Cannabis News Today – June 24, 2024
Welcome to “Cannabis News Today,” your daily summary of significant happenings in the Cannabis Industry.
Ohio Regulators Issue Provisional Marijuana Licenses
Ohio has issued provisional marijuana licenses to several businesses, supporting a smooth transition to adult-use sales. These dual-use licenses are placeholders until full compliance is met, leveraging existing medical marijuana infrastructure for a quicker market entry. Read all about it on the TDR Website!
Verano Holdings Expands in Florida
Verano Holdings Corp. (OTCQX: VRNOF, CA: VRNO) has opened two new dispensaries in Florida, MÜV Naranja and MÜV Port Richey, bringing their total to 77 statewide. These locations aim to enhance accessibility for patients, offering high-quality medical cannabis products and patient-centric care. Read all about it on the TDR Website!
Dan McDermitt on the Cannabis Stock Market
Dan McDermitt of TheChartGuys highlights a persistent bearish trend in the cannabis stock market. He cites liquidity challenges and advises investors on strategic timing and patience. He emphasizes the importance of monitoring key support and resistance levels and staying informed about market developments. Read all about it on the TDR Website!
Louisiana Governor Vetoes Cannabis Pardon Bill
Governor Jeff Landry has vetoed a bill allowing gubernatorial pardons for past marijuana convictions, citing constitutional concerns and opposition to what he calls a “soft-on-crime” agenda. This move contrasts with other states’ efforts to address past cannabis-related convictions.
Cronos Group Shareholder Meeting Results
Cronos Group Inc. (CA: CRON) has announced the results of its 2024 Annual Meeting of Shareholders, confirming the election of directors and approval of various company matters. Details on the specific resolutions and votes were not disclosed.
Goodness Growth Holdings Annual Meeting Outcomes
Goodness Growth Holdings (CSE: GDNS; OTCQX: GDNSF) reported the results of its Annual General and Special Meeting, with shareholders approving all presented proposals, including the election of directors and the adoption of the new equity incentive plan.
Governors Urge DEA to Reschedule Marijuana
The governors of Colorado and Maryland are pressing for swift rescheduling of marijuana amid reports of DEA resistance. They argue that reclassification is essential for consistent and equitable cannabis policy enforcement.
Read more cannabis news on the TDR Website!
