News from: Sacred Garden, Jazz Pharmaceuticals, Ohio, Wisconsin and more.
The Daily Hit is a recap of the top financial news stories for Thursday, September 5, 2024.
On the Site
Longtime New Mexico cannabis company shuttering due to saturation
As of Sept. 3, New Mexico had approved 1,006 retail licenses.
Jazz Pharmaceuticals’ CBD drug shows promise beyond seizure reduction
The survey focused on patients receiving Epidiolex, along with clobazam, for at least three months.
Ohio tops $44 million in first month of adult-use marijuana sales
Adult-use cannabis sales in the state averaged $1.69 million per day in August.
Wisconsin tribes launch lobbying campaign for medical marijuana
Wisconsin lacks a direct ballot initiative system to place ballot questions before voters.
Federal circuit court rules ‘all products’ made from federally compliant hemp are legal
The ruling appears to set a new “standard for the legality of hemp products.”
Study: Adverse delta-8 THC incidents higher in states without legal cannabis
The study found that 69.8% of the reported exposures occurred in the southern United States.
In Other News
Ayr Wellness
Multistate cannabis operator AYR Wellness Inc. received conditional approval to serve as a pharmaceutical processor by the Virginia Cannabis Control Authority for Virginia’s Health Service Area 1. HSA 1 encompasses various cities and counties in Virginia, including Charlottesville, Fredericksburg, Spotsylvania and Stafford.
North Carolina
After years of discussion, multiple referendums and the establishment of a massive, vertically integrated cannabis industry, this week the Eastern Band of Cherokee Indians will open its marijuana dispensary for recreational sales on the Qualla Boundary, making it the first to open in North Carolina despite the drug being illegal in the state.
Kentucky
The big rush at the end of Kentucky’s first licensing window has some medical marijuana advocates worrying that bigger cannabis companies are trying to game the system, but officials hope background checks will weed out attempts to gain multiple licenses for operations that fall under larger parent companies.
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