Louisiana will no longer participate as part of a group of states opposing federal marijuana rescheduling, after a Drug Enforcement Administration administrative law judge granted the state’s request to withdraw from the proceeding. In an order dated June 25, DEA Chief Administrative Law Judge Derek C. Julius said Louisiana filed a motion one day earlier …
Category: News
Latest cannabis news covering legalization, legislation, court rulings, business developments, research, sales data, regulatory updates and policy changes across the U.S.
Trulieve CEO Plans to Terminate Automatic Share Sale Plan Before Second Tranche Begins
Trulieve Cannabis Corp. announced today that Chairman and CEO Kim Rivers plans to terminate an automatic securities disposition plan during the company’s next open trading window on August 11. The plan, adopted on March 16, was created under Rule 10b5-1 of the Securities Exchange Act of 1934 and provided for the orderly sale of 2.5 …
Illinois Marijuana Sales Top $630 Million So Far in 2026, With 25 Million Items Sold
Marijuana sales in Illinois have topped $630 million through the first five months of 2026, with 25 million items sold, according to data released today by the state’s Cannabis Regulation Oversight Office. In total, Illinois dispensaries reported about $632 million in combined adult-use and medical marijuana sales from January through May. Adult-use sales accounted for …
Trulieve Schedules Shareholder Vote on Plan to Move Incorporation From British Columbia to Delaware
Trulieve Cannabis Corp. has filed a definitive proxy statement asking shareholders to approve a corporate move that would shift its jurisdiction of incorporation from British Columbia to Delaware. The special shareholder meeting is scheduled for August 5 at 11 a.m. ET and will be held virtually. Shareholders of record as of June 8 will be …
Governor Newsom Announces $227 Million to “Combat Illicit Cannabis Activity and Protect California Communities”
California Governor Gavin Newsom announced today that the state has awarded $227 million in Proposition 64 grant funding to local governments for programs addressing the impacts of marijuana legalization. The funding, administered through the Board of State and Community Corrections (BSCC), is intended to support public safety, illicit market enforcement, youth prevention and intervention, public …
Patient Advocates Urge DEA Judge to Reconsider Livestream Ban for Marijuana Rescheduling Hearing
A coalition of patient advocates, veterans groups and medical marijuana organizations is urging the Drug Enforcement Administration’s Office of Administrative Law Judges to reverse a decision barring any broadcast of the upcoming federal marijuana rescheduling hearing. In a letter sent Thursday to Chief Administrative Law Judge Derek C. Julius, Americans for Safe Access and several …
Bipartisan House Lawmakers Reintroduce SAFE Banking Act to Expand Financial Services for Marijuana Businesses
A bipartisan group of U.S. House lawmakers has reintroduced legislation that would allow banks, credit unions and other financial institutions to provide services to state-legal marijuana businesses without fear of federal punishment. The Secure and Fair Enforcement Banking Act of 2026, commonly known as the SAFE Banking Act, was filed by Representatives Dave Joyce (R-OH), …
Sacramento City Council Approves Five-Year Cannabis Consumption Lounge Pilot Program
The Sacramento City Council has approved a five-year pilot program allowing cannabis consumption lounges at licensed marijuana retailers. The council voted Tuesday to authorize the program, which is expected to begin accepting applications next month. The approval comes as cities across the country continue to take uneven approaches to marijuana consumption lounges, with some jurisdictions …
Jersey City Council Advances Ordinance to Use Cannabis Tax Revenue to Help Fix Budget Deficit
The Jersey City Council has voted to advance an ordinance that would redirect more than $1 million in cannabis tax revenue to the city’s general operating budget as officials look for ways to address a sizable budget shortfall. The ordinance, introduced by At-Large Councilmember Rolando Lavarro, was approved unanimously on first reading by a 9 …
Campaign Launches to Oppose Massachusetts Initiative to Repeal Recreational Marijuana Sales
A new campaign has launched in Massachusetts to oppose a proposed ballot initiative that would shut down the state’s regulated adult-use marijuana market. The Stop the Repeal campaign announced its launch Thursday, with supporters urging voters to reject the measure in November. The coalition includes people from the marijuana industry, public health, local government and …
