Apr 08 2025

Hawaii Senate Votes 24 to 1 to Expand Medical Marijuana Access

The Hawaii Senate has overwhelmingly approved legislation to expand medical marijuana access and impose stricter rules on unlicensed cannabis operations.

House Bill 302 passed the full Senate today in a 24 to 1 vote, following approval by the Senate Judiciary Committee and the Senate Ways and Means Committee earlier this week. The proposal now heads back to the House for concurrence on amendments before potentially moving to Governor Josh Green’s desk.

If signed into law, HB 302 would overhaul key components of the state’s medical marijuana program. Notably, it would allow physicians and advanced practice registered nurses to certify patients for any medical condition they believe warrants marijuana treatment—removing the state’s current list of qualifying conditions.
Continue reading

Apr 08 2025

Arizona: $24.2 Million in Marijuana Taxes Collected in March, $75 Million So Far in 2025, All-Time Revenue Passes $1 Billion

According to data released today by the Arizona Department of Revenue, the state collected $24,202,343 in marijuana tax revenue in March, bringing the year’s total to over $75 million.

March’s revenue includes $4,076,644 from the state’s transaction privilege tax, which applies to both medical and adult-use marijuana sales, and $14,923,681 from the 16% excise tax levied specifically on recreational purchases. The remaining revenue comes from additional local taxes and fees.

March’s marijuana tax total is nearly identical to the $24,308,528 collected in March 2024, and is a modest increase over the $23,460,212 made in March 2023.
Continue reading

Apr 08 2025

New York Bill Would Ban Marijuana Retail Stores and Consumption Lounges Within 500 Feet of Parks, Daycares and Playgrounds

Senator Brad Hoylman-Sigal (D) has filed a bill in the New York Senate that would significantly expand the list of locations where marijuana retailers and on-site consumption lounges are prohibited from operating.

Senate Bill 7275 was introduced today and referred to the Senate Committee on Investigations and Government Operations. If passed into law, it would make it illegal to open a marijuana retail store or on-site consumption site within 500 feet of a child day care center, public park or playground.

The bill would add these new location-based restrictions to current law, which already bars such facilities from being within 500 feet of school grounds or within 200 feet of a house of worship. SB 7275 would also broaden the definition of a house of worship to include religious use within mixed-use buildings, closing what the bill calls a “loophole” in the current statute.
Continue reading

Apr 08 2025

Tilray Brands Reports $186 Million in Q3 Revenue

Tilray Brands, Inc., a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries, today reported financial results for its third quarter ended February 28, 2025.

Tilray has confirmed that current tariffs are not having an impact on its operations. In the third quarter, the company generated net revenue of $186 million, or $193 million in constant currency, with strategic initiatives and SKU rationalization contributing to a $13 million revenue impact. Tilray Beverage expanded its U.S. distribution of hemp-derived THC drinks across 10 states and increased its Project 420 cost savings plan to $33 million.

On the cannabis side, the company improved gross margins by 800 basis points, maintained its position as the top performer in Canada by sales, and reported strong sales growth in Germany. Tilray also strengthened its balance sheet by reducing its convertible notes by $58 million and total debt by $71 million, ending the quarter with $248 million in available cash and marketable securities.
Continue reading

Apr 08 2025

Where All 50 U.S. Governors Stand on Cannabis Law Reform (as of April 2025)

As marijuana reform continues to advance nationwide, state governors play a critical role in shaping policy on legalization, decriminalization, medical access, and federal reform efforts.

From full support for legalization, to firm opposition to any type of reform, here’s where all 50 U.S. governors currently stand on cannabis law reform as of April 2025, based on their public statements, legislative actions, and voting records.
Continue reading

Apr 08 2025

New Mexico Governor Signs Medical Psilocybin Legalization Bill Into Law

New Mexico Governor Michelle Lujan Grisham today signed legislation into law that legalizes the medical use of psilocybin for certain behavioral health conditions.

Psilocybin mushroom.

The new law, Senate Bill 219—the Medical Psilocybin Act—was introduced by Senator Jeff Steinborn (D) and passed the House earlier this week in a 56 to 8 vote, after clearing the Senate 33 to 4.

Under the law, patients with conditions such as treatment-resistant depression, PTSD, substance use disorders, and end-of-life distress will be eligible for psilocybin-assisted therapy. It also removes psilocybin from the state’s Controlled Substances Act in order to provide legal protections for patients, clinicians, and producers.
Continue reading

Apr 08 2025

Legal Marijuana Market to Triple, Hitting $120 Billion by 2034, New Report Finds

A new report projects the global legal marijuana market will grow from $45 billion in 2024 to $120 billion by 2034, driven by expanding legalization and technological advancements.

The report, released today by Exactitude Consultancy, forecasts a compound annual growth rate (CAGR) of 10.4% over the next decade for the legal cannabis market.

According to the report, dried marijuana flower remains the most popular product type, but concentrates, edibles, oils, and topicals are gaining ground, especially as legal markets continue to mature and consumers experiment with additional methods of consumption.
Continue reading

Apr 07 2025

University of California San Diego Recruiting for Six Cannabis Studies on Pain, HIV, and Brain Function

The University of California, San Diego (UCSD) is currently recruiting participants for six clinical trials exploring the therapeutic potential of cannabis across various medical conditions.

These studies aim to deepen our understanding of cannabis’s effects on pain relief, HIV treatment, neuropathic pain, and complex regional pain syndrome (CRPS). Information on these six studies can be found below.

Continue reading

Apr 07 2025

Minneota Office of Cannabis Management Announces Approval of Cannabis Rules by Administrative Law Judge

Today, the Minnesota Office of Cannabis Management (OCM) announced that an administrative law judge has approved draft rules governing Minnesota’s adult-use cannabis market.

The rules, which the judge approved without changes, will be published in the State Register and go into effect later this month. This milestone sets up the final step in launching Minnesota’s cannabis market, allowing OCM to begin issuing business licenses to applicants who have completed all necessary steps in the application process.

“The adoption of rules is the most significant step to launching the cannabis market because the office cannot issue business licenses until they are in place,” said Interim Director Eric Taubel. “The judge’s approval of our proposed rules without changes shows that we did our work to engage with the prospective cannabis business community and put together a reasonable structure for ensuring consistency, safety, and equity in Minnesota’s cannabis industry.”
Continue reading

Apr 07 2025

Oregon Senate Committee Approves Bill to Allow Marijuana Businesses to Give Samples at Events and to Workers

The Oregon Senate Judiciary Committee today approved Senate Bill 558, a proposal to expand marijuana samples, advancing the proposal to the full Senate for consideration.

Introduced in January by State Senator Floyd Prozanski (D), the bill would expand how licensed marijuana businesses can distribute product samples. It would allow marijuana producers, processors, wholesalers, and retailers to provide samples at trade shows and temporary events registered with the Oregon Liquor and Cannabis Commission (OLCC), as well as to their own employees.

Under the bill, marijuana wholesalers could sell directly to retailers at industry events, streamlining business-to-business transactions. Licensed producers would also be allowed to give marijuana seeds and immature plants to their workers, while producers, wholesalers, and processors could provide limited samples of usable marijuana, concentrates, extracts, and packaged cannabinoid items to employees.
Continue reading