The Daily Hit: April 22, 2024
News from: Dutchie, High Times, Michigan, Utah, and more.
The Daily Hit is a recap of the top financial news stories for Monday, April 22, 2024.
On the Site
Dutchie’s 4/20 outage has cannabis retailers reeling
Sales stalled for more than four hours on cannabis’ most important day of the year.
Receiver appointed for High Times assets
The demise of High Times has left a trail of unpaid bills and unhappy investors.
Charges filed in 20-state DEA investigation into illegal cannabis operations
U.S. Attorney General Merrick Garland asserted that illegal grow operations are a widespread problem.
Utah medical marijuana patient count soars 19% year-over-year
The vast majority of registered patients – more than 65,000 – obtained cards to treat chronic pain.
Big 4/20 sales put Michigan cannabis industry on pace for another record
Sales on April 20 represented about 10% of the total sales in the record-breaking month of March.
In Other News
Curaleaf
Amid 90-degree heat on Saturday and coinciding with 4/20, about two dozen unionized cannabis workers and supporters conducted a two-hour picket outside a Curaleaf marijuana dispensary in Phoenix at the heart of stalled bargaining negotiations.
North Carolina
Saturday, April 20, marks a historic day for North Carolina as the first medical cannabis dispensary held its grand opening in Cherokee. A ribbon cutting was held at 9:30 a.m. outside The Great Smoky Cannabis Dispensary in the Qualla Boundary.
South Dakota
Cannabis advocates in South Dakota hoped this weekend’s unofficial pot holiday and its associated concerts and dispensary discounts would improve the odds of getting recreational marijuana on the general election ballot in November.
