The Daily Hit is a recap of the top financial news stories for Wednesday, September 25, 2024. On the Site Weedmaps to pay SEC $1.5 million for ‘misleading’ statements on user numbers The SEC charged that Weedmaps executives padded the user stats to bolster its apparent performance to investors. Read …
OSHA offers free help, inspections to Colorado cannabis companies
The federal Occupational Safety and Health Administration (OSHA) made a formal offer to Colorado marijuana companies for free-of-charge consulting services, including site inspections, to ensure that the businesses are free of potentially costly violations. According to Marijuana Moment, the federal agency recently sent a letter to Colorado cannabis businesses offering …
Congress introduces bill to create pathway for hemp products, cannabinoids
Members of Congress are looking to weigh in on the establishment of national standards for hemp products that have been grabbing national headlines lately. The Cannabinoid Safety and Regulation Act, introduced Wednesday by Sen. Ron Wyden, a Democrat from Oregon, would create a comprehensive regulatory framework for hemp-derived cannabinoid products …
DEI attorney named to New York cannabis regulatory board
A prominent New York attorney and diversity, equity and inclusion executive has been appointed to join the top marijuana regulatory board in the Empire State, replacing now-former member Adam Perry. A spokesperson for the Office of Cannabis Management and the Cannabis Control Board confirmed that Perry resigned earlier this month …