The Business of Cannabis

Bucking The Trend: Michigan Wholesale Tax Nightmare At Hand

Sep 29, 2025 | Feature, Great Lakes Region, Michigan

As everyone in Michigan’s cannabis industry is all too painfully aware, Michigan’s Legislative leaders and Governor have agreed to create a new (minimum) 24 percent wholesale tax on the state’s cannabis industry. The Michigan House of Representatives passed the bill...

California: Governor Signs Legislation Halting Tax Hike On Commercially Available Cannabis Products

Sep 28, 2025 | National

Democratic Gov. Gavin Newsom has signed legislation (Assembly Bill 564) into law halting a recently-enacted excise tax hike on commercially available cannabis products. The law takes effect on October 1st. The new law rolls back a 25 percent tax hike...

Alaska Psychedelics Campaign Launches Signature Drive To Put Legalization Measure On 2026 Ballot

Sep 26, 2025 | National

Alaska activists have officially launched a signature drive to place an initiative on the 2026 ballot to legalize certain psychedelics such as psilocybin and DMT. About a month after the lieutenant governor’s office certified the measure for circulation, a...

White House Exploring All Options For Cannabis Rescheduling, Trump Drug Adviser Nominee Says

Sep 24, 2025 | Feature, National

President Donald Trump’s pick to be the White House’s top drug policy adviser refrained from endorsing a proposed rule to reclassify cannabis from a Schedule I to Schedule III drug under the Controlled Substances Act. That abstention was, in part, because her likely...

Kentucky Hemp Farmers Ask McConnell To Protect CBD Market Or Could Face Catastrophic Consequences

Sep 24, 2025 | National

Dozens of Kentucky hemp farmers are urging Republican U.S. Sen. Mitch McConnell not to “criminalize” the sale of products containing hemp-derived cannabinoids. A letter from 58 hemp farmers in the state sent to McConnell on Monday requests an in-person...