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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Major Federal Policy Shift?: Trump lights-up the industry with talk of Executive Order related to rescheduling.
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Revisit of Gonzolez v. Raich Rejected: SCOTUS denies cert. in CannaProvisions case.
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Federal hemp uncertainty: CRS warns enforcement of new hemp definition "remains unclear" due to FDA and DEA resource constraints.
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Medicare expansion: CMS proposes allowing federally legal hemp products in Medicare plans through November 2026.
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Tax Court: Industry coalition files amicus brief in NM Top Organics 280E Tax Court case.
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DOJ reversal: Trump administration rescinds Biden marijuana prosecution guidance; Wyoming promises "rigorous" enforcement.
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New markets: Florida continues 2026 ballot push; Rhode Island opens first adult-use retail licensing; Texas awards nine medical licenses creating up to 99 locations; Virginia preps 2026 legalization recommendations.
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State updates: Colorado adopts final rules benefiting licensees; Michigan court allows 24% wholesale tax to proceed despite ongoing constitutional challenge; Ohio caps retailers at 400, cuts concentrate potency.
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Hemp patchwork: Chicago moves toward THC hemp ban; Hawaii advances registration rules; Tennessee extends old framework through June 2026.
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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.