We cannonball collectors rely on the US Ordnance Manual of 1861, which contains very-precise data on the prescribed weight and diameter of cannonballs used in America from the Revolutionary war through the civil war.
www.civilwarartilelry.com/shottables.htm
The Manual's "Shot Tables" charts say an 8-inch caliber Solid-Shot cannonball was 7.88 inches in diameter and it weighed 65 pounds.
Rambo01, your ball's weight is exactly the specified weight for an 8-inch caliber Solid cannonball. But your report of its diameter is 8.67-inches, which doesn't match up with an 8"-caliber cannonball. Your photos of the ball show no rust-dirt concretion on the ball, so I'll assume your measurement was not "artificially increased by concretion. Please re-measure the ball's diameter,
While we wait for that info...
The hole looks to be 6-sided, not octagonal (8-sided). Long ago, I knew a guy here in Virginia who drilled civil war shells for deactivation, and after flushing out the shell's powder-cavity, he plugged the hole. Your ball is a Solid, so it would not need to be deactivated. But that guy also put a drillhole in Solid cannonballs, for good electrical contact for the Electrolysis rust-removal process.
In summary:
Your ball's weight is correct for an 8"-caliber cannonball. But it must also match up with the specified diameter (7.88-inches). I look forward to seeing the result of re-measuring.