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 …
Tag: Investing
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 …
Cannabis stock reaction to rescheduling delay ‘overblown’
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 …