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News from: Alabama, Safe Harbor, Missouri, MIRA Pharmaceuticals and more.
The Daily Hit is a recap of the top financial news stories for Tuesday, October 22, 2024.
On the Site
Alabama judge names mediator to settle medical marijuana license fight
The state’s cannabis regulators have been restrained from launching any part of the program until this dispute is resolved.
Safe Harbor says merger deal went sideways when payment was directed to a personal account
SHF wants to pay the individual shareholders and is worried last minute instructions aren’t above board.
Missouri cannabis patient count plunges with take off of adult use
Medical patient participation plummeted 87% in 2023, prompting regulators to look closer at the impacts on tax funding for veterans.
California seizes more than $70M in illicit cannabis in third quarter
State authorities have focused on operators who misuse California’s official cannabis packaging symbols.
MIRA says ketamine-based drug beats current pain treatments in study
The firm says it could offer an alternative to existing treatments while sidestepping addiction concerns.
In Other News
Flora Growth
Flora Growth Corp. completed construction of its specialized beverage facility and receipt of requisite permitting, on time and on budget. This milestone facilitates Flora’s entry into the beverage market.
Washington state
According to the Washington State Auditor’s Office, the active cannabis tracking system, developed more than a decade ago when voters approved the legalization of recreational marijuana use in the state, doesn’t efficiently track how cannabis is produced, processed or sold.
Releaf
A historic multimillion-pound partnership between the UK’s fastest-growing medical cannabis provider, Releaf, and the leading domestic producer of medical cannabis, Glass Pharms, has become the UK medical cannabis sector’s largest to date.
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