Criminal Histories Slip Through The Cracks In This State's Cannabis Market; Alabama Official Faces Controversy Over Board Seat & Latest Regs
Portfolio Pulse from Jelena Martinovic
The Arizona Department of Health Services has issued a recall for products sold by two cannabis businesses due to Aspergillus contamination. Nevada's cannabis regulators approved LA Lounge LLC as the first independent location not connected to a dispensary. Planet 13 Holdings Inc. (OTCQX:PLNHF) and Cheyenne Medical Sammy Davis, doing business as Thrive Cannabis Marketplace, were also approved to open such venues. In New Mexico, applicants for cannabis businesses are not getting a federal FBI criminal background check. In Alabama, the validity of Steven Stokes' position as chairman of the Alabama Medical Cannabis Commission is being challenged.

July 27, 2023 | 5:23 pm
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Planet 13 Holdings Inc. has been approved to open a cannabis lounge in Nevada.
The approval to open a cannabis lounge in Nevada could potentially increase the company's customer base and revenues, which could have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70