California’s cannabis regulator is pressing for clearer federal guidance as Green Thumb commits more capital to share repurchases. In Hollywood, a multistate settlement removes a major obstacle to Paramount Skydance’s Warner Bros. Discovery acquisition.
Tag: Los Angeles
Cannabis Rulebooks Expand as Hollywood Merger Talks Fray
Virginia and Nevada are advancing consequential cannabis regulations covering market entry, retail operations and laboratory testing. In Hollywood, growing opposition and dissent among state attorneys general are complicating settlement talks over Paramount’s proposed Warner Bros. Discovery takeover.
Cannabis Policy Moves as Hollywood Megamerger Talks Accelerate
A bipartisan federal bill targets cannabis-related barriers to government employment, while Maine regulators warn patients about contaminated concentrate. In Hollywood, settlement negotiations could determine the fate of Paramount’s proposed Warner Bros. Discovery takeover.
Alabama Clears Cannabis Shift as TerrAscend Battles Tax Clawback
Alabama removed a state-level obstacle to federal marijuana rescheduling, while TerrAscend challenged the government’s effort to recover an $8.36 million tax refund. In Los Angeles, new restitution laws are being tested through lawsuits involving artworks held by the Norton Simon Museum and the Auschwitz Memorial.
Florida Expands Cannabis Market as Licensing Fight Reaches Supreme Court
Florida awarded 22 medical cannabis licenses while a separate licensing dispute reached the U.S. Supreme Court. In Southern California, a federal judge restricted warrantless immigration arrests across the region.
Cannabis Recalls Widen as Maryland Reshapes Market Rules
California’s cannabis safety investigation expanded with additional recalls and evidence of prohibited pesticides, while Maryland activated rules affecting products, packaging and licensees. In Los Angeles, a helicopter crash killed three people as a local news crew covered another fatal collision.
Cannabis Rules Advance as Clippers End Their Fight
Florida proposed a new framework for medical marijuana licensing, a federal bill raised the prospect of longer exclusivity for botanical drugs, and Clippers owner Steve Ballmer accepted sweeping NBA penalties.
Cannabis Enforcement Surges as Mexico Expands Personal-Use Rights
Oregon authorities dismantled a massive illicit cultivation network, while Mexico’s Supreme Court expanded the activities permitted under personal cannabis authorizations. In Los Angeles County, deputies increased patrols near former Vice President Kamala Harris’ Malibu home after a reported trespassing incident.
Cannabis Rescheduling Holds as Hemp Risks and Regulatory Scrutiny Grow
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.
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.
