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The Daily Hit is a recap of the top financial news stories for Tuesday, December 10, 2024.
On the Site
More questions swirl over future New York marijuana licensing
Concerns about oversaturation, proximity variances were raised at Tuesday’s Cannabis Control Board meeting.
Massachusetts cannabis regulators set plans for consumption lounges, events
The commission will accept informal public comments through mid-January.
Connecticut cannabis sales climb, prices fall in November
The state continues to face competition from neighboring markets in Massachusetts and Rhode Island.
New Jersey cannabis law doesn’t protect from job denials, court says
The U.S. Court of Appeals for the Third Circuit upheld the dismissal of a proposed class action against Walmart.
Organigram leans into hemp with latest acquisition
Organigram has been methodically building its minor cannabinoid portfolio over the years.
In Other News
Grown Rogue
Grown Rogue International has commenced cannabis sales in New Jersey. The company also is in the process of completing Phase II construction planning, which is expected to commence in the first quarter of 2025.
Nebraska
John Kuehn, a former Nebraska state senator, filed a notice of his intent to appeal a ruling dismissing a legal challenge to Nebraska’s medical marijuana initiatives. It’s not clear when the Court of Appeals will hear the case.
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