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- Texas hemp ban, "This is stupid"
Texas hemp ban, "This is stupid"
Plus, US cannabis license numbers stay flat
Good morning.
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Have a great weekend, and let’s get to it.
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👀 In case you missed it
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📣 Quotable
“This is stupid,” former National Rifle Association spokesperson Dana Loesch said on X about the Texas hemp ban.
“It's like the gun ban argument with a different variable. Kids aren't buying it anymore than any other controlled product (alcohol, cigarettes, et al) and if they are, do your job as a parent and parent instead of idiotically expanding government.”
The Texas Tribune has more on the Republican backlash to Lt. Gov. Dan Patrick’s bill that would ban consumable hemp products in the state.
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⏩ Quick hits
U.S. cannabis licensing remained level in Q1 📉
After two quarters of decline, the total number of cannabis licenses in the United States stabilized in the first three months of 2025, according to data from CRB Monitor. While it appears that the market was able to stop the bleeding from 2024, pre-approvals dropped indicating tougher quarters ahead. MJBizDaily has more analysis.
Vermont cultivators unhappy with new state bill 😡
Vermont Governor Phil Scott signed H. 321 on Wednesday which slightly alters cannabis regulations in the state, but Vermont's craft growers who are struggling say the bill failed to deliver on allowing direct sales to consumers, lowering license fees or the creation of special event permits. Seven Days has more.
NJ Senate Committee approves more medical cannabis locations 🛍️
The Senate Judiciary Committee advanced legislation that would allow medical license holders to open two additional satellite locations. The state originally allowed locations per medical license in the state prior to 2019, but many of those extra dispensaries have since been sold to larger multi-state organizations, according to Heady NJ.
🚀 Deals, launches, partnerships
Canadian pharmaceutical company wins against upstart shareholders 🔊
MediPharm, which specializes in cannabinoid pharmaceuticals, is preparing for its upcoming shareholder meeting in which investors Apollo Technology Capital Corp. and Nobul Technologies have presented a slate of new members to take over the board. The upstart shareholders sued in Ontario superior court, seeking an independent third-party to oversee the shareholder vote, but those claims were dismissed after the court found no evidence of unfair conduct from MediPharm's proposed meeting chair.
4Front files for bankruptcy in Canada 📂
The multi-state cannabis company made its impending demise official after it filed for receivership in the United States in May. The company failed to file its first-quarter earnings report. Under receivership, the company plans to liquidate its assets in Washington, Illinois and Massachusetts.
🧪 Science & research
Study shows different cannabis preferences between demos 💨
A study from Kaiser Permanente, the University of California and the University of Hawaii identified several differences between demographics and how they like their cannabis. For example, white participants were more likely to hold medical cards and exclusively shop at medical dispensaries, while Native Hawaiians preferred smoking cannabis and used tobacco. The study shows that there is more work to be done in identifying demographic-specific behaviors related to cannabis use.
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