Earlier this week, the U.S. Federal Reserve announced it was cutting interest rates for the first time in four years. What does that mean for the legal cannabis industry?

MORE: What does the Fed interest rate cut mean for mortgages and homebuyers? By the end of 2024, interest rates will fall another half of a percentage point from their current lev

Central bank’s aggressive move follows a gradual reduction in US inflation and comes less than two months before election day

A cut in interest rate typically incentivises economic activity, promotes growth, and increases job creation by making it cheaper for people to borrow money. Conversely, a hike in interest rates or persistently high interest rates tend to drag down economic growth and employment generation.