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Historic election victory as Massachusetts rejects cannabis sales ban, $1.65 billion industry safe
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New York cannabis sales top $1.4 billion through Q3
The third-quarter figure accounts for about 34% of the $4.1 billion in cumulative sales since the market launched in December 2022.
News October 28
Federal hemp THC rescue possible after midterm elections – but with new rules
A rescue plan for hemp cannabinoid products is likely to emerge after the midterm elections, according to Capitol Hill players, but not every product currently on the market will make…
News October 28
Ahead of Farm Bill loophole closure, signs a hemp THC crackdown is already underway
Law enforcement officials have raided and charged dozens of hemp operators across the country, more than six weeks before a new federal ban takes effect.
News October 28
Why dealmakers call MJBizCon ‘THE conference’
Roz McCarthy spent the last day of MJBizCon 2021 walking the show floor armed with business cards, a T-shirt she’d had made the previous night and a vision for the…
News October 27
Rhode Island hemp firms can quarantine inventory ahead of federal THC ban
Rhode Island hemp businesses can quarantine intoxicating inventory rather than destroy it, keeping options open if federal rules change.
News October 27
Nevada latest mature cannabis market to consider tax increase
Diminishing cannabis tax revenue in Nevada is leading lawmakers to ponder tweaks in the cannabis tax, including an increase to the excise tax charged at the point of sale.
News October 27
California social equity cannabis licenses top nonequity active rates
A review of 1,653 California retail licenses finds 81% of social equity holders are active versus 76% for nonequity licenses.
News October 26
Marijuana MSO sues Ohio town, claiming local fees were ‘extortion’
Pierce Township's attempt to collect 4.5% of cannabis retailers' annual gross as a condition of being allowed to operate amounts to illegal "extortion," Vext Science claims in a lawsuit.
News October 26
Texas hemp groups sue over rule counting THCA as delta-9 THC
A hemp group and manufacturer oppose rules that count THCA against the legal THC limit and add tougher testing, labeling and fee mandates.
News October 23
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