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 …
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 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 …
A fourth large-scale cannabis product recall in Missouri was issued on Friday for 37,000 goods, another indicator that regulators in the Midwest state are becoming increasingly strict about compliance with marijuana business rules. The new recall brought the total of recalled cannabis products to almost 175,000 since the first recall, …