The Daily Hit: 17 September 2024 | Where to buy Skittles Moonrock online
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News from New York, DEA and Empire Cannabis Club.
The Daily Hit is an overview of the top financial stories for Tuesday, 17 September 2024.
On the Site
DEA accepts new standard to determine medical value of drugs
The U.S. Department of Health and Human Services initiated the new two-step cannabis test during its evaluation of cannabis redistribution.
New York City has 2,600 cannabis shops that are not licensed, but only 79 are legal.
Council members questioned whether the program was effective, as more stores opened and fines went unpaid.
Empire Cannabis Club sues New York officials for closings during crackdown on marijuana
Empire’s owner stated that the company’s non-profit model allowed it to operate without a MRTA license.
C3 International executives appeal SEC decision in $6 million fraud case
The case revolves about accusations of fraudulent marketing of C3’s Idrasil cannabis pill.
Other News
C3 Pharmaceuticals
C3 Pharmaceuticals Inc. has executed a tailored subscription agreement with GEM Global Yield LLC SCS, and plans to list at the Canadian Securities Exchange. The capital raised through the IPO will be used, along with a C$135 million commitment from GEM, to expand manufacturing operations and to introduce Idrasil in the U.S.
Naturae
Naturae, a cannabis and hemp extraction company, is rebranding under the name of its top-selling brand Jaunty. The company, which has been licensed to conduct all supply chain activities outside of retail in New York’s adult-use THC markets, will also rebrand all products previously sold under the brand names Jumbodose and Rezinators.
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