The recent news that the Drug Enforcement Administration scheduled an administrative hearing for Dec. 2 to “consider differing expert opinions regarding rescheduling of cannabis to schedule III” put many cannabis companies on edge. “The cannabis equity market lurched violently downward on the news as it clearly pushed the issuance of …
The Daily Hit: September 5, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, September 5, 2024. On the Site Longtime New Mexico cannabis company shuttering due to saturation As of Sept. 3, New Mexico had approved 1,006 retail licenses. Read more here. Jazz Pharmaceuticals’ CBD drug shows promise beyond …
Longtime New Mexico cannabis company shuttering due to saturation
Vertically integrated cannabis retail chain Sacred Garden in New Mexico, a staple of the marijuana industry since its founding in 2010, is going under and will close its doors Sept. 21, according to media reports and a notice on the company website. The New Mexico market has become too competitive …
Study: Adverse delta-8 THC incidents higher in states without legal cannabis
States that prohibit marijuana use are experiencing significantly higher rates of adverse events related to delta-8 THC products, according to a new study published in the Journal of Medical Toxicology. Researchers from Ohio State University’s College of Medicine analyzed 4,925 incidents involving delta-8 THC reported to U.S. poison control centers …