that the Drug Enforcement Administration will be pursuing a proposed rule to reschedule marijuana, calling the …

President Joe Biden on Thursday confirmed that the Drug Enforcement Administration will be pursuing a proposed rule to reschedule marijuana, calling the move “monumental” in a video posted to social media. “Today, my administration took a major step to reclassify marijuana from a Schedule I drug to a Schedule III …