Image credit: Governor Gavin Newsom

California: Governor Gavin Newsom’s Budget Allocates Half a Billion in Cannabis Tax Revenue

Two groundbreaking programs—OCal and appellations—set to launch this year, were delayed by COVID-19. While the budget consolidates cannabis licensing under a new entity, OCal will remain under agriculture and appellations will remain with ag and health.

California
New York

New York’s Cannabis Equity Fund Recalibrates: “The Markets Have Changed” 

Cannabis regulators met on Tuesday for the second time in May to also approve emergency enforcement rules and a settlement related to a lawsuit that blocked licensing in parts of the state.

Regulation

As FDA Looks to Congress for CBD Regs, it Elaborates on Potential Paths Forward 

On Thursday, the FDA pushed its desire to work with Congress on cannabinoid product rules, including delta-8 THC.