AGP Executive Report
Last update: 14 minutes agoFederal Hemp Rules: A November 12 shift to a stricter total-THC standard puts the $28 billion hemp-derived THC market at risk, forcing brands to rethink products and sales. Lillie&Lee is positioning for the change with a THC-free CBD isolate for dogs. State Policy: Massachusetts’ Question 8 would repeal recreational cannabis legalization; the industry has generated $10 billion in gross sales, while repeal supporters have drawn millions largely from anti-cannabis group Smart Approaches to Marijuana. The state’s Cannabis Control Commission is marking the market’s 10th year and nearly $2 billion in tax revenue. Company Results: Tilray reported record quarterly revenue and gross profit, led by beverages and pharmaceutical distribution, even as cannabis sales shrank. Patient Access: New Jersey signed legislation to reform its medical cannabis program and expand patient access.
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