Cannabis News
Cresco Labs gets Texas license
Cresco Labs has obtained a Texas Compassionate Use Program License. It is a vertically integrated license that allows Cresco Labs to cultivate, process and distribute medical cannabis.
“Texas patients deserve access to consistent, quality medicine, and we’re excited. Our track record in medical markets reflects our ability to build strong programs that put patients and communities first,” said Charlie Bachtell, CEO of Cresco Labs. “Winning a license in Texas through a merit-based application demonstrates Cresco Labs’ deep regulatory expertise and thoughtful approach to meaningful local engagement. Organic licenses enable capital-efficient market entry, and our cash flow and balance sheet give us the financial flexibility to invest in and grow our scaled platform for the long term.”
This license advances Cresco Labs’ state-by-state growth strategy and ensures access to one of the largest patient populations in the United States. Texas is the nation’s second most populous state, approaching 30 million people, and continues to see ongoing legislative efforts to improve patient access and expand eligibility.
Cannabis News
Missouri Lawmakers Pass Bill To Ban Intoxicating Hemp THC Products, Sending It To Governor
Germany imported 2025 tons of medical cannabis. Part of that volume came from a Portuguese processor whose license had been revoked, which was unloaded below cost as it was reinstated. The episode sparked attention, and consequences followed. PTMC’s Joao Duarte believes that most of these conclusions are wrong. “Eight tons is not even 5% of what Germany consumes per year,” he says. “For that to result in price dumping, the math just doesn’t work.”
Structural price pressure
According to him, the price pressure in Portugal is mainly structural. “The more countries that get into production and start exporting, the lower the prices will be. Today, Colombia is exporting, Costa Rica is exporting, and Brazil, with the scale it can bring to outside cultivation, is not far behind. Canada has been the main volume supplier to markets in Germany, Australia, Israel and the UK due to the strength of low-priced flowers from European producers. Again, and fast.” It draws a direct line with what happened in the CBD market in previous years, when prices were compressed as supply expanded and operators without cost or quality advantages found themselves without a market. Medical flower THC, he says, is following the same logic over a longer timeline.
To lift the burden of this price pressure, the answer obviously lies in the right regulations and policies. These should be based on the principles of providing high quality medicines to patients. To achieve this, the flowers must reach the consumers shortly after they are picked. As simple as it sounds, proximity is Portugal’s real advantage. “The fresher the flower is when it reaches the patient, the better the quality,” he says. “Only proximity gives that.”
© Henner Damke | Dreamstime
A turning point
As for the regulatory issue, Joao points to Portugal’s eight-year history of medical cannabis as a distinguishing feature, following last year’s police raids. Organizations that have long been involved in the licensing and enforcement framework have developed standards and experience in applying them. “Our GMP standards are real,” he says. “They are not a number on a certificate.”
The damage to the reputation of these raids, in his opinion, is exaggerated. “There is always a scandal in the industry,” he said. “That doesn’t necessarily mean it’s over, that a country’s economic sector has been kicked out. Canada, the largest exporter of cannabis, is the clearest example of that. Everyone remembers the CannTrust scandal in 2019, which made international headlines. That didn’t kill the Canadian industry until it became them, the regulatory system moved in their work. It looks like.”
EU-GMP clearance
One important area is EU GMP clearance, the practice of converting imported flowers through a European facility to obtain certification that the original material would not otherwise carry. “We would have more value growing the flowers than doing the conversion,” he says. For Portuguese producers, the practice reduces the premium that EU GMP certification must entail and makes it more difficult to distinguish domestically grown product from processed imports at the point of sale.
To each his own
Joao does not believe that other European countries can take Portugal’s place in the old continent’s cannabis industry. “This is simply because it’s not one thing for a country to be active in one sector and then push out another. It’s an open market, everyone participates at different levels.” As a neighbor, Joao cites Spain as an example. The country currently has less than ten licensed producers and has yet to build the export infrastructure or regulatory track required by the markets. “I don’t see Spain coming and taking over,” he says. “Both Spain and Portugal will take market share. Operators with established contracts will continue to move product. After that, it’s about quality and price.”
Denmark, he says, is an immediate competitive variable, producing significant quantities and moving into European markets with momentum. Portugal is currently among the top three to five exporters to Germany and has established positions in Australia, Israel and the United Kingdom. “This reflects accumulated capacity rather than regulatory time, and it’s not something that goes away because a processor loses its license,” he says.
A common European pricing policy, along the lines of the state-controlled model in France, is a mechanism that the industry should collectively push for. Without this, individual producers are left to absorb the cost pressures of suppliers operating on a scale that European policy has no current framework for. “We should aim to have good flowers,” he says. “We must not aim to demolish Portugal.”
For more information:
PTMC
ptmc.pt
Cannabis News
Hawaii Senators Push Congress To Federally Legalize Marijuana And Clear Past Convictions
Hawaii’s senators have passed a pair of resolutions urging Congress to federally legalize marijuana, support the state’s efforts to clean up people’s criminal records and take steps to make it easier for cannabis companies to access banking services.
“Even though states have made significant policy changes regarding cannabis, the federal Controlled Substances Act still classifies cannabis as a Schedule I substance,” the measures advanced Thursday by the Senate Judiciary Committee said in a 5-0 vote, “which means that medicinal cannabis dispensaries and other cannabis-related businesses remain subject to federal charges of forfeiture, arrest, detention and other prosecutions.”
legal the recreational cannabis industry could generate over $1 billion in Hawaii by its fifth year, according to a recent state study, the resolutions indicate.
The state’s current medical marijuana businesses are “hampered by their inability to access the full spectrum of private banking services under federal law,” the measure, sponsored by Sen. Joy San Buenaventura (D), says, adding that “arrests and convictions for possession of cannabis remain on record and often affect a person’s ability to obtain housing and employment.”
(1) remove cannabis from the federal Controlled Substances Act;
(2) Assisting states in the process of clearing the criminal records of cannabis defendants; and
(3) Facilitating access to the full spectrum of banking services for cannabis-related businesses.
The included legislation stated that alcohol and tobacco are not included in the Controlled Substances Act, “even though the regular use of these substances often leads to physical injury, psychological and social harm, the emergence of chronic and fatal diseases, and other negative effects on individuals and public health.”
But the panel removed that language, with Sen. Karl Rhoads (D), the committee’s chairman, saying arguments about other substances are “irrelevant” to marijuana rulings.
If passed by the Legislature, the resolutions will be sent to President Donald Trump and Vice President JD Vance, as well as the Democratic and Republican leaders of the US House of Representatives and Senate, and each member of Hawaii’s congressional delegation.
Earlier this week, the Senate Health and Human Services Committee passed separate resolutions asking the state attorney general and the health department to request a waiver from the Drug Enforcement Administration (DEA). Hawaii is allowed to run its cannabis program without federal interference.
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It’s Marijuana Time tracking hundreds of cannabis, psychedelic and drug policy bills in state legislatures and Congress this year. Patreon supporters by pledging at least $25/month, you’ll get access to our interactive maps, charts, and audio calendars so you never miss a development.
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Even the Hawaii senator recently passed a bill to legalize low-dose, low-potency marijuanathe legislation didn’t progress through the necessary steps before a crucial deadline, so it’s dead for the year.
A separate marijuana legalization bill, SB 2421, that contained provisions under federal reform law or amendments to the state Constitution, was delayed for action. The Senate and House panels also delayed action on a measure to sell certain hemp-derived cannabinoid products.
These actions follow Senior lawmakers in the House indicated that proposals to legalize cannabis would not move forward In the 2026 session, citing the lack of sufficient support in their chamber.
Last month, a Hawaii Senate committee separately approved legislation to allow patients immediately enter medical cannabis after submitting their recordsinstead of waiting for the cards to be delivered, as is the case under current legislation.
Meanwhile, a Hawaii House committee approved the Senate-passed bill last week creating a psychedelic task force responsible for analyzing and making policy recommendations about providing access to breakthrough therapies like psilocybin and MDMA.
Legislation allow eligible patients to access medical marijuana in healthcare facilities this session is also progressing.
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