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: Los Angeles
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 Legal Risks Rise as Hollywood and Los Angeles Face New Tests
A cannabis trademark fight and a widening federal court split highlight the legal risks confronting an industry still divided by state borders. In Los Angeles, hazardous surf and rain arrive as Hollywood measures major changes at CBS News and celebrates a record-setting Emmy performance.
Cannabis Oversight Tightens as Safety and Licensing Risks Mount
Cannabis regulators confronted safety, testing and market-access questions in Ohio, Arizona and Rhode Island, while Los Angeles faced new Olympics displacement concerns. In the arts, a dispute over Taiwan prompted Chinese participants to withdraw from a major Asian biennale.
Cannabis Safety Gaps, System Cutovers and Capital Pressures
Colorado’s cannabis oversight faces new scrutiny as New Mexico completes a statewide tracking-system transition. Fresh financial disclosures from Nextleaf and Body and Mind underscore continuing pressure on operators, while a funding breakdown threatens wildfire recovery support in Los Angeles.
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.
