Cannabis News Today – June 11th, 2024
The TDR Top Cannabis News:
Florida Voters Likely to Approve Cannabis Legalization
A GOP Congressman, Brian Mast predicts that Florida voters will approve marijuana legalization in the upcoming ballot. However, there are doubts about Congress advancing cannabis banking reforms by November, highlighting ongoing federal hurdles in the cannabis industry. Read the full story on The Dales Report website and other cannabis news.
Ayr Wellness Secures Financing for Florida Cultivation Facility
Ayr Wellness (CSE: AYR.A, OTCQX: AYRWF) has successfully secured real estate financing to support its indoor cultivation project in Florida. This move is expected to increase the company’s production capabilities, ensuring a steady supply of high-quality cannabis products to meet growing market demand. Read the full story on The Dales Report website and other cannabis news.
Cantrip CEO Adam Terry on the Future of Cannabis Beverages
Adam Terry, CEO of Cantrip, discussed the shift to hemp-derived beverages was driven by regulatory and economic factors, enabling Cantrip to scale more efficiently using traditional beverage distribution channels. Terry emphasized the growing consumer demand for THC beverages, particularly in Minnesota, where they account for up to 18% of liquor store sales, highlighting the market’s potential despite regulatory challenges. Read this and other Cannabis News stories on the TDR Website!
TerrAscend Celebrates New Dispensary Opening in Maryland
TerrAscend Corp. (TSX: TSND, OTCQX: TSNDF) has announced the opening of its Apothecarium dispensary in Nottingham, Maryland. This new location expands the company’s footprint. It aims to serve a wider community with a range of cannabis products, enhancing access for both medical and recreational users in the area.
KindlyMD and Curaleaf Partner to Expand Patient Services
KindlyMD (NASDAQ: KDLY) has partnered with Curaleaf (TSX: CURA, OTCQX: CURLF) to expand access to medical cannabis services. This collaboration aims to enhance patient care by leveraging Curaleaf’s extensive dispensary network, providing more comprehensive support for medical cannabis users.
C21 Acquires Reno Cannabis Dispensary
C21 (CSE: CXXI, OTCQX: CXXIF) Investments has closed the acquisition of a cannabis dispensary in Reno, Nevada. This acquisition is part of C21’s strategy to increase its market presence and provide a broader selection of cannabis products to consumers in the region.
Biden Health Official Discusses DEA Resistance to Marijuana Rescheduling
A top health official in the Biden administration hinted at resistance from the DEA regarding the rescheduling of marijuana. This development underscores the complex regulatory landscape and the challenges faced in changing federal cannabis policies, reported on Marijuana Moment.
