Cannabis earnings season kicks off 💰

“What happens to all the grannies who have some kind of CBD with delta-8 in the back of their medicine cabinet?” Omaha Sen. Wendy DeBoer asked during a recent debate on a Nebraska bill that would ban hemp-derived THC products in the state. DeBoer added that the bill would “make felons of all the grannies” using hemp-based products for aching joints.

As Nebraska is still working on implementing the voter-approved legalization of medical cannabis, the state's legislature is also weighing a bill that would ban almost all hemp-derived intoxicants. The state has over 300 hemp shops that could be at risk, according to the owner of one who spoke to ABC News. 

Pennsylvania House approves legalization bill

Pennsylvania’s House approved a bill that would legalize cannabis for adults over the age of 21 and sell it through state-run stores. The bill was introduced on Monday. The bill will now go to the Republican-majority Senate, where it is expected to face steep opposition. Read our newsletter yesterday for more on the bill. 

Delaware can finally check fingerprints 🕵️

Months after Delaware was supposed to have issued licenses for its legal cannabis market, the state can finally move forward. After quickly amending the state regulations to be more specific, the FBI has granted the state with an access code to its fingerprinting database. This will allow the Office of the Mariuana Commissioner to complete background checks on the first batch of license applicants. 

Oregon not sure if its $46 million anti-cannabis fund works 🤷

Oregon's Illegal Marijuana Market Enforcement Grant has spent $46 million combatting illicit cannabis in the state. Regulators say that as long as they are unable to assess the actual size of the illicit market, they also cannot say if the enforcement grant has any impact. 

Nevada bill would allow foster parents with cannabis convictions 👶

The Nevada legislature is currently considering Assembly Bill 107, which would remove past cannabis convictions as an automatic disqualifier for the state's foster parent system. Despite legalizing cannabis in 2017, the state system has had to turn away about 10 families a year for prior cannabis convictions, according to a Clark County lobbyist that spoke to Nevada Current. 

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TerrAscend to acquire fourth New Jersey dispensary 🛍️

TerrAscend signed an agreement to acquire Union Chill Cannabis Company, which is a small operator in New Jersey. The company's sole dispensary generates $11 million in annualized revenue, according to the press release. TerrAscend plans to make additional expansions in the New Jersey market before the end of the year. 

Red White & Bloom completes debt restructuring, delays disclosures ⌚

The Canada-based cannabis company announced that it completed a $145 million (CAD) debt restructuring. Debt management aside, the company also announced that its year-end audit had been delayed, resulting in the release of the first quarter financial report being pushed back to May 30. At the same time the British Columbia Securities Commission has granted a Management Cease Trade Order until Red White & Bloom is able to file their financial report. 

Rove launches in Washington 💨

California-based Rove began selling its branded vapes in Washington, making it the 14th state to carry Rove's products. 

Cannabis earnings season kicks off today. 

Big companies like Trulieve, Green Thumb Industries, and Curaleaf will report their results. We’ll get a better look at their first-quarter financial situation and how they’re thinking about federal regulation under Trump. 

Here’s the calendar:

• Trulieve — Today 8:30 AM

• Green Thumb Industries — Today 5 PM

• Cannabist — Thursday 8 AM

• Cronos Group — Thursday 8:30 AM

• Verano Holdings — Thursday 8:30 AM

• TerrAscend — Thursday 5 PM

• Curaleaf — Thursday 5 PM

• Cresco Labs — Friday 8:30 AM

Is Hemp too big to ban in Texas? | Forbes

Trump Administration's DOGE Cancels University's Contract to Monitor Marijuana Potency | Marijuana Moment