The Daily Hit is a recap of the top financial news stories for Thursday, November 7, 2024. On the Site Illinois government blamed for failing social equity cannabis businesses in new lawsuit The lawsuit claims that Gov. Pritzker’s administration implemented “discretionary policies” that led to their troubles. Read more here. …
Tag: Southeast
Green Thumb revenue grows even as same-store sales fall
Chicago-based Green Thumb Industries Inc. (OTC: GTBIF) said Thursday its third-quarter revenue rose 4.2% as the company expanded its retail footprint, even though same-store sales declined. The multistate operator posted net income of $8.6 million for the quarter ended Sept. 30, versus $10.5 million in the same period a year …
What does a Trump win mean for the U.S. cannabis industry?
Now that the 2024 presidential election dust is in the process of settling, cannabis industry insiders may very well be wondering what’s next, given the mixed past policy stances regarding marijuana from President-elect Donald Trump. The answer is that the status quo is probably the worst-case scenario. In a best-case …
The Daily Hit: November 6, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, November 6, 2024. On the Site Florida voters reject recreational cannabis ballot measure Florida’s Governor Ron DeSantis announced on X that Amendment 3 failed. Read more here. Nebraska OKs medical cannabis use, Dakotas reject adult-use Election …