The Daily Hit is a recap of the top financial news stories for Wednesday, August 28, 2024. On the Site Congressional report finds rescheduling won’t fix cannabis banking situation The report notes that financial institutions can already bank cannabis businesses, however they must take additional compliance steps to do so. …

Rhode Island marijuana regulators are considering rolling back the state’s strict cannabis product packaging rules, which currently only allow for simple plain colors including white, black, gray and navy blue. During a meeting on July 30, the state Cannabis Control Commission was given new options to allow brands to use …

Greenway Greenhouse Cannabis Corp. (CSE: GWAY) (OTCQB: GWAYF) reported its interim financial statements for the first quarter ending June 30. Greenway announced that its revenue increased 104% to C$2.4 million in the quarter versus C$1.2 million in the same quarter in the previous year. It was also a big improvement over …

RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) released its financial results for the second quarter ended June 30. Revenue grew to $3.7 million in the quarter versus last year’s revenue of $1.7 million. The company was helped by the retail sales from its adult-use store in White Plains, New York, while …