Cannabis Business

A federal appeals court has upheld Mississippi’s ban on advertising medical products, affirming that the restriction does not violate the First Amendment. The ruling, issued by the 5th Circuit Court of Appeals, references the Schedule I status of the product under the Controlled Substances Act (CSA) and rejected arguments that it is “effectively legal” federally. […]

The U.S. Senate is proposing significant changes to how intoxicating hemp-derived products, such as delta-8 THC and THCA, are regulated. Led by Senator Debbie Stabenow, the legislation aims to redefine hemp by capping total THC at 0.3%, encompassing all psychoactive THC variants. This bipartisan effort seeks to address regulatory gaps left by the 2018 Farm

New York regulators anticipate $800 million in revenue from state-licensed dispensaries by the end of 2024, according to a report by CNY Central. While the figure marks significant growth from last year, it remains far below the $5 billion forecasted when adult-use sales were legalized. The state currently generates over $24 million weekly from adult-use

Pueblo, Colorado-based Bee’s Knees CBDs and its owner, Joseph Leyba, have agreed to pay a $225,000 settlement following an investigation by the Colorado Attorney General’s office. The investigation revealed that the company misrepresented product sources, falsely labeled some items as “organic,” claimed unverified partnerships with nonprofit organizations, and failed to verify customers’ ages. The penalties

In just under three months since the launch of adult-use cannabis sales, Ohio has seen significant revenue growth, with total sales surpassing $131.8 million, according to the Ohio Department of Commerce Division of Cannabis Control (DCC). The state reported about $55 million in sales over the past month alone, a testament to the rapid expansion

Montgomery Circuit Judge James Anderson has appointed a mediator in the ongoing legal battle over Alabama’s attempts to award medical cannabis operator licenses, ABC News reports. The mediation, led by retired Circuit Judge Eugene Reese, aims to resolve the dispute stemming from lawsuits against the Alabama Medical Cannabis Commission (AMCC), which has faced challenges since

The American Institute of CPAs (AICPA) has called on the Department of Treasury and the Internal Revenue Service (IRS) to provide guidance for cannabis businesses as the federal government moves to reschedule cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act. This change would remove state-approved cannabis businesses from