The Daily Hit: June 10, 2024
News from: New York, MedMen, Scotts Miracle-Gro, and more.
The Daily Hit is a recap of the top financial news stories for Monday, June 10, 2024.
On the Site
New York governor names interim leadership for cannabis regulatory agency
Gov. Kathy Hochul’s Appointments Office is also launching a nationwide search for a permanent replacement for Chris Alexander.
New York lawmakers pass bill to make cannabis farmers markets permanent
The state previously permitted such markets on a temporary basis when the adult-use market hit numerous delays.
MedMen might lose West Hollywood cannabis permit
MedMen is alleged to have “various compliance issues” and “failed to report and pay business taxes for several month.”
Scotts Miracle-Gro sued over channel stuffing accusations
Florida retirees claim their investment in the company fell over false statements.
AYR Wellness secures $30M real estate financing for Florida cultivation facility
Ayr expects the construction to be completed by mid-2025.
In Other News
Slovenia
According to The Slovenia Times, 66.6% of Slovenian voters taking part in Sunday’s election supported legislating cultivation and processing of medical marijuana while 51.6% backed the cultivation and possession of cannabis for limited personal use.
C21 Investments
C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) completed its previously announced acquisition of a 6,500 square-foot, purpose-built, operational retail cannabis dispensary in South Reno, Nevada.
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