The Daily Hit is a recap of the top financial news stories for Thursday, May 16, 2024. On the Site Biden announces ‘monumental’ shift to formally reschedule marijuana President Joe Biden on Thursday confirmed that the Drug Enforcement Administration will be pursuing a proposed rule to reschedule marijuana, calling the …

An ongoing expansion of the Washington, D.C. medical marijuana market that’s intended to legitimize many of the district’s longstanding “gifting” operators is still very much underway, along with a parallel crackdown on gray market marijuana shops that have not made any attempt to obtain city business licenses. The crackdown began …

Retail cannabis sales generated the greatest amount of tax revenue in California, followed by Illinois, Washington, and Michigan. The post Analysis: Adult-Use Cannabis Markets Generate Over $20 Billion in State Tax Revenue appeared first on […]