Cannabis Tax Clarity Advances as California Opens a New Equity Market

Federal tax guidance for cannabis businesses moves onto the Treasury Department’s priority agenda, San Diego County opens a social-equity licensing window, and extreme heat raises operational risks across Los Angeles.

California Tightens Cannabis Oversight as IM Cannabis Exits Europe

California is expanding cannabis testing and cannabinoid enforcement powers, while IM Cannabis has completed a related-party exit from Europe. In Los Angeles, the mayoral contest is sharpening around governance, homelessness and the future of the entertainment economy.

Cannabis Contract Shock and Hollywood’s Merger Standoff

A federal appeals court erased a $31.8 million cannabis verdict, Ohio activated detailed product rules, and Paramount’s contested Warner Bros. acquisition moved toward court-ordered settlement talks.

Cannabis Banking Gaps Persist as Ballot and Global Market Stakes Rise

A federal review documents persistent banking barriers for cannabis businesses, a well-funded campaign targets Massachusetts legalization, and Canopy Growth expands in Australia. Hollywood’s record summer and storm damage in Long Beach round out the day’s major business and California developments.