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News from: Cannabis banking, RIV Capital, Slang Worldwide, Rhode Island and more.
The Daily Hit is a recap of the top financial news stories for Wednesday, August 28, 2024.
On the Site
Congressional report finds rescheduling won’t fix cannabis banking situation
The report notes that financial institutions can already bank cannabis businesses, however they must take additional compliance steps to do so.
Rhode Island cannabis regulators weigh product packaging, labeling reforms
The proposed rules would allow for bright colors and remove the mandate for including THC potency.
Vermont still developing social equity program for cannabis entrepreneurs
A working group has a deadline of Jan. 15 to issue policy recommendations for the social equity program.
Earnings:
In Other News
Maryland Cannabis Administration
Maryland Cannabis Administration Director Will Tilburg will depart the agency on Dec. 4 to pursue other career opportunities. Tilburg will remain in his position while a search for his successor is conducted by the governor’s Appointments Office.
Delaware
From expediting the licensing process to removing the list of qualifying conditions for registered patients, Delaware’s ever-evolving laws and regulations have created an expansive cannabis program. With a projected market of $251 million, many are wondering what their instrumental role is in the state’s soon-to-be booming cannabis market.
Cannabis rescheduling
If cannabis rescheduling moves forward, the move could have strong implications for employment law. More employers likely will permit off-work use of cannabis if marijuana is rescheduled, particularly for medical use.
