The Daily Hit: May 23, 2024
News from: Minnesota, Tennessee, InterCure, and more.
The Daily Hit is a recap of the top financial news stories for Thursday, May 23, 2024.
On the Site
Minnesota lawmakers greenlight new marijuana business rules
The application window for social equity licenses is expected to open by July 24 and will close by Aug. 12.
Key Illinois county offering $3.6M in grants to social equity cannabis companies
More than 100 social equity licensees have struggled to open for business, in part due to lack of capital for build-outs and other basic costs.
Hemp sellers sue Tennessee prosecutor over $1.35M seizure
Old School Vapor and SAK wholesale allege products were compliant with state law.
New York fines illicit cannabis shop owner $15.2 million
David Tulley was accused of operating seven unlicensed marijuana dispensaries across three counties in upstate New York.
Analyst: Israel’s InterCure paving path to big gains
The firm didn’t make Israeli rec market predictions given the war in Gaza, “but that should not be ruled out that either.”
In Other News
Rhode Island
Michelle A. Reddish has been tapped to be the first administrator of the Rhode Island Cannabis Office.
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