Recent news and analysis on Cannabis Industry

Cannabis industry news covering legalization, dispensaries, MSOs, regulation, and cannabis business finance.

• Scott Chipman: "Legalizing pot didn't kill the black market, it created a marketing department for it"

  The commentary argues that marijuana legalization has failed to eliminate the black market, instead creating a legal industry that markets cannabis and drives demand while illegal dealers undercut prices. It contends that legalization has not reduced use but has increased it, citing declining legal sales in California alongside rising overall consumption.

• Hemp industry seeks Congress to delay looming intoxicants ban

  The intoxicating hemp industry is lobbying Congress to delay or stop a ban on hemp-derived intoxicants set for November. Sen. Ted Cruz said a solution likely won't come until Sen. Mitch McConnell retires at year's end, while Rep. Andy Barr is seen as more favorable to the industry.