Flora Growth Corp. (NASDAQ: FLGC) is doubling down on its efforts to expand in the U.S. cannabis market, announcing a joint venture with Althea Group Holdings to enter the hemp-derived beverage sector, the company announced Tuesday. The 50/50 joint venture, named Peak USA LLC, will combine Flora’s brand development, sales, …

The Daily Hit is a recap of the top financial news stories for Monday, June 3, 2024. On the Site Rescheduling, 280E tax reform, and Trulieve: How the cannabis industry could be poised to save billions Although it’s now widely accepted that the ongoing marijuana rescheduling process by the Drug …

Florida Gov. Ron DeSantis reportedly plans to veto a bill that would ban consumable hemp-derived products, such as delta-8 THC, according to sources close to the governor who spoke to CBS News Miami. Such a move could bolster the state’s hemp industry while simultaneously undermining a marijuana legalization initiative set …

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 …