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 pre-election edition of the buzz, highlights include:
Election preview: how control of the Senate and House may affect cannabis policy reform; upcoming state ballot measures in Florida, North Dakota, and South Dakota on cannabis, and medical use in Nebraska and Arkansas –
Federal updates: AICPA open letter to Treasury and IRS seeking guidance, particularly on 280E, in advance of rescheduling; two hemp-related bills filed in Congress to create consumer guardrails for hemp products –
Cannabis license lotteries open up in Delaware and Kentucky and close down in Vermont; New York issues a few new vertically integrated licenses –
California, Colorado, Massachusetts, and Washington issued new cannabis rules –
A proposed bipartisan cannabis legalization bill may run out of time in Pennsylvania, where the legislature did approve a measure allowing medical dispensaries to obtain state-level tax deductions –
States continue to grapple with regulating and enforcing laws for hemp-derived products litigation
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