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The Daily Hit: January 16, 2024


The Each day Strike is a recap of the prime economic information stories for Jan. 16, 2024.

On the Site

Michigan Hashish Gross sales Major $3B in 2023

Michigan ended 2023 as the nation’s unofficial marijuana king. In 2023, the state’s cannabis sector sold almost $3.06 billion in medical and adult-recreational use cannabis — or about $305 truly worth of marijuana for every person, woman and child in the point out for the year — in accordance to details released currently by the Michigan Cannabis Regulatory Company. Browse a lot more right here.

Maryland Marijuana Sales Near $800 Million in 6 Months

Maryland cannabis retailers marketed just under $800 million of products and solutions because the leisure sector introduced in July, the point out documented this month. Overall hashish income from July 1 to Dec. 31 strike $796.3 million, which includes $331.7 million in recreational revenue and $464.4 million in medical marijuana product sales, in accordance to the Maryland Hashish Administration. Read additional right here.

The Cannabist Enterprise Appoints New CEO, Indicators New Growth Phase

The Cannabist Business Holdings Inc. (NEO: CBST) (OTCQX: CCHWF) is up a lot more than 10% on information of a key overhaul in its C-suite, with David Hart stepping in as the new chief executive officer, the enterprise mentioned Monday. Hart will take around from Nicholas Vita, who co-established the corporation in 2012 and has been at the helm due to the fact its inception. Read through additional right here.

Cover Progress Scraps $30 Million Personal Placement Due to External Delays

Ontario-dependent Canopy Expansion Corp. (TSX: WEED) (Nasdaq: CGC) canceled its prepared $30 million personal placement. According to a recent Type 8-K filing with the U.S. Securities and Exchange Fee, the offer, which in the beginning seemed to raise funds through the sale of around 7 million models, was axed because of delays brought about by exterior components further than the company’s management. Read through extra in this article.

Colorado Cannabis Remembers Skyrocket in 2023 with New Tests Mandate

Colorado marijuana regulators issued a document 17 cannabis product or service recollects final yr, up from just a few recollects in 2019, following a new screening mandate for aspergillus, a style of mildew, was established. Study much more right here.

In Other Information

Blum Holdings

Blum Holdings Inc. (OTCQB: UNRVD) will commence trading right until its new ticker symbol, BLMH, just after 20 business enterprise times. The company actions effecting the reorganization and split took outcome at the open up of enterprise on Jan. 16. Read through a lot more listed here.

Red White & Bloom Manufacturers

Purple White & Bloom Makes Inc. (CSE: RWB) (OTC: RWBYF) productively shut its acquisition of Aleafia Well being Inc. and specific of its subsidiaries below the Companies’ Creditors Arrangement Act. Read additional in this article.

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