Florida: In Florida, the Supreme Court is deliberating on a legal challenge to a 2024 marijuana legalization ballot initiative. The outcome will …
Tag: Southeast
The Daily Hit: January 2, 2024
The Daily Hit is a recap of the top financial news stories for Jan. 2, 2024. On the Site New York Makes Two MSOs Wait for Recreational Market Entry During a chaotic meeting on Friday, New York marijuana regulators told two multistate operators – Fiorello Pharmaceuticals Inc., which is owned …
Trulieve Closes $25 Million Financing Deal
Florida-based Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced last week that it secured a new commercial loan of $25 million at 8.31% interest for five years. Funds from the deal will be used to help the company pay for ongoing operations. The company put up one of its Florida …
Cannabis Industry Executives Share Predictions for 2024
Yet another turbulent but victory-filled 12 months for many in the cannabis trade is behind us, and plenty of business leaders are ready to focus on 2024. “The forthcoming year will be the most exciting ever in the industry,” said Morgan Paxhia, co-founder and managing director of Poseidon Investment Management. …