After rumors raced through the industry, Ben Kovler, CEO of Chicago-based Green Thumb Industries (GTI) (CSE: GTII) (OTCQX: GTBIF), officially confirmed that he sent a letter to the chairman of  The Boston Beer Company (NYSE: SAMS), Jim Koch, outlining the potential benefits of joining forces. In the letter, which was …

Legal marijuana sales in California have fallen sharply over the last three years, coming in at just over $1.2 billion for the first three months of 2024, according to state data. That’s the weakest three-month sales period for licensed cannabis companies since the second quarter of 2020, when legal sales …

The Daily Hit is a recap of the top financial news stories for Tuesday, June 4, 2024. On the Site Green Thumb to Boston Beer: Let’s talk In a letter, GTI suggested that Boston Beer could be more proactive – rather than reactive – since young people are drinking less …

A panel of independent health advisers convened Tuesday to consider a landmark proposal to approve MDMA as a treatment for post-traumatic stress disorder. In the end, Lykos’ MDMA drug approval proposal to treat PTSD failed with a 1-10 vote, reducing the chance for federal approval later this summer. The Psychopharmacologic …