Cannabis and hemp business consulting firm Whitney Economics has dramatically reduced its 2030 forecast for U.S. hemp grain and fiber acreage, citing regulatory uncertainties and infrastructural challenges. The firm now projects 1 million acres by 2030, down 82% from its previous estimate. The revision could translate to approximately $3.1 billion …
Number of the Week: 394 million
394 million – How many pre-roll units were sold between January 2023 and June 2024 Cannabis pre-rolls are coming in strong. According to data from Headset, pre-roll products make up the third largest cannabis product category in the U.S. From January 2023 through June 2024, more than 394 million units …
The Daily Hit: September 3, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, September 3, 2024. On the Site List of New York cannabis retailers delinquent on bills has just two names The policy, which prohibits extending credit to companies on the list, appears to be doing what it …
The Spirit of Detroit is covered & undergoing restoration work. Here’s what’s being done
People going through Downtown Detroit this month will notice the iconic Spirit of Detroit statue is covered up. The reason? Routine maintenance. Signs outside of the Spirit of Detroit say the sculpture is undergoing a […]