'Can You Take Me Higher?' Ad & Ice Cream Trucks Cost Ohio Cannabis Shops Thousands In Fines
Portfolio Pulse from Patricio Liddle
Ohio's adult-use marijuana market launch led to significant fines for several dispensaries due to advertising violations. The Source faced a $225,000 fine, The Botanist $162,500, and RISE Dispensaries, owned by Green Thumb Industries Inc. (OTC:GTBIF), $17,500. These fines highlight the strict regulatory environment.
September 10, 2024 | 5:04 pm
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RISE Dispensaries, owned by Green Thumb Industries Inc. (OTC:GTBIF), was fined $17,500 for advertising violations during Ohio's recreational cannabis market launch. Despite correcting a miscommunication, the fines reflect strict regulatory enforcement.
RISE Dispensaries, part of Green Thumb Industries, was fined for advertising violations. This could negatively impact GTBIF's short-term stock price due to potential increased scrutiny and regulatory costs.
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