The Day by day Hit is a recap of hashish enterprise information for Sept. 22, 2022.
ON THE SITE
License Winners Sue Illinois Over Possession Guidelines
Two winners of retail marijuana licenses who beforehand sued Illinois over alleged flaws in its utility course of are suing once more. Having gained retail licenses in lotteries, they’re suing the state Division of Monetary & Skilled Regulation over guidelines that forbid licensees to promote these licenses or fairness stakes in them till they construct out their dispensaries and win ultimate approval. Learn extra right here.
Seattle Paves Approach For Social Fairness With Free Hashish Licenses
Seattle residents who dwell in areas with excessive poverty or have been immediately affected by the conflict on medication are actually eligible for zero-dollar hashish licenses to do enterprise within the metropolis. Underneath the brand new guidelines, a social fairness applicant will need to have a minimum of 51% controlling possession within the enterprise. Learn extra right here.
Tilray Will get Inexperienced Gentle for Italy
Tilray Manufacturers (Nasdaq: TLRY) introduced that FL Group S.R.L., a division of Tilray Medical in Italy, obtained approval from the Italian Ministry of Well being to import and distribute Tilray’s medical hashish oral answer THC25 throughout the nation. Learn extra right here.
C21 Income Falls Regardless of Wholesome Steadiness Sheet
C21 Investments (CSE: CXXI) (OTCQX: CXXIF) posted outcomes late after the market closed on Wednesday that confirmed slimming income in a state that has seen much less vacationer and native spending as wallets get tighter. The corporate posted income of $7.2 million – down 4% sequentially. Learn extra right here.
Agrify Honored For Finest Cultivation Tech At Inexperienced Market Report Tech Awards
A supplier of superior cultivation and extraction options for the hashish business, Nasdaq-listed Agrify brings information, science and know-how to the forefront. Proprietary micro-environment-controlled vertical farming items allow cultivators to supply high-quality merchandise with unmatched consistency, yield and return on funding at scale. The Inexperienced Market Report Tech Awards have been introduced following the first-ever Inexperienced Market Report Tech Summit on Sept. 8 at The Pearl occasion area in San Francisco. This week, we’ll be offering a better have a look at the honorees. Learn extra right here.
IN OTHER NEWS
Canada to Assessment Affect of Hashish Legalization
Canada on Thursday launched a overview of the nation’s legalization of leisure hashish use 4 years in the past to judge its influence on youth, indigenous minorities and others, and analyze its impact on the economic system and the unlawful marijuana market. Learn extra right here.
Two Firms Given OK to Produce Medical Hashish in Georgia
After an extended authorized slog, two firms have been given the inexperienced mild to develop and produce medical hashish — particularly, low-THC oil — in Georgia. Botanical Sciences LLC and Trulieve Georgia Inc. — two of the authentic winners of the method — have been formally awarded licenses by the state’s medical marijuana fee. The unanimous choice follows greater than a yr of protests from rejected candidates. Learn extra right here.
Connecticut Proclaims Hashish Retailers and Microcultivators Chosen in Basic Lottery
The Connecticut Division of Client Safety Grownup-Use Hashish program has notified candidates for retail hashish institutions and micro-cultivators that they have been chosen in a basic lottery. The six retail candidates and two micro-cultivator candidates have been knowledgeable they’ll proceed with the following steps within the licensure course of. Learn extra right here.
The statements made regarding these merchandise haven’t been evaluated by the Meals and Drug Administration. The efficacy of these merchandise has not been confirmed by FDA-approved evaluation. These merchandises are often not meant to diagnose, cope with, treatment, or forestall any sickness. All information discovered proper right here is not going to be meant as another choice to or totally different from information from well-being care practitioners. Please search the recommendation of your well-being care expert about potential interactions or totally different attainable points sooner than using any product. The Federal Meals, Drug and Magnificence Act requires this discovery.