Cannabis News Today – July 10th, 2024

Welcome to “Cannabis News Today,” a summary of the cannabis industry’s stock and regulatory updates.

Wana Brands President Joe Hodas Exclusive Interview with TDR

Joe Hodas, President of Wana Brands, discusses the company’s diverse product lineup, particularly for sleep and anxiety, and its international market opportunities, such as expansion into Switzerland. Hodas emphasizes the importance of regulatory changes and consumer-focused products. Read all about it on the TDR Website!

AYR Cannabis Expands in Illinois

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) has opened its third retail location in Illinois, marking its 92nd dispensary nationwide. The new store in Hometown offers a spacious, customer-friendly environment and enhances AYR’s presence in the state.

Tilray’s Medical Cannabis Study

Tilray Medical, a division of Tilray Brands, Inc. (NASDAQ: TLRY) announced a new scientific study focusing on the effects of medical cannabis for patients over the age of 50. This research aims to provide valuable insights into cannabis use for this demographic.

Village Farms International’s Offering

Village Farms International, Inc. (NASDAQ: VFF) filed a $200 million offering to support its working capital and general corporate purposes. This strategic move is detailed in their SEC filing here.

New York Cannabis Kickback Scheme Lawsuit

A security firm has sued New York cannabis officials for $300 million, alleging a kickback scheme. This lawsuit could have significant implications for the state’s cannabis regulatory framework.

UFCW 555’s Cannabis Workers Act

UFCW 555 has submitted signatures for Initiative Petition 35, also known as the United for Cannabis Workers Act. This initiative seeks to improve working conditions for cannabis industry employees.

Safe Harbor Financial’s Loan Recovery

Safe Harbor Financial (NASDAQ: SHFS) successfully exited a $3.1 million loan in default, collecting 100% of the owed amount. This recovery strengthens the financial stability of the firm.

Thailand’s Cannabis Protest

Cannabis advocates in Thailand are protesting against a proposal to ban the general use of cannabis again. The protests highlight the ongoing debate over cannabis regulations in the country.

Read more cannabis news on the TDR Website!

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