The Daily Hit is a recap of the top financial news stories for Monday, Sept. 9, 2024. On the Site Cannabis trade groups celebrate after Trump endorses marijuana rescheduling In a post on Truth Social, the former president also expressed support for Florida’s amendment 3 and the SAFE Banking Act. …
Cherokee tribe launches recreational marijuana sales, draws large crowds
The Eastern Band of Cherokee Indians started selling recreational marijuana to all adults 21 and over on Saturday, marking a milestone for cannabis commerce in North Carolina, where the drug is still otherwise illegal. The Great Smoky Cannabis Company, located on the tribe’s 57,000-acre Qualla Boundary, opened its doors on …
Report: Four cannabis edibles brands ‘dominating’ nationally with 18% of U.S. market
Out of the myriad of marijuana edible brands available across the United States, four of them have risen to the top and control about 18% of the national cannabis edibles market, according to a report from New Frontier Data. The report found that for the week of Aug. 25, Oregon-based …
California cracks down on hemp products, sets age limit
California officials on Friday announced emergency regulations to tighten control over hemp-derived products, citing increasing health incidents and risks to youth. Gov. Gavin Newsom said the new rules will ban THC-containing hemp products and create stronger protections for children against unregulated THC. The news comes a month after lawmakers in …