The Daily Hit: May 16, 2024
by Staff on May 16, 2024 at 11:00 pm
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 move “monumental” in a video The post The Daily Hit: May 16, 2024 appeared first on Green Market Report.
President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement
by Benjamin M. Adams on May 16, 2024 at 7:39 pm
It’s official: The U.S. Department of Justice will reschedule cannabis, moving it to Schedule III, President Joe Biden announced Thursday. The post President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement first appeared on High Times.
Biden announces ‘monumental’ shift to formally reschedule marijuana
by John Schroyer on May 16, 2024 at 5:51 pm
Next in the process is a 60-day public comment period, but it's unclear how much longer the rescheduling process will take. The post Biden announces ‘monumental’ shift to formally reschedule marijuana appeared first on Green Market Report.
Ziel Partners With Portocanna, Receives 1st EU GMP Certification for Microbial Control Technology in Cannabis
on May 16, 2024 at 4:16 pm
The radio frequency technology for the decontamination of cannabis flower provides cultivators and processors a microbial control step for their operations.
Washington D.C. cannabis gray market transition, crackdown continuing
by John Schroyer on May 16, 2024 at 3:56 pm
Hundreds of gray market cannabis businesses reportedly haven't applied for licensure. The post Washington D.C. cannabis gray market transition, crackdown continuing appeared first on Green Market Report.
cbdMD loss widens as sales slump in the second quarter
by Adam Jackson on May 16, 2024 at 3:37 pm
Cost cuts such as layoffs, vendor renegotiations and consolidation of offices could generate $2.4 million in savings by August. The post cbdMD loss widens as sales slump in the second quarter appeared first on Green Market Report.
White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says
on May 16, 2024 at 3:00 pm
The Department of Justice will issue a notice of proposed rulemaking to reclassify cannabis in the Federal Register, which will be followed by a 60-day public comment period prior to the department potentially finalizing the rule.
5 Things to Confirm When Signing a Cannabis Facility Construction Agreement
on May 16, 2024 at 2:00 pm
From agreement type to financing to scope of work, here are details to iron out when vetting construction companies.
Nature’s Miracle closer to snapping up struggling Agrify
by Adam Jackson on May 16, 2024 at 1:56 pm
The two have now signed a definitive agreement to close the deal. The post Nature’s Miracle closer to snapping up struggling Agrify appeared first on Green Market Report.
Rubicon banks on vape launch to offset lackluster first quarter
by Adam Jackson on May 16, 2024 at 12:50 pm
There's optimism that its recent launch into the vape category could reignite growth. The post Rubicon banks on vape launch to offset lackluster first quarter appeared first on Green Market Report.
SOMAÍ Group, and Its Subsidiary, RPK Biopharma Expand Cookies Partnership to Include Europe and the UK
on May 16, 2024 at 12:49 pm
Marijuana is made musical at new Berkley dispensary in Michigan
by Staff on May 16, 2024 at 12:00 pm
Seven Point will feature different cannabis products next to records of a variety of music genres. The post Marijuana is made musical at new Berkley dispensary in Michigan appeared first on Green Market Report.
Psilocybin Doesn’t Alter Belief or Disbelief in God, Study Suggests
by Benjamin M. Adams on May 16, 2024 at 10:00 am
A new study suggests that psilocybin won’t change an atheist to a believer or vice-versa. The post Psilocybin Doesn’t Alter Belief or Disbelief in God, Study Suggests first appeared on High Times.
Psychedelic Toad Toxins Could Treat Depression, Anxiety Without Hallucinations
by Benjamin M. Adams on May 16, 2024 at 10:00 am
Secretions released by Colorado river toads show promise as a therapeutic psychedelic, even without hallucinations. The post Psychedelic Toad Toxins Could Treat Depression, Anxiety Without Hallucinations first appeared on High Times.
Willie and Annie Nelson Announce Cannabis Cookbook
by Nicole Potter on May 16, 2024 at 10:00 am
Willie & Annie Nelson’s Cannabis Cookbook is set to release this November, with classic recipes such as buffalo wings, chocolate cake, and fried chicken. The post Willie and Annie Nelson Announce Cannabis Cookbook first appeared on High Times.
Texas Senate To Hold Public Hearing on Delta-8, Delta-9 THC Products
by Nicole Potter on May 16, 2024 at 10:00 am
The hearing will be held on May 29, with the intention of discussing a ban on delta-8 and delta-9 THC products that have thrived in Texas since 2019. The post Texas Senate To Hold Public Hearing on Delta-8, Delta-9 THC Products first appeared on High Times.
Smart & Safe Florida Reveals $5M Ad Campaign To Amp Up MJ Legalization Support
by Keegan Williams on May 16, 2024 at 10:00 am
The campaign to legalize adult-use cannabis in Florida is ramping up as Election Day nears. The post Smart & Safe Florida Reveals $5M Ad Campaign To Amp Up MJ Legalization Support first appeared on High Times.
Cresco Labs warns of initial supply hiccups ahead of Ohio launch
by Adam Jackson on May 16, 2024 at 4:00 am
Cannabis operators in the state are caught in a race to scale up operations to meet expected demand. The post Cresco Labs warns of initial supply hiccups ahead of Ohio launch appeared first on Green Market Report.
What you need to know about cannabis financial services
by Community Choice Credit Union on May 16, 2024 at 3:55 am
Community Choice Credit Union: Helping cannabis business owners and industry workers manage their finances The post What you need to know about cannabis financial services appeared first on Green Market Report.
The Daily Hit: May 15, 2024
by Staff on May 15, 2024 at 11:00 pm
News from: Gold Flora, Schwazze, Michigan, Parallel Cannabis, and more. The post The Daily Hit: May 15, 2024 appeared first on Green Market Report.
Cresco Labs Reports $184M in Revenue in Q1 2024 Financial Results
on May 15, 2024 at 12:27 pm
'This is just the start,' says CEO Charles Bachtell, noting significant opportunities in new and potential adult-use markets such as Ohio, Florida and Pennsylvania.
Michigan’s Adult-Use Cannabis Sales Up 21% From Last Year
on May 15, 2024 at 11:49 am
The nation’s second-largest market reported nearly $1.1 billion in sales through the first four months of 2024.
The Ultimate Tool for Cleaning the Atmosphere, Controlling Odor and Improving Air Quality
by Sponsored on May 15, 2024 at 10:00 am
Gard'nClean ensures that fresh, clean environments are accessible to everyone, everywhere. The post The Ultimate Tool for Cleaning the Atmosphere, Controlling Odor and Improving Air Quality first appeared on High Times.
Ohio Committee Approved Adult-Use Sales Plan
by Nicole Potter on May 15, 2024 at 10:00 am
The rules propose that medical cannabis dispensaries be allowed to sell adult-use products starting on June 7. The post Ohio Committee Approved Adult-Use Sales Plan first appeared on High Times.
Ports in Belgium and the Netherlands, Europe’s ‘Cocaine Superhighway,’ Tackle Drug Problem
by Benjamin M. Adams on May 15, 2024 at 10:00 am
Authorities in Belgium and the Netherlands are attempting to thwart rampant drug trade at ports. The post Ports in Belgium and the Netherlands, Europe’s ‘Cocaine Superhighway,’ Tackle Drug Problem first appeared on High Times.

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Report: Massachusetts has too many cannabis licenses
by Green Market Report on May 17, 2024
The report cautioned against the unchecked expansion in cannabis retail and cultivation, as both sectors face oversupply risks.
Ribbon-cutting held for 1M square-foot cannabis cultivation campus in Coachella
by KESQ on May 17, 2024
A new one-million-square-foot cannabis cultivation campus is now open in Coachella. Green Horizons is on Avenue 48 near Dillon Road. California State Treasurer Fiona Ma was at the ribbon-cutting ceremony, pushing for more banking access for marijuana businesses. "I also testified in Congress about the Safe Banking Act. It was the first-ever Congressional hearing and
New Cannabis Cultivation Campus Opens in Coachella
by NBC Palm Springs on May 17, 2024
Thursday marks the opening for the largest cannabis cultivation center in the Coachella Valley, Green Horizons.
Cal City without $600K in back taxes from cannabis
by KERO 23 ABC News Bakersfield on May 17, 2024
Cal City out to collect $600K in back taxes for cannabis for the most recently quarterly payment, a report shows.
Cannabis reclassification could help combat stigma
by Jonah Snowden on May 17, 2024
Efforts to decriminalize cannabis are underway on Capitol Hill, as the Department of Justice recently moved to re-classify the drug as a less dangerous substance.
Thai Cannabis Groups Rally Against Plan to Relist Plant as Drug
by Hindustan Times on May 17, 2024
Cannabis advocacy groups in Thailand urged the government to reconsider a plan to relist marijuana as a narcotic to protect the interest of a nascent industry and a large community of weed growers.
New Hampshire Senate Passes Marijuana Legalization Bill After Adopting Changes To House-Passed Version
by Marijuana Moment on May 17, 2024
Following considerable debate on the New Hampshire Senate floor on Thursday, state lawmakers have revised and approved a House-passed bill that would legalize marijuana in the state. The measure, which senators advanced on a 14–9 vote, next heads to the Finance Committee before returning again to the chamber floor and then potentially going back to
MJUS: Big Implications As President Biden Reschedules Cannabis (NYSEARCA:MJUS)
by Julian Lin on May 17, 2024
President Biden and the DOJ announced the rescheduling of cannabis to Schedule III. Read how this sparked increased activity in MJUS ETF.

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