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The Daily Hit: February 6, 2024

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The Day-to-day Hit is a recap of the leading financial news tales for Feb. 6, 2024.

On the Internet site

Earth 13 sues Casa Verde in sprawling cannabis economic dispute

A monetary battle royale among the at least 8 various cannabis stakeholders – which has been making to a crescendo because it began in May well – reached a new stage in January with multistate operator Planet 13 Holdings (CSE:PLTH)(OTCQX:PLNH) submitting a fraud lawsuit for $16.5 million towards superior-profile California cannabis investment firm Casa Verde Cash, which counts rapper Snoop Dogg among its co-founders. Browse more listed here.

New York OCM to start investigating hashish enterprise true get-togethers of curiosity

The New York Condition Workplace of Cannabis Administration (OCM) is having significant about implementing its regulatory principles specifically those people regarding TPIs (accurate events of interest). Read much more here.

Curaleaf purchases Polish medical cannabis firm Can4Med

Curaleaf Worldwide, a division of Curaleaf Holdings (OTCQX: CURLF) (TSX:CURA) is buying Can4Med, a distinguished pharmaceutical wholesaler specializing in cannabinoid prescription drugs in Poland. Examine additional here.

2024 kicks off with extra states drafting psychedelic drug laws

Subsequent the hashish playbook, states aren’t waiting around for the federal authorities to acquire the guide when it arrives to psychedelic legal guidelines. Numerous states are using it upon them selves to begin addressing their residents’ desires to use psychedelic plant medications by drafting new legal guidelines. Browse far more here.

Just as some cannabis ETFs give up and shut, investors return with refreshing income

In the past six months, the cannabis marketplace has been educated of 3 distinctive cannabis Exchange Traded Resources (ETFs) that have been closing. Now it appears just as these ETFs closed, dollars is flowing back again into the remaining ETFs and the two-12 months bear market place may be coming to an close. Browse more below.

In Other News

MedMen

Marijuana multistate operator MedMen Enterprises has closed two shops in Northern California, in accordance to MJBizDaily. Examine much more in this article.

New York

Gov. Kathy Hochul disclosed that she’s weighing “major changes” together with possibly replacing some of the administrative leaders of the state’s leisure cannabis market rollout, which the governor lately identified as a “disaster.” Read additional here.

New Mexico

Extremely Wellness, New Mexico’s premier cannabis firm, will shut a Santa Fe cannabis retail outlet at the conclusion of the month, citing very low business enterprise and superior rent. Read through far more in this article.

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