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Massachusetts Vape Sales Plummet in Light of Health Concerns

September 23, 2019 admin Comments Off on Massachusetts Vape Sales Plummet in Light of Health Concerns

Massachusetts marijuana vape sales have taken a dramatic dive amid national vape-related health concerns. And Juul, the company that holds nearly 75% of electronic cigarette market share, is reacting in a way that reminds us an awful lot of the tobacco industry.
Weekly sales of oil-filled vape cartridges dropped from a recent peak of $919,776 in mid-August to $689,924 two weeks ago, according to the Massachusetts Cannabis Control Commission. Sales on September 15 were $68,609 – the lowest in two months.
The decline happened despite four new pot retailers and two medical marijuana dispensaries opening during the same period – and despite …read more […]

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Fed’s Bullard says prefers standing repo facility to ensure smooth markets in the future

September 23, 2019 admin Comments Off on Fed’s Bullard says prefers standing repo facility to ensure smooth markets in the future

St. Louis Federal Reserve bank president James Bullard said on Monday he would support the creation of a standing repo facility at the Fed in the “medium term” to avoid the sort of problems that developed last week in important short-term funding markets.

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Vaping Health Crisis, Corporate Drama Contribute to Pot Stock Pullback

September 23, 2019 admin Comments Off on Vaping Health Crisis, Corporate Drama Contribute to Pot Stock Pullback

For weeks we’ve been covering the national “vaping crisis.”
And it just continues to gain steam.
The Centers for Disease Control and Prevention announced that the number of victims from the vaping-related illness is now over 530. Unfortunately, it has also claimed its eighth victim – a Missouri man in his 40s.
In response to the growing epidemic, the Food and Drug Administration launched a criminal probe last week. The agency has collected more than 150 samples for forensic analysis. Though the majority of illnesses appear to come from THC vape pens.
Meanwhile, two states – New York and Michigan – have banned all …read more […]

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Fed’s Bullard: U.S. policy now ‘considerably’ looser, but markets may demand more

September 23, 2019 admin Comments Off on Fed’s Bullard: U.S. policy now ‘considerably’ looser, but markets may demand more

The Federal Reserve’s policy shift since last year has made monetary policy “considerably more accommodative” than a year ago, but world markets are likely expecting more to come, St. Louis Federal Reserve bank president James Bullard said on Monday.

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