Florida-based Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) and New York-based RIV Capital (CSE: RIV) (OTC: CNPOF) will merge forces into a single new cannabis company, with the blessing of RIV stakeholder Scotts Miracle-Gro (NYSE: SMG), the trio of companies announced Thursday. Once the deal closes, the newly formed multistate operator …

Currently, tribes are operating businesses in nine states: California, Michigan, Minnesota, Nevada, New Mexico, New York, North Carolina, South Dakota, and Washington. The post Analysis: Growing Number of Native American Tribes Engaging in Cannabis Sales […]

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 …

North Carolina-based cbdMD Inc. (NYSE: YCBD) reported a wider loss for its fiscal second quarter ending March 31, as sales slumped and the company recorded certain one-time charges. The hemp company posted a net loss of $4 million, or $1.35 per share, versus a loss of $2.3 million, or $1.74 …