Colorado saw an almost $100 million decline in marijuana tax revenue last year, and an industry trade group said on Friday that the drop is resulting in struggles for small-business owners. In 2021, Colorado collected $423 million in cannabis tax revenue, and last year, the state collected $325 million... Read more
A key GOP lawmaker says he plans to take Food and Drug Administration (FDA) officials to task over their failure to enact regulations for hemp-derived products like CBD in the marketplace. In a recent interview conducted by the U.S. Hemp Roundtable, Rep. James Comer (R-KY) said that he would... Read more
The governor of Pennsylvania has issued 2,540 pardons during his tenure, and at least a quarter of those were for people with prior marijuana convictions, his office announced on Thursday. As Gov. Tom Wolf (D) prepares for the end of his tenure next week, he’s touting his record as... Read more
A federal agency released a report on Thursday that urges states that have legalized marijuana to include warning labels on cannabis products that caution against driving while impaired—noting that federal prohibition is a barrier to nationalizing such consumer education to mitigate public safety risks. The National Transportation Safety Board... Read more
Predictions are easy. They are opinions and don’t necessarily need to be correct; in the same way New Year’s resolutions are shrugged off by March. Instead, what are the themes we all can come back to every day? Consider this an open letter to all my cannabis industry colleagues.... Read more
On Tilray’s recent Q2 F2023 earnings call on Jan. 9, chairman and CEO Irwin Simon discussed the possibility of allocating cultivation resources to fruits and vegetables as a way of countering oversupply in the cannabis space and hedging against the industry’s broader economic headwinds. The company’s second quarter ended Nov. 30,... Read more
On Jan. 10, 2023, Connecticut became the 18th state to launch commercial cannabis sales. With Connecticut’s launch, 18 of 21 adult-use states have launched commercial sales—with six states launching adult-use sales in 2022 and now one in 2023. Individuals 21 years and older in Connecticut can now possess up... Read more
Housing Works Cannabis Co. has spent the last 33 years serving homeless people suffering from HIV and AIDS, with a particular focus on those with substance use disorder. Now, the organization has embarked on a new journey as the first adult-use cannabis retailer in New York, opening its doors... Read more
Nearly five years after the 2018 Farm Bill legalized the production and sale of industrial hemp—and with the 2023 Farm Bill on the horizon—officials with the U.S. Food and Drug Administration (FDA) have indicated that they may take steps to regulate CBD this year. Thus far, the FDA’s official... Read more
