AGP Executive Report
Last update: an hour agoFederal Hemp Rules: A federal crackdown on hemp-derived THC products is delayed until Dec. 11, but the tighter definition could force CBD and THC products off shelves and reshape a fast-growing market. Local Market Moves: Santa Barbara County reported a $500,000 late-year boost in cannabis revenue, bringing 2025–26 receipts to $5.8 million. Virginia Beach is gathering input on retail cannabis zoning ahead of Virginia’s planned July launch, while Willows voters will decide whether to tax cannabis businesses up to 10% of gross sales. CBD Expansion: MediPharm Labs shipped its first CBD metered-dose inhalers to Panama, extending its international medical cannabis reach. Regulatory Tensions: Oklahoma lawmakers heard calls for more time before adding medical cannabis rules, amid patient concerns about testing and product safety.Meanwhile, the federal marijuana rescheduling process remains paused as the DEA reviews a new report, adding uncertainty for businesses.
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