Analysis: State-Legal Cannabis Sales Top $30 Billion in 2024
Sales of state-licensed cannabis products totaled $30.1 billion in 2024, according to data compiled by Vangst Staffing and Whitney Economics. This total represents a 4.5 percent increase year-over-year. Analysts expect sales to top $34 billion...
Texas Legislature On Verge Of Banning THC Products
The Texas House gave final approval Thursday to a bill that would ban all products containing tetrahydrocannabinol, or THC, likely spelling the end for the state’s short-lived hemp industry. Under the legislation, which is nearing the governor’s desk for approval,...
Federal Labor Law Preempts State’s Attempt To Regulate Union Activity In Cannabis Industry
In an ironic turn of events this week, the application of federal law benefited state-licensed cannabis businesses in Oregon—and potentially nationwide. Those involved with the cannabis industry often view federal law as an impediment to cannabis businesses, given the...
Virginia: Governor Vetoes Medical Cannabis Bill
Republican Governor Glenn Youngkin vetoed legislation seeking to improve the state’s medical cannabis program. HB 1989 sought to significantly improve product labeling and codify permissible delivery locations. Regulations promulgated by the...