The Daily Hit is a recap of the top financial news stories for Jan. 23, 2024.
On the Site
Uber continues U.S. cannabis lobbying efforts
Gig economy transportation company Uber Technologies continues to play the long game for cannabis deliveries. The ride-sharing app company disclosed that it has lobbied in favor of S. 2860, Secure And Fair Enforcement Regulation (SAFER) Banking Act, and H.R. 2891, Secure and Fair Enforcement Banking (SAFE) Banking Act of 2023. Read more here.
Gage Cannabis’ Ferndale property for sale, but dispensary will stay put
The property housing Gage Cannabis’ flagship store in Ferndale, Michigan, is for sale. The more than 46,000-square-foot building on 1.52 acres at 1523 Academy Drive St. is on the market for $7.06 million, according to marketing from the property brokers Chicago-based Northmarq. Read more here.
Safe Supply posts Q4 uplisting costs ahead of new game plan
Safe Supply Streaming Co. Ltd. (CSE: SPLY) reported its annual financial statements for the fourth quarter and full year ending Sept. 30, showing some positive activity following a recent restructure during the period. Read more here.
Neatleaf secures $4M investment for robotic farming tech
Santa Cruz-based Neatleaf raised $4 million in a funding round led by AgFunder, an investor focusing on the foodtech and agtech sectors. Neatleaf, which specializes in agricultural technology, said it will use the funds to enhance its cultivation management platform. Read more here.
State Updates:
• Massachusetts marijuana sales surpass $1.7 billion in 2023
• Missouri cannabis sales near $2 billion at close of 2023
In Other News
Iowa
Iowa lawmakers are considering legislation to expand the state’s medical cannabis program, which currently allows only extracted cannabis products. House Study Bill 532, which cleared a three-member subcommittee Jan. 16, would change Iowa’s definition of “medical cannabidiol” to include oral, topical and smokeable forms of cannabis, including flower. Read more here.
Body and Mind Inc.
Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ), a multistate operations-focused cannabis company, received approval from the state of New Jersey Cannabis Regulatory Commission for an annual Class 5 Cannabis Retailer license to operate an adult, personal-use cannabis business. Read more here.
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