Some New York Cannabis Farmers Already Exiting the Market
Many operators have alternate day jobs to pay bills and feed their families.
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The Daily Hit: September 19, 2023
The Daily Hit is a recap of the top financial news stories for Sept. 19, 2023. On the Site Columbia Care Changes Name to The Cannabist Company Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) is changing its legal name to The Cannabist Company Holdings Inc. as it aligns more closely with its retail store name. […]
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BZAM Lays Off Over 90 as TGOD Merger, Restructuring Finalized
The company said it has realized $28 million savings through layoffs and facility sales.
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Oregon Pauses Pathogenic Mold Testing Requirement
Cannabis businesses argued that the requirement is onerous, expensive, and unnecessary.
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SEC Sues Texas Maker of Hemp CBD Inhalers
The SEC charged Rapid Therapeutic Science Laboratories and its founder with various securities violations and fraud.
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Subversive Capital Advisor Launches New Cannabis ETF
The ETF is being launched with the expectation of cannabis rescheduling.
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Clearmind Medicine Raises $2.25 Million
Clearmind Medicine Inc. (NASDAQ: CMND) (CSE: CMND), closed its United States-only public offering raising approximately $2.25 million. The offering consisted of 7,500,000 common shares and pre-funded warrants and 7,500,000 common warrants. Clearmind said it plans to use the money for general corporate purposes, which may include operating expenses, research, and development, including clinical and pre-clinical […]
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Columbia Care Changes Name to The Cannabist Company
Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) is changing its legal name to The Cannabist Company Holdings Inc. as it aligns more closely with its retail store name. The company is rebranding to The Cannabist Company and is also changing its trading symbols on the CBOE Canada to “CBST” and “CBST.WT”, respectively, for the common […]
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Record Number of Banks Serving Marijuana Sector
A record number of banks, credit unions and financial institutions are providing services to state-legal cannabis companies, according to recent statistics from the U.S. Treasury Department. The agency’s Financial Crimes Enforcement Network – which tracks suspicious activity reports (SARs) filed by banks, and thus calculates the minimum number of banks working with marijuana companies – […]
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Cannabis Wholesale Prices Hit Historic Low
The latest data from Cannabis Benchmarks reported that the national wholesale flower price has hit a historic low. For the week ending September 15, the U.S. Cannabis Spot Index decreased 1.2% to $936 per pound and in grams, the Spot price was $2.06. Cannabis Benchmarks wrote that prices continued to slide with summer sales drawing […]
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