The king is dead, long live the king. The Golden State of California, home to the famed Emerald Triangle and a global cannabis influencer for decades, is now number two – at least in volume of legal, licensed marijuana products sold in the month of March this year, according to …

After rumors raced through the industry, Ben Kovler, CEO of Chicago-based Green Thumb Industries (GTI) (CSE: GTII) (OTCQX: GTBIF), officially confirmed that he sent a letter to the chairman of  The Boston Beer Company (NYSE: SAMS), Jim Koch, outlining the potential benefits of joining forces. In the letter, which was …

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 …