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California Senate Passes Bill To Delay Marijuana Tax Hike That Already Cleared Assembly In Earlier Form

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8 months ago

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The California Senate has accepted an invoice for the assembly Place the tax hike about this new pause in marijuana products.

The Senate’s pouring committee cleaned the Commission for a week after Matt Haney (d) cleaned the legislation from the Assembly, the whole chamber passed on Wednesday.

Because it was changed, the measure must return to the meeting before sending the governor’s table.

If it is suspended in law, the invoice would interrupt the tax rise for five years. Legislators have until September 12 before the end of the session, and the governor will take measures to its table until October 12.

Christopher Cabaldon (D) said the voting of the Senate that the legalization of the California voters had several goals, including “extinguishing the ilient market” and “environmental social and educational programs” with income income.

“This deal is fraying, because the market collapses,” he said. “Today, California’s legal businesses catch up to 40 percent of the cannabis market. There are six seventy of illegal market, consumer or non-environmental protection.”

“California is losing other states,” Cabaldon said. “Michigan, Oregon and others have much more income and many better work is being done to stop illegal sales. And so there is no tax to rise to 25 percent.”

Jerry McNerney (d) Husbands added “We want to control and reduce the illegal market”.

“The growth of taxes will be the opposite effect,” he said. “People will lead to the illegal black market in cannabis, it’s a bad result.”

A correction taken in the stops of the Senate panel, so the effective date would be in October than immediately. The tax hike ride herself in the last month.

In June, the tax rate of the cannabis rose by 15 percent from July 1, and the advocates would change the budget legislation that would reflect the standalone bill in Hanyy. That was not fruit.

Haney’s measurements passage the budget bill gov. The Gavin Newsom (d) support had a tax freezing tax on the trailer. Assembly speaker Robert Rivas (D) also protected the delay, but Mike McGuire (d) Senate President has blocked From the budget legislation.

Under the Bill of Haney, What advanced through the assembly in JuneThe delayed implementation would not be in force until October. The advocates wanted to see recently, they wanted to see what has been included in the legislation in the legislation, which would affect it.

Before you submission to the Senate Endowing Tax, so until two years, the regulators would adapt the tax rate “, in accordance with non-uninterestaneous tools, it is not exceeded by 19 per cent,” according to a summary. “

The appropriate committee, however, would be to summarize the period of 15% of the tax rate and request the report, “according to the chair. It is not clear what the new timeline would be, however, the revised bill text is not yet available.

Haney’s proposal therefore, therefore, the California tax rate (CDTFA), can adjust the cannabis or cannabis tax rate “, the amount of income that will generate the amount of income by departmental estimators. Fiscal year” text He says.

The department should calculate the amount of income that would meet in the previous year in the previous year “and” calculate this amount by projecting tools based on the work that would meet in the previous calendar work in the previous year.

“The exact goal of the reduction in the tax rate of Kannabis is to provide immediate tax relief to the cannabis industry,” said the measurements. “The effectiveness of this goal can be measured according to the legislature, for the income income of cannabis tax revenue, allowed to reduce the tax rate of cannabis.”

CDTFA, on December 1, 2026, also promises California “Send to the Report to Legislature … CANNABISA Tax revenue income income amounts or loss amounts to reduce the tax rate permitted by this action.”

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The Senate’s Endowing Committee last week, also passed by unanimously legislation Kalamu-derived cannabinoid products to integrate the use of medical and adults in the marijuana program to ban cannabinoids derived synthetically. The tables “to delete tax provisions, reviewing and modifying specifications, to review and change the conditions and prohibitions on cannabinoids derived from hemp and hemp,” according to the Chair of the Commission.

He accepted the panel measure To change the law of State Cannabis, cannabis microbusinesses, licensing products directly to patients directly with corrections.

Meanwhile, California officials invite research proposals in the second round of a program Better educate the public on the state marijuana law And politicians help make informed decisions on the subject.

In June, the Governor’s Business and Economic Development Office (Go-Biz) An announced receivers of more than $ 52 million in Community reinvestment support He also financed the non-profit and local health department, Marijuana tax tickets.

This marked Cannabis’s seventh round of Construction Community Conversation (CalCRG) Under the state program.

Legitiation in California has created a number of new grant programs to address the consequences of marijuana prohibition and try to feed the strong and well regulated legal industry.

The Supreme Court of California distinguished the victory for the state marijuana program In June, recovering a smaller quantity judgment, in a case, in a case, he suggested the federal ban, could be used locally to weaken the cannabis market.

The Court of the Supreme Court also arrived in California officials a State Marijuana’s current status and future report-En independent analysts contracted by regulators concluded the Federal Prohibition of Canavies, a federal ban that prevents global trade.

The governor signed an invoice in 2022 Invented to enter the commercial agreements of power of power With other legal states, but this power was on a federal orientation or such an activity was in the evaluation of the State lawyer.

Meanwhile, the California Senate Committee was recently advancing a Bipartisan invoice Psilocybin created a pilot program to military veterans and first answers first.

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Third cannabis business approved by Jefferson Town Council

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20 hours ago

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May 15, 2026

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The Jefferson City Council unanimously approved “Green Leevs” as the city’s first cannabis micro-farm at its May 6 meeting. This is the third cannabis business approved by the municipality in order to bring income to the municipality. Retail dispensaries “Greenlight Apothecary” and “Gas and Grass” were previously approved.

Green Leevs are owned by Bill Comeford, Elliot McClendon and Josh Moskowitz. All three are from the local area, Comeford grew up in Jefferson. In New Jersey, a micro-enterprise is a facility with 2,500 square feet of growing space. A micro-farm relies on the craftsmanship of cannabis rather than mass production.

“We have more control, we have more hands, the smaller grow rooms make it easier to inspect each plant,” Comeford said. “If you’re careful, it makes for a better product at the end of the day.”

Green Leeves understands that there are mixed feelings about the Council’s approval of the cannabis industry and hopes that this will ease over time.

Read more at Press Jefferson










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Virginia Governor Signs Marijuana Resentencing Bill After Lawmakers Rejected Her Amendments

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20 hours ago

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May 15, 2026

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Virginia’s governor has signed legislation to grant sentence relief to people with past marijuana convictions, even as lawmakers have refused to accept proposed amendments to the legislation that would significantly narrow the scope of reform.

Gov. Abigail Spanberger (D) gave final approval to the bills, Rozia Henson Jr.’s HB 26 (D) and Senate President Pro Tem Louise Lucas’ SB 62 (D), on Thursday.

Separately, lawmakers and advocates are waiting the governor’s action on separate legislation to legalize the sale of recreational marijuana after amendments to his proposal were similarly rejected by the House and Senate last month. The changes suggested in that legislation included delaying the start of sales by six months, increasing taxes and introducing new criminal penalties for cannabis users.

Retrial reform, on the other hand, creates a process by which people incarcerated or on community custody for certain crimes involving the possession, manufacture, sale or distribution of marijuana will consider changing their sentences to receive an automatic trial.

Spanberger sent proposed amendments to lawmakers last month They had to proactively submit requests for assistance to affected people instead of the courts proceeding automatically. The Senate and House of Representatives, however, rejected the proposal, effectively rejecting it and sending the original legislation to Spanberger’s desk.

Henson, the sponsor of the House version of the bill, said it was ready to accept the governor’s changes, even if he is concerned this would mean that some people with cannabis convictions would fall through the cracks because they “didn’t have a lawyer or didn’t know how to ask.”

The whole parliament did not agree with the change, however, and now HB 26 and SB 62 The laws that were originally approved have been implemented.

The relief will apply to people with convictions or convictions for conduct that occurred before July 1, 2021, when a state law that legalized personal possession and home cultivation of marijuana went into effect. State and local corrections officials should identify and notify eligible individuals of their rights to provide notice of relief and then work with courts to automatically schedule hearings.

Henson said last month that the resentencing legislation was “built for people who are still paying the price for something that Virginia has made legal.”

“If the commonwealth were to change the law, it still has the duty to review the consequences of the people punished according to the old one,” he said.

The governor’s office said in a press release when he proposed his amendments that they “clarify that there will be no tolerance for violent crimes in Virginia, from armed robbery to possession of firearms to distribute fentanyl, heroin and other dangerous drugs.”

But Henson said he shares the “governor’s commitment” to making sure violent offenders are not eligible for this relief; and that commitment is reflected in the bill itself, which excluded people convicted of violent acts under Virginia law.

Spanberger’s release last month made no mention of the actual major changes to the bill, which was the removal of automatic leniency provisions for people with cannabis convictions.

The governor’s amendment also proposed removing the deadline for court filings on the retrial.

In the previous session, members of parliament approved similar legislation, but the then government vetoed it. Glenn Young (R).

Separately, Spanberger signed several other reform bills last month, including measures protecting the parental rights of marijuana users and giving patients access to medical cannabis in hospitals.

Cannabis policy reform organizations, on the other hand, sent a letter earlier this month asking the governor to enact the adult-use marijuana sales bill.

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Cannabis operators report mixed results as rescheduling reshapes the financial outlook

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2 days ago

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May 14, 2026

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The rescheduling came mid-quarter and rewrote the tax math for each medical sales operator, but the underlying revenue picture remained uneven in early 2026, with acquisitions driven at one end of the scale and continued top-line compression at the other.

Vireo Growth: Back on $106 million deal
Vireo Growth Inc. reported Q1 GAAP revenue of $106.2 million, up 333.5% year-over-year, driven almost entirely by recent acquisitions rather than organic growth. The company completed the Schwazze acquisition in March, adding 45 dispensaries and two manufacturing facilities in Colorado and New Mexico. At the end of the quarter, it closed Eaze and Hawthorne Gardening, FLUENT Corp. announced an acquisition agreement and executed a California dispensary joint venture with Glass House Brands. Treating all acquisitions as closed on January 1, 2025 on a pro forma basis, revenue was $210.2 million and adjusted EBITDA was $42.2 million. The company ended the quarter with $137.8 million in cash.

John Mazarakis, CEO of Vireo, said: “Performance in the first quarter met our expectations and we are excited to welcome Schwazze, Eaze and Hawthorne to Vireo. We are focused on integration and optimization across the platform, while remaining opportunistic regarding growth opportunities associated with further acquisitions.”

Cresco Labs: $151 million, 280E relief and Texas license
Cresco Labs reported Q1 revenue of $151 million, down from $165.8 million in Q1 2025. Adjusted gross margin was 50.7% and adjusted EBITDA margin of $33 million was 21.7%. Cash at the end of the quarter was $67 million against a $310 million secured term loan. The company was conditionally granted a Texas Compassionate Use Program license after the quarter ended and opened two new dispensaries in Ohio.

Management said, “Moving the state’s legal medical cannabis from Schedule I to Schedule III is the most impactful reform this industry has seen, and it validates the work we’ve been executing for years. We’ve built the operational foundation and balance sheet discipline to reap the immediate benefits of rescheduling, and position Cresco to take advantage of the broader path to normalization.”

Jushi Holdings: 4% growth, 460 basis point margin expansion
Jushi Holdings reported first-quarter revenue of $66.4 million, up 4% year-over-year, with gross profit margin up 460 basis points to 45%. Adjusted EBITDA was $11.4 million, up 17.2%. The margin improvement was driven by higher production volumes in Ohio, Massachusetts and Pennsylvania and the performance of grower processors. Jushi brand products accounted for 58% of retail revenue in vertical markets. The company refinanced $132.3 million in debt during the quarter, providing $160 million in new debt through 2029.

Jim Cacioppo, president and CEO, said: “The recent scheduling of state-licensed medical marijuana for Schedule III is an important milestone for the industry, eliminating 280E tax limitations for medical operations and supporting a more favorable long-term operating environment.” Medical sales accounted for about 60% of Jushi’s 2025 revenue, making this material relief.

iAnthus Capital: Revenue falls to $33.5 million
iAnthus Capital reported first-quarter revenue of $33.5 million, down $4.6 million from 2025’s first quarter. Gross margin was 47.5%, up 477 basis points from the 2025 quarter. The company did not provide a management comment in the press release.

Country farms: international export record, fourth consecutive quarter of net income
Village Farms International reported first quarter consolidated net sales of $50.2 million, up 27% year-over-year, with net income of $2.9 million and adjusted EBITDA of $9.9 million, up 118% year-over-year. International export sales increased 171% to a record $14.6 million, driven by demand for EU-GMP compliant products in Germany. Pure Sunfarms had the top Canadian market share in dried flowers for the 15th consecutive month. The company started planting the first half of its Delta 2 greenhouse expansion and expects its Phase II facility in the Netherlands to reach full capacity by the end of 2026, which would quadruple Dutch production.

Michael DeGiglio, President and CEO, said: “Our first quarter results reflect a strong start to the year and continued momentum in our largest markets, with adjusted EBITDA growth of 118% year-over-year, significantly outpacing revenue growth of 27%, driven by our international business and continued leadership in Canada.

Cronos Group: Record revenue, $822 million in cash
Cronos Group reported Q1 net income of $45.2 million, up 40% year-over-year and a record quarter, with net income of $15.7 million and adjusted EBITDA of $5.1 million. Israel led growth PEACE NATURALS grew 53% for ninth consecutive record quarter. In Canada, the Spinach brand took first place in vapes with a 9.8% share of the national market, and maintained its top spot in edibles at 20.8%. The company ended the quarter with $821.9 million in cash and authorized a new $50 million stock repurchase program. The deadline to close the acquisition of CanAdelaar, one of the ten licensed growers in the Dutch Controlled Cannabis Supply Chain Experiment, has been extended to September 9, 2026 to allow time for regulatory approvals.

Mike Gorenstein, chairman, president and CEO, said, “Cronos achieved net earnings and gross profit in the first quarter as we continue to execute against our unlimited product strategy and the additional supply from Cronos GrowCo’s expansion fuels the next phase of our growth.”

Org chart: Revenue down 9%, Sanity Group acquisition closes after quarter
Organigram Global reported fiscal second quarter net income of $59.8 million, down 9% year-over-year, with adjusted EBITDA of $0.9 million, down 82%. Lower vape and pre-infusion sales drove the decline, along with a $5.8 billion dent in the U.S. hemp business. The company achieved a record quarterly harvest of over 32,000kg at its Moncton facility, up 56% year-on-year, and launched 10 SKUs in Australia targeting over 4,000 pharmacies. At the end of the quarter, Organigram acquired Sanity Group, one of Germany’s leading cannabis companies, and updated its 2026 guidance to net revenue of more than $350 million.

James Yamanaka, CEO, said: “Q2 reflected our poor performance in vaporizers and temporary challenges in pre-infusion production, compounded by slower industry growth. We have acted quickly to address these issues, and the operational changes and product improvements we have implemented are already beginning to stabilize performance.”

Greg Guyatt, Chief Financial Officer, said: “The financial impact of the competitive and operational challenges encountered earlier in fiscal 2026 is believed to have materialized in the first half of the year, and we are now beginning to stabilize performance. We expect to resume a trajectory of margin expansion and improved profitability during the second half of the year, supported by positive revenue and international sales growth. The Sanity Group.”

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