The Business of Cannabis

U.S. Cannabis Sales Could Top $72 Billion By 2030, Says Leading Researcher

Dec 27, 2022 | National

U.S. cannabis sales is estimated to rack up a whopping $57 billion by 2030, according to a top researcher. But hold up: That figure could top a whopping $72 billion if the 18 additional states that seem likely to legalize activate their markets. It’s a stunning...

Cannabis Reform Dead In Congress After Objections From Republicans

Dec 20, 2022 | National

Congress won’t include any cannabis provisions in its year-end spending package, dooming the chances of an overhaul of marijuana laws for the foreseeable future. Not only will Congress fail to legalize marijuana this year, lawmakers couldn’t even agree to include a...

Senate GOP Faces Politics Vs. Policy Battle On Marijuana

Dec 16, 2022 | National

The omnibus package is on the path to passage, but the expected exclusion of marijuana banking reform has spawned a battle in the Senate GOP. For months, top Democrats and a number of Republicans had high hopes that legislation allowing banks to offer services to...

USDA Delays Enforcement Of Rule Requiring Hemp To Be Tested By DEA-Registered Labs Due To ‘Inadequate’ Capacity

Dec 14, 2022 | National

The U.S. Department of Agriculture (USDA) is delaying enforcement of a rule requiring hemp to be tested at laboratories certified by the Drug Enforcement Administration (DEA) due to “inadequate” capacity of such facilities. USDA announced the extended enforcement...

Poll: Nearly Three in Four Likely Voters Support Ending The Federal Ban On Marijuana, Other Federal Reforms

Dec 7, 2022 | Feature, National

Seventy-four percent of likely voters say that they “support ending the federal ban on marijuana,” according to national polling data provided by the progressive-leaning think tank Data for Progress. Eighty-five percent of Democrats, along with 74 percent of...

Congressional Lawmakers Decline To Put Marijuana Reform In Defense Bill As New Details Surface On SAFE Plus Package

Dec 7, 2022 | National

A large-scale defense bill that advocates had hoped would serve as a vehicle to enact marijuana banking and expungements reform does not include any cannabis language following bipartisan and bicameral negotiations. At the same time, details about the so-called SAFE...