Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry. In this edition of the buzz, highlights include:
Federal momentum shifts: Executive Order directing DOJ to expedite marijuana rescheduling to Schedule III has no timeline; Smart Approaches to Marijuana vows to challenge -
New market milestones: KY launches first legal medical sales after 3-year wait; VA preps for adult-use commerce with July licensing applications and November sales -
Tax battles intensify: MI's new 24% wholesale tax faces court challenges; ME bumps adult-use sales tax to 14% but cuts cultivation taxes -
Hemp regulations tighten: MI moves intoxicating hemp into regulated cannabis market; TX proposes consumable hemp regulations; NM adopts new hemp rules; OH restricts intoxicating hemp sales to dispensaries -
Markets under threat: Repeal initiatives targeting existing adult-use programs advance in AZ, ME, and MA—signature collection underway for 2026 ballots; FL legalization ballot initiative challenged in court
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