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:
-
Federal updates keep dragging: Cannabis rescheduling remains stuck in neutral—Trump's "within weeks" rescheduling promise from August? Still waiting.
280E Tax Court challenge: New Mexico Top Organics argues in Tax Court that marijuana isn't really Schedule I anymore. Cannaprovisions Inc. poised to file for Certiorari in the US Supreme Court on October 24.
New market growing pains: NE’s medical cannabis program misses launch deadlines amid regulatory complaints, while VA's adult-use future hangs on November's gubernatorial race.
State policy potpourri: CA cracks down on unlicensed online sales, MI adds a hefty 24% wholesale tax, and multiple states (NY, NJ, OH) duke it out in court over advertising rules and labor peace agreements.
Hemp landscape shifts: House bill banning consumable hemp products could see life in federal shutdown negotiations. OH governor tries to ban higher-THC hemp (but gets blocked by court), CA decides to fold hemp into the adult-use market by 2028, NM proposes new rules with strict THC limitations.
Read Here
Want the buzz delivered monthly?
Never miss a cannabis news and policy update. Use the button below to sign up for future monthly newsletters.
Sign Up
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.