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The Daily Hit: June 11, 2024

News from: Connecticut, New York Cannabis Control Board, Stiiizy, and more.
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This article was originally published by https://www.greenmarketreport.com/the-daily-hit-june-11-2024/

The Daily Hit is a recap of the top financial news stories for Tuesday, June 11, 2024.

On the Site

Connecticut governor halts social equity funds, orders review of cannabis council

The review comes amid concerns over the council’s transparency and governance practices.

Read more here.

New York cannabis regulators add another 105 business licenses, total now tops 1,100

The Cannabis Control Board also highlighted five key policy priorities for the months ahead.

Read more here.

Stiiizy pushes back on claims of excessive THC

Stiiizy wants the courts to dismiss a case accusing it of having vapes and edibles that exceed THC limits.

Read more here.

Numinus walks back claims made in press releases

Numinus blamed its public relations firm for embellishing claims in the press releases.

Read more here.

Appeals court to hear case on psilocybin use by terminally ill

The Ninth Circuit will weigh whether “right-to-try” laws allow patients to access psychedelic substances.

Read more here.

In Other News

Grown Rogue International

Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) announced that 9,947,312 common shares were issued in connection with the early conversion of debentures representing a principal amount of $1.75 million. After the debenture conversion, $4.35 million in convertible debentures remain.

Read more here.

Vermont

Access to Vermont’s medical cannabis program is expanding under a bill that became law earlier this week without Gov. Phil Scott’s signature. The new law will allow existing retail stores to qualify for a license to sell specifically to medical patients, who can access higher-potency products without a sales tax.

Read more here.

Curaleaf

Curaleaf Holdings Inc. has partnered with TerraCycle to recycle cannabis packaging composed of glass, cardboard, and flexible plastic materials for all edible, vaporizer, and flower products from the following Curaleaf brands: Select, Find, Grassroots, Jams, and B Noble.

Read more here.

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