The U.S. Food and Drug Administration has intensified its warning against Diamond Shruumz-brand products as reports of severe illnesses linked to the company’s edibles continue to climb. As of July 15, the FDA reports 69 illnesses across 28 states, with 36 hospitalizations and one death potentially associated with the products. …
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The Daily Hit: July 18, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, July 18, 2024. On the Site Report: US cannabis revenue softening Despite softening sales, cannabis operators remain optimistic. Read more here. Delaware governor signs bills to speed recreational cannabis sales The move puts Delaware on track …
California leads the industry in cannabis sales at six-month mark
Even though California has a mountain of problems and legal market sales are declining, it remains the state to beat. The Golden State racked up more than $2 billion in legal cannabis sales in the first half of 2024. Despite strong competition from the illicit market and high state and …
Times Square to get 3-story cannabis shop
This story was republished with permission from Crain’s New York and written by Julianne Cuba. A massive cannabis retailer is coming to Times Square this fall, according to one of the business partners involved in the new venture. James Mallios, an attorney who now specializes in the hospitality and real estate …