As more states usher in recreational marijuana, they face a thorny challenge: how to tax it effectively. That’s especially true when it comes to prepping for eventual federal legalization, according to a new report from Tax Foundation. The study shows that 23 states now have taxes on recreational marijuana, with …
The Daily Hit is a recap of the top financial news stories for Monday, October 14, 2024. On the Site Judge denies restraining order for California hemp ban Several hemp companies challenged emergency rules that ban hemp products with any detectable THC. Read more here. Flora Growth to distribute Storz …
Connecticut’s cannabis market experienced a 12% decline in sales during September, according to state data released last week. Total cannabis sales fell to $23.4 million in September from $25.7 million in August, the Department of Health and Human Services reported. Both recreational and medical cannabis sectors slid during the month. …
Maine officials issued a health and safety recall for cannabis products sold at a string of adult-use retail stores across the state. The state’s Office of Cannabis Policy announced last week that pre-ground flower, pre-rolls and blunts produced by Nova Farms failed microbial, yeast and mold testing. The products, sold …