A bipartisan bill that would allow state-legal marijuana companies to list on major U.S. stock exchanges gained its third sponsor today, with Representative Patrick Ryan (D-NY) signing on to the proposal. The Capital Lending and Investment for Marijuana Businesses Act, known as the CLIMB Act, was introduced by Representatives Guy Reschenthaler (R-PA) and Troy Carter …
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DEA Finalizes Schedule III Rule for FDA-Approved and State-Legal Medical Marijuana Products
The Drug Enforcement Administration (DEA) has published a final rule moving FDA-approved marijuana products, along with marijuana covered by state medical marijuana licenses, from Schedule I to Schedule III of the Controlled Substances Act. The rule took effect today, April 28. The order applies to FDA-approved products containing delta-9 THC derived from the marijuana plant, …
Oklahoma Judge Restores License for Major Medical Marijuana Grower
A major Oklahoma medical marijuana grower has regained its license after a state judge rejected regulators’ attempt to keep the business suspended. Cedric Gardens, one of the state’s largest licensed cultivators, was allowed to resume operations Monday after successfully challenging an emergency suspension issued by the Oklahoma Medical Marijuana Authority in February. The agency had …
DEA Medical Marijuana Dispensary Portal Opening April 29, Annual Application Fee Set at $794
The Drug Enforcement Administration (DEA) will open its new Medical Marijuana Dispensary Registration Portal on Wednesday, April 29, at 12 p.m. Eastern Time, giving applicants a formal starting point to register as a medical marijuana dispensary. The portal, hosted through the DEA’s Diversion Control Division, says those looking to register as a medical marijuana dispensary …
TerrAscend Reports $65.5 Million in Preliminary First Quarter Revenue, 15th Straight Quarter of Positive Operating Cash Flow
TerrAscend reported $65.5 million in preliminary net revenue for the first quarter of 2026, marking a slight increase from the same period last year as the company prepares to release its full quarterly results next week. The North American marijuana operator said the figure compares to $66.1 million in the fourth quarter of 2025 and …
Marijuana Rescheduling Notice Posted to Federal Register, Hearing Set for June 29
The DEA’s notice setting an official hearing on marijuana rescheduling has been posted for public inspection by the Federal Register, with official publication scheduled for April 28, marking the latest formal step in the effort to move marijuana from Schedule I to Schedule III under federal law. The move comes after the DOJ signed an …
Study: Just 6.7% Oppose Marijuana Rescheduling, But 63.5% Say It Doesn’t Go Far Enough
An analysis published today by the journal Addiction finds that while less than 7% of the public opposes marijuana rescheduling, 63.50% say a move to Schedule III doesn’t go far enough. Researchers from Johns Hopkins University, La Trobe University and the University of California San Diego examined 42,913 public comments submitted to Regulations.gov between May …
U.S. House Committee Approves Federal Review of Legal Marijuana States
A U.S. House committee has approved language calling for a new federal review of how states regulate marijuana, marking another sign that Congress is being forced to reckon with the growing divide between federal prohibition and the reality of legalization across much of the country. The provision was approved by the House Appropriations Committee as …
Canada Marijuana Sales Top CA$918 Million Through First Two Months of 2026, Up 8.5% From 2025
Marijuana consumers in Canada purchased CA$440.520 million worth of legal products in February, bringing the nation’s 2026 total to over CA$918 million through the first two months of the year. The total comes after CA$478.239 million in legal marijuana was sold in January. Combined, the CA$918.759 million sold in January and February represents an 8.5% …
U.S. Congress: Legislation to End Federal Marijuana Prohibition and Allow Expungements Gains Three New Sponsors, Reaching 65 Total
The Marijuana Opportunity Reinvestment and Expungement (MORE) Act gained three new sponsors today, bringing the total number of backers in the U.S. House to 65. The new sponsors are Reps. Joaquin Castro (D-TX), Kweisi Mfume (D-MD) and James McGovern (D-MA). Their support marks the first new sponsors for the bill since February, and it comes …
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