The Daily Hit: March 20, 2024
The Daily Hit is a recap of the top financial news stories for March 20, 2024.
On the Site
New York cannabis regulators may settle with upstate dispensary
A dispensary owner in upstate New York formally set aside his legal dispute with state cannabis regulators in hopes of reaching a settlement agreement that will allow his shop to open in the Syracuse suburb of Clay. Read more here.
New York hemp companies refile lawsuit a day after dismissal
Ten hemp companies refiled a legal challenge in federal court last week against New York hemp industry rules and state officials, asking a federal judge to issue a preliminary injunction against the state, a declaration that the regulations are unconstitutional, and a ruling that the state has violated their rights to due process. Read more here.
New cannabis competition to decide who is ‘Best in Grass’ in Michigan
A new competition is entering Michigan to determine the best marijuana in the state’s dominant recreational industry. Best in Grass, a newly formed company by two former events employees of popular monthly industry magazine High Times, will host its first ever judging competition beginning on April 6. Read more here.
Green Market Report’s Finance Summit tackles critical cannabis issues
Cannabis is a complicated business. But it’s also awash with people willing to lend a hand. Green Market Report’s first event of 2024, the Cannabis Finance Summit in partnership with NECANN this Friday, March 22, in Boston, will tackle some of the industry’s thorniest issues with the best minds in the business. Read more here.
In Other News
Aurora Cannabis
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) received Good Manufacturing Practice certification from Australia’s Therapeutic Goods Administration for its Canadian production facilities, River and Ridge. Read more here.
Cannabis Business Museum
The inaugural call for submissions by the Cannabis Business Museum in Toronto is now open. Submit images of content and memorabilia from early days of recreational cannabis legalization by accessing the form on The Cannabis Business Museum Website. The call is open to all members of the public to present archival content on recreational legal cannabis. Read more here.
Verano Holdings Corp.
Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) launched the Cabbage Club, a national cannabis membership club designed to reward and foster a community of loyal and passionate cannabis enthusiasts, customers and patients. Initially available in the company’s 13 Zen Leaf dispensaries in New Jersey and Illinois, the company plans to further expand the program across its 13-state footprint. Read more here.
