A federal appeals court left a limited cannabis rescheduling order in effect, Massachusetts crossed $10 billion in adult-use sales, and a new report quantified the hemp sector’s exposure to pending restrictions. Regulatory pressure also intensified around Fox’s Roku acquisition and Los Angeles wildfire insurance claims.
Tag: cannabis business
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.
Cannabis Consolidation Meets a New Enforcement Push
Cresco Labs expanded its Pennsylvania retail footprint as California intensified enforcement against illegal intoxicating products and investigated troubling conditions at a licensed cultivation site. Alaska regulators also opened a potentially consequential debate over cannabinoid sourcing, while Fox News began an abrupt programming transition.
Federal Hemp Ban Delayed
President Trump signed a temporary reprieve for much of the hemp-derived THC market, California highlighted nearly $8.4 billion in cannabis tax revenue, and Aurora formally rejected Curaleaf’s hostile takeover bid.
Federal Hemp Market Gets a One-Month Reprieve
Federal hemp restrictions are delayed until December, Aurora rejects Curaleaf’s hostile takeover bid, and California reports $8.4 billion in cannabis tax revenue alongside a major illicit-market seizure.
Federal Hemp THC Ban Delay
Congress has sent a temporary hemp THC reprieve to the White House, while Curaleaf and Aurora escalate a major cannabis takeover battle. In Los Angeles, the Lucas Museum of Narrative Art has detailed its long-awaited public opening.
Federal Cannabis Rescheduling Nears Decision
The DEA’s publication of its full marijuana-rescheduling hearing record moves a consequential federal decision closer. Cannabis consolidation in Arizona and a $2 billion Los Angeles Olympics transit appeal round out today’s brief.
Hemp Restrictions and Cannabis Market Risk
Cannabis businesses face consequential regulatory and capital-market pressure as Missouri defends new hemp restrictions, Massachusetts operators mobilize against an adult-use repeal, and IM Cannabis executes a reverse split to protect its Nasdaq listing.
Cannabis Compliance and Streaming Expansion
New Mexico begins a consequential cannabis tracking-system transition as an Oklahoma extraction-facility explosion prompts murder charges. NBCUniversal is also expanding its international streaming strategy through a broad partnership with Japan’s U-NEXT.
Hemp Reprieve and Cannabis M&A
Congress has given the intoxicating-hemp market a brief regulatory reprieve, while Aurora Cannabis formally rejected Curaleaf’s hostile takeover bid. In New Mexico, a contested seed-to-sale technology rollout is testing operators and regulators.
