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 …

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 …

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. …

The U.S. Drug Enforcement Administration put Georgia pharmacies on notice that they could be targets for federal enforcement if they engage in medical cannabis commerce. That could have a chilling effect on the nascent southern marijuana market. On Nov. 27, the DEA’s Diversion Control Division sent a notice to many …