The Daily Hit is a recap of the top financial news stories for Jan. 3, 2024. On the Site DEA Reminds Congress it has ‘Final Authority’ on Marijuana Rescheduling The Biden Administration’s Drug Enforcement Administration reminded members of Congress this week that despite last year’s rescheduling recommendation, it retains “final …

The Biden Administration’s Drug Enforcement Administration reminded members of Congress this week that despite last year’s rescheduling recommendation, it retains “final authority” on where cannabis will be placed on the list of controlled substances. The agency was responding to a request from lawmakers for information on the current rescheduling process. …

New Mexico, like many other relatively new cannabis markets, is still developing more demand while sales continue to climb regularly. Last month the state hit yet another high water mark at $50.4 million in total cannabis sales. That includes $37.4 million in adult-use cannabis goods – a new record for …

President Joe Biden signed off on a new defense bill that includes provisions for funding clinical trials on the therapeutic potential of psychedelic drugs for active-duty military personnel. The president approved 2024’s National Defense Authorization Act on Dec. 22, a week after Congress green lit the package and sent it …