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 …
Federal circuit court rules ‘all products’ made from federally compliant hemp are legal
The Fourth Circuit Court of Appeals ruled this week in a wrongful termination lawsuit that “all products” made from hemp that has 0.3% delta-9 THC or less are “unambiguously” federally legal. At the same time, the appellate court upheld the right of the North Carolina company to fire the worker …