The Daily Hit: July 23, 2024

The Daily Hit is a recap of the top financial news stories for Tuesday, July 23, 2024.

New Mexico Cookies retailer agrees to $350,000 settlement over opening-day violations

The company had initially requested a formal hearing or settlement after receiving the notice in April.

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Report: Cannabis rescheduling could create job more than 50,000 jobs

The DEA specifically requested economic data when it published the proposed rescheduling rule in May.

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What happens to bongs and pipes under Schedule 3?

Schedule III won’t really change the legal landscape for paraphernalia, but the desire to seize the products may shrink.

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Cannara Biotech reports 27.6% revenue increase in fiscal third quarter

Cannara attributed its entry into Manitoba and new products for its success in the quarter.

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Michigan

Michigan’s Cannabis Regulatory Agency laid out how the Drug Enforcement Administration’s plan to change the classification of marijuana from a Schedule I to a Schedule III drug could benefit Michigan consumers and cannabis companies, from potentially allowing businesses to file for bankruptcy to offering consumers products that meet uniform safety standards.

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Final Bell Holdings International

Final Bell Holdings International Ltd. will be offering rights to holders of its Class A Subordinate Voting Shares and Class B Proportionate Voting Shares to subscribe for one Share of the same class. Assuming the exercise of all rights, the offering will raise gross proceeds of up to approximately $5.1 million.

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