The Business of Cannabis

What to Know About Medicare’s Hemp-Derived Product Program

Under the program announced on April 1, "eligible hemp-derived products can be incorporated into patient care plans under clinician guidance, consistent with model requirements and applicable law," CMS said in a press release. However, the program will...

Experts: Expanded Cannabis Access In Las Vegas May Benefit Gaming Industry

Experts in gaming, cannabis policy, and state government say expanding access to legal, regulated cannabis in Las Vegas could bolster tourism. It could also support the broader gaming industry. This is especially important as visitation softens. Moreover,...

Eastern North Carolina Senator’s Bill Would Put Marijuana Legalization On November Ballot

Voters in North Carolina could decide the future of marijuana after Senate Democrat Kandie Smith of Greenville and two colleagues introduced Senate Bill 1072 on Monday. The legislation is intended to bypass years of legislative gridlock by placing...

Psychedelics Move Into The Spotlight

Psychedelic drugs may be having a moment in Michigan and nationwide. In April, President Donald Trump signed an executive order making them available to treat mental health conditions including depression and anxiety.   And in Michigan, the Democratic Party...

Arizona Cannabis Supply Continues To Outpace Demand

The Arizona Department of Revenue (ADOR) recently released estimated sales data for November 2023. Combined medical and adult use sales reached $108.6 million in November, down 3.2% from $112.2 million in October. November 2023 sales were down 8.5% year-on-year from...

Florida Could Ban Delta-8 And Other Intoxicating Hemp Products

The Florida State Senate earlier this month unanimously passed a bill that would ban hemp-derived delta-8 THC and similar intoxicating hemp products. In addition to delta-8, Senate Bill 1698 (SB 1698) would also specifically prohibit ingestible or inhalable...