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 …

Sales of legal marijuana in New Mexico set a new monthly record in March, with combined adult-use and medical marijuana purchases totaling more than $52.5 million. Of that, a record $39.4 million came from adult-use […]