The Daily Hit: September 11, 2024 | How to order CBD Vape online

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The Daily Hit is an overview of the top financial stories for Wednesday, Sept. 11, 2024.

On the Site

Boston law firm sues New York shop for unpaid legal fees of $143k

Smacked LLC, the first social equity cannabis dispensary owned by an individual in New York, is being sued for more than $143,000 plus interest in legal bills. Read more Here is a link to the article.

FDA avoids MDMA controversy during PTSD meeting but public pushes against it

The debate over the FDA’s decision to delay approval last month of Lykos Therapeutics MDMA-assisted treatment has resurfaced in more official channels. Read more Here is a link to the article.

Psilocybin CEO detained at airport after fleeing stock fraud charges

The U.S. Department of Justice has announced that Julius Jenge, the chief executive of psilocybin-producing company Minerco Inc.(OTC:MINE), was arrested on August 22 at Ronald Reagan Washington National Airport. He was booked for a one way flight to Tanzania. Read more Here is a link to the article.

After rescheduling, the U.S. can learn from Washington State’s marijuana regulations.

Washington State’s decade-old framework for its legal marijuana market could serve as a good launch pad for tweaking the rules following federal marijuana rescheduling. Read more Here is a link to the article.

Other News

Idaho

A group hopes that the third time is the charm in putting a marijuana-decriminalization initiative to the ballot in Idaho. Read more Here is a link to the article.

Massachusetts

Local cannabis advocates and small-business owners say that the turmoil within the state Cannabis Control Commission is distracting commissioners from their job to keep the $7 billion cannabis industry in the state equitable, fair and steady. Read more Here is a link to the article.

Mammoth Distribution

Mammoth Distribution, a California-based company, announced on Wednesday that it had completed the acquisition of Papa & Barkley – one of the most well-established cannabis brands in California. Financial details were not revealed. Read more Here is a link to the article.