Officials in an Illinois suburb near Chicago became the latest to crack down on unregulated hemp-derived THC products, joining other local governments across the state to fill what they describe as a regulatory vacuum left by Springfield lawmakers. The Rolling Meadows City Council unanimously approved an ordinance this week prohibiting retail sales of hemp-derived THC, […]
Adult-use marijuana sales in Illinois were down a little more than 2% in September compared to the same month last year, even though businesses sold more than $1 billion worth of marijuana faster than they have in previous years. Sales of adult-use products totaled $136.5 million last month, compared with $139.5 million in September 2023, […]
News from: Starbuds Flowers, Canopy Growth Corp., Kentucky and more. The Daily Hit is a recap of the top financial news stories for Thursday, October 17, 2024. On the Site Starbuds busted for Starbucks copycat logo Starbuds has to quit using the name and logo and destroy all products containing the images. Read more here. […]
Falling prices, steep competition contributed to the revenue decrease. This story was republished with permission from Crain’s Chicago. Statewide marijuana sales revenue in Illinois dropped 2% in September, the first year-over-year decline since recreational cannabis became legal in the state four years ago. Sales totaled $136.5 million last month, down from $139.5 million a year ago […]
