Nebraska weighs consequential medical cannabis rules, a prominent New York retailer confronts difficult store economics, and Netflix confirms its largest workforce reduction to date.
Tag: Los Angeles
Cannabis Firms Report $2.8 Billion in Disputed Tax Exposure
Cannabis operators are carrying billions in uncertain tax liabilities as federal regulators debate the next step in marijuana rescheduling. Los Angeles, meanwhile, is imposing new criminal exposure on cannabis retailers that sell nitrous oxide.
Cannabis Revenue Pressure, Medical Evidence and L.A. Fire Risk
Illinois cannabis sales data underscores intensifying price compression, while new cancer-patient research highlights demand for stronger clinical evidence. Near Los Angeles, firefighters gained ground on a fast-moving Santa Clarita wildfire after evacuations.
Cannabis Court Fight Advances as Bedrocan Enters Bankruptcy
Federal cannabis opponents and the Justice Department proposed a timetable for a major rescheduling lawsuit, while the Netherlands’ sole medical cannabis supplier entered bankruptcy. Netflix is also reportedly preparing its largest workforce reduction since 2022.
Cannabis Operators Confront Federal Uncertainty and Financial Pressure
State regulators are pressing the DEA for clearer rescheduling guidance, Los Angeles has postponed tax-related licensing restrictions, and Trulieve has paid down $65 million in mortgage debt.
DEA Opens Cannabis Registration as Medicare Hemp Fight Escalates
Federal cannabis policy moved deeper into implementation as the DEA opened specialized registration channels for medical marijuana businesses and opponents escalated a challenge to a Medicare hemp initiative. In Hollywood, Paramount completed its Warner Bros. Discovery acquisition, formally creating Skydance.
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.
Hemp’s Federal Deadline Looms as AI and Oil Reshape Los Angeles
The hemp THC industry is mounting a final defense against a looming federal ban, while Los Angeles confronts disruptive shifts in local broadcasting and urban oil production.
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.
Hemp Sales Face New Limits as Cannabis Oversight Draws Scrutiny
A federal appeals court narrowed protections for hemp sellers in Ohio, an Atlantic City official faces cannabis-related bribery charges, and bipartisan lawmakers proposed a major federal incentive for domestic film and television production.
