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:
- Rescheduling still stalled: More than a month after Trump directed AG Bondi to act "in the most expeditious manner," DOJ reports no new updates on marijuana rescheduling.
- 280E grip tightens: CRS report opines 280E fully enforceable while cannabis stays Schedule I.
- New market watch—PA yes, FL no: Gov. Shapiro includes adult-use legalization in PA's budget for 3rd year. FL's ballot initiative collapses after failing to gather required signatures.
- State policy roundup: ME's repeal initiative misses 2026 ballot; OH's AG sues nine MSOs for antitrust violations; OK Gov. pushes to let voters repeal state's medical program; NJ law opens door to 322 new retail locations.
- Hemp & taxes: Bipartisan HEMP Act introduced federally; Chicago moves to restrict hemp sales to licensed cannabis businesses; NE gov. targets synthetic THC via exec order; CO, VT, and WA all advance cannabis tax reform legislation.
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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.