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Cannabis Company Planet 13 Endures Setbacks: Embezzlement Claims Precede Discounted Valuation
Planet 13 Holdings (OTC: PLNH), a multi-state cannabis operator, has lagged 55% behind its peers this quarter, affected by a poorly timed equity offering and alleged embezzlement issues, according to senior analyst Pablo Zuanic.
Trump-Linked Digital World Acquisition Hits 7-Week Low As Ex-President Struggles To Secure Bond In Civil Fraud Case
The stock of Digital World Acquisition Corp, the special-purpose acquisition company (SPAC) that is set to take former President Donald Trump's social media platform public, hit a 7-week low on Monday.
State Legalization Efforts Put Federal Marijuana Ban Under Fire, Verano Holdings Leads Lawsuit
Several cannabis companies are challenging the federal ban on marijuana, arguing it has no legal basis. They claim the government’s original justification for prohibition - curbing illegal interstate trade - is no longer valid since many states have legalized marijuana. This lawsuit counters the government’s attempt to dismiss the case.
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