Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.
In this edition of the buzz, highlights include:
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Rescheduling: Will he/won’t he—President Trump may make a move; new DEA Administrator Terrance Cole says it’s a top priority.
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New Markets: TX to issue new compassionate use program licenses. KY to open first medical dispensary this fall.
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In the Courts: Missouri Supreme Court strikes down cannabis tax “stacking.” Second Circuit finds NY’s cannabis licensing priority for NY-only convicted applicants is unauthorized “economic protectionism.”
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280E challenges: New Mexico Top Organics v. Commissioner briefs due in Tax Court this fall; Canna Provisions and other marijuana companies get more time from US Supreme Court to seek review of Gonzales v. Raich.
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Hemp Regulation: TX to consider hemp products in new special session. New rules proposed in AL (consumable hemp products) and TN proposed (HDC products)
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Policy Updates: CO releases proposed rules to improve regulatory efficiencies; CA auditor recommends legislature review youth advertising.
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This publication is designed to provide general information on pertinent legal topics. The statements made are provided for educational purposes only. They do not constitute legal or financial advice nor do they necessarily reflect the views of Holland & Hart LLP or any of its attorneys other than the author(s). This publication is not intended to create an attorney-client relationship between you and Holland & Hart LLP. Substantive changes in the law subsequent to the date of this publication might affect the analysis or commentary. Similarly, the analysis may differ depending on the jurisdiction or circumstances. If you have specific questions as to the application of the law to your activities, you should seek the advice of your legal counsel.