Welcome to “Cannabis News Today,” a summary of the stock and regulatory updates for the Cannabis Industry.
Ascend Wellness Plans Expansion Amid Ohio Cannabis Market Growth
Ascend Wellness (CSE: AAWH.U, OTCQX: AAWH) is strategically expanding in Ohio, aiming to increase its dispensaries to over 50 by the end of next year. CEO John Hartmann highlights the company’s success in transitioning to adult-use markets in other states and emphasizes a balanced approach to cultivation and sourcing. Ascend’s flagship store in downtown Cincinnati is a key location, and the company is prepared for potential regulatory changes that may allow for additional licenses. Beyond Ohio, Ascend is also eyeing growth in Pennsylvania, positioning itself for future market opportunities. Read all about it on the TDR Website!
U.S. Election 2024: Joe Biden’s Cannabis Reforms Take Center Stage
The Biden campaign’s new ads highlight marijuana’s reduced perceived danger, promoting pardons and rescheduling efforts. This initiative supports addressing historical injustices and reflects changing public attitudes toward marijuana. Read all about it on the TDR Website!
UN Calls for Health-Focused Drug Policies on World Drug Day
Yesterday, the UN Human Rights Chief called for a human rights-based approach to drug policies in a statement marking World Drug Day. The statement highlights the importance of shifting from punitive measures to health-focused strategies and urges global cooperation for policy reform. Read all about it on the TDR Website!
4Front Ventures Announces Brokered Offering
4Front Ventures Corp. (CSE: FFNT, OTCQX: FFNTF) has launched a brokered offering to raise up to CAD 5,000,100 through the sale of units. Each unit consists of one Class A subordinate voting share and one-half of one Class A subordinate voting share purchase warrant.
Cronos Group’s Spinach Brand Celebrates Summer with New Launches
Cronos Group’s (NASDAQ: CRON, TSX: CRON) Spinach brand is celebrating the summer season by introducing new product launches. These additions aim to enhance their product line with innovative and refreshing cannabis options for consumers.
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