Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) reported stronger sales and a smaller loss for the first quarter ending March 31, as the multistate cannabis company benefited from continued growth in Florida’s medical marijuana market. The Miami-based company booked revenue of $25.2 million for the period, up 14% from a year …

Florida-based Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) and New York-based RIV Capital (CSE: RIV) (OTC: CNPOF) will merge forces into a single new cannabis company, with the blessing of RIV stakeholder Scotts Miracle-Gro (NYSE: SMG), the trio of companies announced Thursday. Once the deal closes, the newly formed multistate operator …

The Daily Hit is a recap of the top financial news stories for Wednesday, May 29, 2024. On the Site Delaware axes ‘qualifying conditions’ for medical cannabis The measure also allows seniors over the age of 65 to self-certify as medical marijuana patients and adds reciprocity. Read more here. Raw …

This story was republished with permission from Crain’s Chicago and written by John Pletz.  Somewhere on the long road to the finish line in Illinois, an effort to rein in hemp products and another to keep struggling new cannabis companies afloat both sputtered. Two bills that passed the state Senate late last week …