California lawmakers fail to include cannabis tax relief in budget bill
(This story has been updated to correct a misstatement about the Legislative Analyst’s Office prediction about the excise tax increase.) Faint hopes for California cannabis industry excise tax relief evaporated Wednesday when lawmakers failed to squeeze a freeze on...
Ohio lawmakers unlikely to change recreational marijuana law before break
It appears unlikely that Ohio lawmakers will make changes to the state’s recreational marijuana law before their summer break. The state’s House Judiciary Committee was expected to vote on whether to advance Senate Bill 56, but for two consecutive weeks, the...
Arkansas can enforce hemp-derived THC ban, appeals court rules
Most hemp-derived THC products in Arkansas are illegal and state officials may enforce a 2023 ban, according to a ruling from the U.S. 8th Circuit Court of Appeals. The Tuesday decision overturns a 2024 lower-court ruling in a case brought by four hemp companies that...
Texas delivers potential major milestone for hemp and medical marijuana
The way Texas Lt. Gov. Dan Patrick sees it, the greatest gift the American THC industry is likely to enjoy in 2025 came late Sunday. “The governor of the state of Texas wants to legalize recreational marijuana in the state of Texas,” Patrick said Monday, lamenting...
House Republicans’ hemp-derived THC ban approved in committee
A Republican budget proposal in the U.S. House of Representatives that would ban hemp-derived THC under federal law passed a committee vote but is still far from becoming law. By a party-line vote of 35-27 on Monday, the House Appropriations Committee approved the...
Arkansas nears annual medical marijuana sales mark with $121M-plus through May
With Arkansas’ medical marijuana sales exceeding $121 million through May, the state is on track to break its annual record set in 2023. Sales of medical marijuana products in the state – $121,024,696 – are about $7.2 million higher than they were for the...
Mature cannabis markets see job losses while emerging states boom
Despite a 4.5% increase in revenue that reached $30.1 billion in 2024, the regulated marijuana industry experienced a 3.4% decline in employment, shedding 15,000 jobs to settle at 425,000 workers. The trend signals that cannabis operators are recalibrating in response...
Jones Soda sells marijuana beverage business for $3 million
(This story was updated June 26 with more details and comment.) Jones Soda Co. sold its marijuana-derived THC beverage business to MJ Reg Disrupters for $3 million. The deal was for about $489,000 in cash with the remaining in the form of a promissory note with fixed...
Texas gov saves $5 billion hemp-derived THC industry, expands medical marijuana
The hemp-derived THC industry in Texas is breathing a $5.5 billion sigh of relief after Gov. Greg Abbott vetoed a bill that would have outlawed hemp-derived THC’s biggest individual market. Defying state law enforcement officials and Lt. Gov. Dan Patrick, who had...
Ayr dismisses talk of Connecticut exit amid its other marijuana consolidations
Rumors that a second marijuana multistate operator is planning to exit Connecticut are raising questions about the state’s strict regulations and expensive licensing fees. Meanwhile, despite having made other consolidation moves across the country, Ayr Wellness...
Controversial Ohio adult-use cannabis changes stall amid political dissension
A contentious bill proposing sweeping changes to the adult-use cannabis landscape in Ohio has stalled in the Legislature. Many cannabis advocates have opposed controversial Senate Bill 56, which would impose a statewide recreational marijuana business license cap and...Featured
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