Federal Reform, 420 Insights, California's Tax Problem, Municipal Opt Outs, & More!
| Most Popular This Month | | | What's the State of Federal Cannabis Legalization and Reform? | | Rescheduling cannabis, the SAFER Banking Act, Florida’s potential for adult-use legalization, and the Farm Bill’s reauthorization represent focal points for the industry in 2024. And Cannabis Business Times’ readers continue to heavily engage with these topics as we round out April.
Leading our monthly list of top 10 articles was a roundup of all these storylines, as well as many others, in a piece published on April 20: “Federal Cannabis Legalization and Reform: Where Are We in 2024?” This article also touched on three federal cannabis legalization bills in play this Congress.
Speaking of April 20, the industry’s 4/20 holiday fell on Saturday this year, already one of the bigger sales days of the week for many cannabis retailers. The weekend landing also paved way for many anticipated celebrations, from consumption lounge parties to music festivals, comedy shows and a countdown in Times Square. A roundup of “4/20 Deals and Events” took the No. 2 spot in this month’s most-read articles.
Among other stories readers engaged with most this month included those on the 15% of California cannabis businesses in default on their taxes; an in-depth report on municipal op outs in states that have legalized adult-use cannabis; and Virginia’s anti-cannabis legalization governor’s veto of an adult-use sales bill nearly three years after the state enacted a law allowing adult possession and home grows. Catch Up on The Top 10 Stories From April |
No. 10: The Quest for 60% | | | Florida’s Adult-Use Cannabis Measure Will Land on 2024 Ballot | | The state’s Supreme Court approved the Trulieve-backed constitutional amendment despite opposition from Florida’s attorney general. More >>> |
No. 9: Holiday Insights | | | This Year’s 4/20 Poised to Be the Biggest Yet | | With the cannabis industry holiday falling on a Saturday and more adult-use markets online than ever before, analysts predict sales will soar above 2023’s strong performance. More >>> |
No. 8: Intoxicating or Not | | | US Cannabis Council Proposes Federal Prohibition for Hemp-Derived Products With THC | | The group’s executive director sent a letter to legislative leaders urging them to close loopholes that have created an unregulated, intoxicating hemp-derived product market. More >>> |
No. 7: A New Era | | | Wana Brands CEO Nancy Whiteman Stepping Down | | The co-founder of one of the most recognizable cannabis brands in the industry will serve as a member of the board of managers of Canopy USA. More >>> |
No. 6: Each Cultivar is Unique | | | Indica vs. Sativa: An Antiquated Adage | | Clarifying the definition of these classifications is just a start in how the industry can refine cannabis nomenclature. More >>> |
No. 5: Possession Only | | | Virginia Governor Vetoes Adult-Use Cannabis Sales Bill | | Republican Gov. Glenn Youngkin says ‘Cannabis is bad for Virginians’ and questions legalization’s impact on youth health and safety in veto message. More >>> |
No. 4: Legal But Not Always Accessible | | | 'State-Legal' Cannabis Is Not What It May Seem | | Cannabis sales are prohibited in nearly 50% of municipalities in states with adult-use programs, on average, and many states have no idea how many local governments have bans, adding to the industry’s vast challenges. More >>> |
No. 3: Behind on Taxes | | | 15% of California Cannabis Businesses Default on Taxes as 2025 Hike Comes Knocking | | With nearly a quarter-billion dollars of 2023 cannabis taxes in default, the state’s market could corrode further with an excise tax increase to 19%. More >>> |
No. 2: A Time to Celebrate | | | 4/20 Deals and Events: Times Square, Comedy Shows and Consumption Lounge Parties | | A roundup of some of the promotions cannabis companies have planned to celebrate the industry holiday, which falls on a Saturday this year. More >>> |
No. 1: Ongoing Possibilities | | | Federal Cannabis Legalization and Reform: Where Are We in 2024? | | U.S. cannabis reform hasn’t come easy amid a divided Congress, but plenty of opportunities remain on the table for the remainder of the year. More >>> |
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