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The Daily Hit – September 16, 2024 (19459000)
New from the US Census Bureau, Ohio High Tide, Colorado, and more.
The Daily Hit is an overview of the top stories in financial news for Monday, 16 September 2024.
On the Site
States’ coffers filled with cannabis tax revenue
The East Coast is leading the nation in cannabis tax collections.
Ohio’s strict cannabis advertising laws are causing some companies to look for a little leeway.
Ohio is one of the most restrictive states in the nation when it comes advertising legal marijuana.
Acreage pays off its old lender and gets a new one
Despite financial maneuvers, Acreage still faces a mountainous debt.
High Tide Revenue Tops C$131M In Third-Quarter Beat
High Tide is continuing to expand and this strong performance coincides with that.
Colorado July cannabis sales are second highest in 2024
Only March 2024 has seen higher sales.
Michigan August cannabis sales near 300 million despite Ohio launch
August’s sales increased by 3% compared to July, and even in areas bordering Ohio.
Other News
Akanda Corp.
Akanda Corp. obtained a hemp cultivation license in Canada. This license is directly related to Akanda’s previously announced agreement between 1107385 B.C. LTD, furthering the company’s strategic objectives in the Canadian cannabis industry.
Leafly
Leafly has formed a new partnership, with the New York Cannabis Retail Association (NYCRA), a nonprofit coalition that represents New York dispensary operators. Leafly and NYCRA are sponsoring a series industry events in 2024, and implementing marketing initiatives to increase New Yorkers’ awareness about the importance of buying local and legal cannabis.
Nebraska
A former state senator and former member of the State Board of Health filed a legal challenge on Thursday to invalidate two Nebraska ballot measures related to medical marijuana.
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