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The Daily Hit: 19459000 September 19, 2024
Ayr Wellness, Michigan and Georgia among others.
The Daily Hit is an overview of the top stories in financial news for Thursday, 19 September 2024.
On the Site
David Goubert, CEO of Ayr Wellness, has been abruptly ousted
Investors were caught off guard by the move.
Georgia pharmacy launches medical cannabis sales in defiance to DEA warning
Georgia lawmakers approved the sale low-THC products to pharmacies in order to increase patient access.
Michigan marijuana market records another record sales despite stricter enforcement and new competitors
The low prices of Michigan operators have protected them from the impact of Ohio’s adult use market launch in August.
Senate committee approves bill to relax federal employment rules on cannabis use
The House version of the bill has been stalled in the chamber since it was advanced by committee.
Other News
Ease
Eaze, a cannabis delivery service, is facing a growing backlash from southern California shift supervisors. They claim they are paid less per hour than the workers they supervise. They also struggle to make ends met on low, stagnant wages and are at odds over their right to unionize.
Rainbow Realty Group
Rainbow Realty Group IV LLC, Rainbow Realty Group II LLC, and Rainbow Realty Group III LLC acquired a 9,800 square foot industrial building in Ewing (New Jersey) via sale-leaseback. Rainbow’s total consideration, including the property purchase, tenant improvements and reserves, was $2.3 million.
Idaho
Marijuana activists have submitted formal paperwork to the secretary state in an effort to qualify for a noncommercial legalization measure on the ballot for 2026.
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