The Business of Cannabis

FDA May Enact CBD and delta-8 THC Regulatory Recommendations Within Months

Dec 29, 2022 | National

Food and Drug Administration officials said they are taking steps to announce a plan for how to regulate cannabis-derived products like CBD and delta-8 THC in the coming months. This comes as the agency is also leading a review into marijuana’s scheduling...

Could Michigan Be the Next State to Legalize Psychedelics?

Dec 27, 2022 | Feature, National

First Oregon legalized psilocybin with Ballot Measure 109, approved by voters in November 2020. Then Colorado followed suit, but with the possibility of legalizing other classic psychedelics soon, via Proposition 122, approved by voters in November 2022. So...

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...