420 with CNW — Virginia Lawmakers Send Marijuana Sales Bill to Governor

Virginia is on the verge of establishing a legal marketplace for recreational cannabis, five years after lawmakers permitted possession but stopped short of creating a system for sales. The General Assembly approved legislation that would set up a regulated retail structure, resolving a long-running gap in state policy.

The state Senate signed off on a negotiated version of HB 642 late Friday, passing it with a 21 to 18 vote. A day later, on the last day of the 2026 legislative session, the House of Delegates backed the measure 64 to 32. The bill now awaits action from Governor Abigail Spanberger. If approved, it would allow adults aged 21 and older to purchase marijuana legally starting January 1, 2027.

The decision marks a turning point after repeated setbacks. In 2021, Virginia legalized possession of up to one ounce of marijuana and allowed limited home cultivation. However, efforts to establish retail sales stalled, largely due to vetoes from former Governor Glenn Youngkin.

The newly passed legislation establishes licensing rules, taxation policies, and regulatory oversight under the state Cannabis Control Authority.

Lawmakers spent months negotiating differences between House and Senate proposals. One major point of contention involved the timeline for launching sales. While the House initially pushed for a November 2026 start date, the final agreement aligns with the Senate’s later target of January 2027.

The bill imposes a 6% tax on cannabis sales and permits local governments to add a levy of 1% to 3.5%. When combined with existing sales taxes, the total rate is expected to fall between roughly 12% and 16%.

Medical cannabis businesses would be allowed to transition into the recreational market by paying a $10 million fee. The legislation also limits the number of retail licenses to 350 and increases the legal possession cap to 2.5 ounces.

Businesses seeking to operate in the cannabis sector must secure licenses and display official authorization markers. Regulators will oversee compliance, collect taxes, and track distribution. License holders will have up to two years to begin operations or risk forfeiture.

The bill also includes measures aimed at addressing past inequities tied to marijuana enforcement. It introduces funding for community reinvestment and support for small business participation. A portion of tax revenue will go toward early childhood education and programs designed to assist communities disproportionately affected by past drug policies.

Supporters argue that the legislation could bring both economic growth and a more equitable framework to the state’s cannabis industry. The wider marijuana movement, including firms like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), will be glad that a system to provide legal sources of adult-use marijuana is finally going to be launched in Virginia after so many years of being in limbo.

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — More Chaos for Marijuana Operators as Trump Changes Tariff Policy Again

The legal marijuana sector has long operated under a patchwork of rules and shifting policies. Now, a new round of trade measures under President Donald Trump is adding fresh strain to an already complex marketplace.

From vaporizer components to grow equipment and packaging materials, businesses say the latest tariffs are making it harder to forecast costs and manage supply chains. Some companies have shifted production away from countries facing steep import duties. Others are holding off on major changes, unsure what the next policy move will bring.

The White House has leaned on the 1977 IEEPA to raise import taxes. Although the Supreme Court recently invalidated tariffs announced in April last year, the administration responded with a new 10% global duty that took effect last week. Trump has indicated that the rate could climb to 15%.

The 10% levy sits on top of another 25% tariff imposed during Trump’s first term on marijuana-related products from China, including mylar packaging bags and vaporizer parts.

Industry executives say the layering of fees complicates forecasting as higher import costs are likely to ripple across product categories. Many operators already operate on thin margins and face stiff competition from the illegal market, limiting their ability to pass costs on to shoppers.

Pax Labs’ vice president, Laura Fogelman, notes that even when courts strike down a tariff, the broader instability carries its own cost. Pax previously shifted part of its production from China to Malaysia to reduce exposure to earlier duties and chose to absorb some added expenses rather than raise prices.

For Custom Cones USA, which produces pre-roll packaging, earlier tariff rounds drove per-container charges from $2,000 to as much as $20,000, according to co-founder Harrison Bard. He said recent notices from federal agencies and shipping companies suggest that the latest rules remain unclear.

In response to earlier trade measures, the company set up a third-party logistics hub in Canada and launched a dedicated Canadian website to serve licensed producers there. Bard said sales north of the border dipped after the April announcement, prompting the company to strengthen its local presence.

Not every business reports major disruption. Jason Ambrosino, who runs Veterans Choice, said Chinese factories have absorbed much of the extra cost so far, keeping pricing relatively stable. He believes the broader marijuana market has largely adjusted.

Others see ongoing turmoil. Calyx Containers co-founder Alex Gonzalez said frequent policy shifts have left supply chain teams scrambling. He added that companies are forced to make quick purchasing decisions without knowing whether rates will be 10%, 15%, or something else entirely.

Gonzalez noted that some operators are trimming product lines to focus on top sellers and building closer ties with U.S. suppliers to gain more predictable cash flow. With tariffs expected to remain central to the administration’s economic strategy, many in cannabis say they are preparing for continued volatility rather than a swift return to stability.

That expected volatility will test management teams at enterprises like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) and all marijuana firms within the U.S. as supply chains may need to be reconfigured and budgets adjusted.

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420 with CNW — Study Links Psychiatric Disorders to Adolescent Cannabis Use

Teenagers who use marijuana may be far more likely to develop serious mental health conditions as they move into adulthood, according to a major study released in JAMA Health Forum.

The study tracked 463,396 young people aged 13 to 17 years and followed them until age 26. Investigators found that teens who reported using cannabis within the previous year faced roughly twice the risk of being diagnosed later with psychotic disorders or bipolar disorder. They were also more likely to develop anxiety and depression.

The research team reviewed electronic health records collected during routine pediatric appointments from 2016 through 2023. On average, marijuana use was reported about two years before a psychiatric condition was diagnosed. By examining data over time, researchers were able to observe how substance use and mental health outcomes unfolded, strengthening the argument that adolescent exposure to marijuana may play a role in later illness.

According to one of the study’s authors, Lynn Silver, the results highlight growing concerns as marijuana products become more potent and widely promoted. She noted that bipolar and psychotic disorders are among the most severe psychiatric illnesses and said the data support calls for stronger public health measures.

Those steps could include limiting product potency, restricting marketing aimed at young people, and expanding prevention efforts. She added that marijuana use among teens should be viewed as a health risk rather than dismissed as harmless experimentation.

Marijuana remains the most commonly used illegal substance among U.S. teenagers. A long-running survey shows that use increases as students get older, climbing from about 8% of eighth graders to 26% of high school seniors. Moreover, a 2024 national survey showed that more than one in ten teens aged between 12 and 17 reported using cannabis in the last year.

At the same time, the potency of available products has increased sharply. In California, average THC concentrations in cannabis flower now exceed 20%, far above levels seen decades ago. Concentrated products can reach more than 95% THC.

Unlike earlier research that often focused on heavy consumption or marijuana use disorder, the new study included any self-reported use within the past year. Screening was conducted universally during regular pediatric visits, allowing researchers to capture occasional users as well.

The study also found higher rates of marijuana use among teens covered by Medicaid and those living in economically disadvantaged neighborhoods. Researchers cautioned that expanding commercialization could widen existing mental health gaps if preventive measures are not strengthened.

These findings make a strong case for the control of black market cannabis sellers while allowing licensed companies like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) that implement age-verification checks to prevent minors from accessing regulated products to flourish.

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420 with CNW — New Study Design Could Provide Workaround to Existing Research Hurdles

A pilot study conducted in Minnesota is pointing to a possible new way for scientists to study medical marijuana without becoming entangled in federal regulatory hurdles that have long limited clinical research in this area.

Researchers worked alongside Minnesota’s state-run medical marijuana program to test whether marijuana could help reduce symptoms in people recently diagnosed with advanced pancreatic cancer.

The findings suggest the approach is safe, practical, and acceptable to patients, while also offering early signs that cannabis may provide symptom relief.

The study focused on individuals with locally metastatic pancreatic adenocarcinoma, a disease often accompanied by intense pain, sleep problems, and loss of appetite. Previous research has shown that marijuana may help ease some of these issues, but strict federal controls have made large, high-quality trials difficult to conduct.

Under current federal law, marijuana is categorized by the DEA as a Schedule 1 drug, which means researchers who handle cannabis must secure special federal licenses. These requirements can be time-consuming and costly, discouraging many academic studies.

To work around those obstacles, the researchers partnered directly with the state’s medical marijuana program. This approach allowed patients to obtain cannabis legally through established channels, while researchers focused on monitoring outcomes rather than managing the drug supply.

The pilot trial enrolled 32 patients, with a median age of 71, and 53% being women. At the start of the study, most participants reported moderate to severe symptoms, including sleep problems (85%), pain (77%), and reduced appetite (69%).

Participants received education on safe marijuana use, emphasizing cautious dosing. They continued standard cancer treatments and supportive medications as needed. Half of the group received immediate access to medical cannabis during the first eight weeks, while the remainder began the intervention later, serving as a comparison group.

Ninety percent reported symptom improvement without negative health effects and said they would recommend medical cannabis to others with similar conditions.

Although differences between the early and delayed groups did not reach statistical significance, patients who received cannabis earlier showed higher rates of improvement in sleep, appetite, and pain by the eight-week mark.

The researchers emphasized caution when interpreting these findings, but said the consistency of patient reports suggests real potential benefits. One participant, interviewed shortly after starting the intervention, described being able to sleep through the night for the first time since diagnosis.

The team has since expanded the protocol to include people with advanced colorectal cancer, with additional enrollment underway. Overall, the results suggest that collaboration with state marijuana programs could help researchers overcome long-standing barriers and generate more rigorous data on medical marijuana use in cancer care.

As more such studies are conducted and they provide additional scientific data on the benefits of using medical marijuana products, more patients could gain confidence in trying products from licensed companies like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) to help in symptom management alongside their conventional medications.

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420 with CNW — Lessons That Successful Marijuana Retailers Have Learned

Mike Khemmoro expected the launch of Mango Cannabis’ New Buffalo store in Michigan to follow a familiar playbook. As chief operating officer of the small multistate company, which operates retail locations across four states, he anticipated the usual challenges that come with opening a new dispensary. What he did not expect was a sudden change in state tax policy just days before opening.

Michigan’s decision to introduce a 24% wholesale tax starting January 1 forced Khemmoro and his team to rethink their strategy. The market was already crowded with large, established competitors, and prices had been under pressure for years. Opening with limited inventory was not an option, but neither was losing ground on margins.

To stay competitive, Mango significantly increased its opening order. Khemmoro said the company purchased roughly three times the inventory it would normally carry at launch. Without that adjustment, he said, the store would have started off at a serious disadvantage.

Operators often face rising costs and delays well before their first sale. Many say these issues become clear only after they are deep into the process.

Fadi Boumitri, chief executive of Ohio-based Ascension Biomedical, learned this lesson while planning the launch of Roam Dispensary. Boumitri believed he had secured an ideal location, only to discover that local zoning rules made the site unusable. Ohio law requires marijuana retailers to maintain a 500-foot distance from certain locations, including schools, parks, churches, and libraries.

In Boumitri’s case, a nearby office building housed a church that used part of the space once a week for services. That was enough to disqualify the site. After months of work with brokers and negotiations, Boumitri had to abandon the plan and start over elsewhere.

Even after navigating state regulations, operators must pay close attention to local rules. Counties and cities often impose their own restrictions, from caps on the number of licenses to detailed security standards. These requirements can significantly increase construction costs.

In New York, cannabis regulators require surveillance cameras at all entrances, exits, and points of sale, with footage capable of clearly identifying individuals. Meeting these standards can be expensive. High-quality camera systems alone can cost tens of thousands of dollars, according to industry consultants. Overall startup expenses for a cannabis store can range from several hundred thousand dollars to well over a million, depending on location and scope.

Costs can rise further when approval processes stretch out. Many operators underestimate how many layers of review are involved. Community board meetings, municipal approvals, and state sign-offs often happen sequentially, not simultaneously. During that time, rent and other fixed expenses continue to accumulate.

Inventory planning presents another challenge. Coordinating product deliveries, intake procedures, and point-of-sale systems must align with construction timelines and inspections. Experts advise new retailers to avoid overcommitting at launch. A smaller, varied product selection can reduce risk and allow stores to better respond to local demand.

Staffing decisions can also make or break an opening. Employees must be trained on compliance rules, customer service, and technology systems. Hiring too late can leave a team unprepared, while hiring too early can strain payroll before sales begin. Khemmoro said he would prioritize building his team earlier if starting over, even if it meant higher upfront costs.

He also recommends building extra time and budget into every phase and considering a soft opening. A limited launch allows operators to address issues in a lower-pressure setting before welcoming a full flow of customers. For many retailers, that flexibility can make the difference between a rocky start and a sustainable business.

For companies like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) that have been in operation for years, these lessons have been learned and honed into a working system that keeps the entities on a growth trajectory.

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420 with CNW — Some Changes Resulting from Marijuana Rescheduling Could Take Time

President Trump’s executive order directing federal agencies to loosen restrictions on marijuana is being welcomed by cannabis businesses and researchers, but experts caution that the practical effects will unfold slowly and unevenly. While the move signals a shift in federal posture, it does not immediately dismantle decades of drug policy.

The order instructs Attorney General Pam Bondi to move marijuana toward Schedule III under federal law, a lower-risk category than its current classification. However, executive action alone does not rewrite the Controlled Substances Act, which has governed drug scheduling since 1970.

According to Gillian Schauer, executive director of the Cannabis Regulators Association, rescheduling typically requires a formal rulemaking process or congressional involvement, neither of which happens overnight.

How quickly the change takes effect depends largely on the path the Justice Department chooses. Bondi could revive a proposal initiated under the previous administration or use a less common provision of federal law that allows faster action. Schauer notes that the accelerated option limits procedural steps but may expose the administration to legal challenges, particularly from groups opposed to loosening marijuana laws.

Public participation could also affect the timeline. A traditional notice-and-comment period would slow the process, while bypassing it could speed implementation. When federal agencies previously floated rescheduling, tens of thousands of public comments poured in, underscoring the political sensitivity surrounding the issue.

For cannabis companies, the most immediate impact could come through taxes. Businesses that sell marijuana currently face higher tax burdens because they are barred from claiming standard deductions. Sam Brill, chief executive of multistate operator Ascend Wellness Holdings, says moving marijuana out of its most restrictive category would eliminate those penalties, easing cash flow and reducing the need to set aside large reserves for potential tax disputes.

Other restrictions are less certain. Even with rescheduling, marijuana would remain illegal to transport across state lines, and access to banking services would likely stay limited. Many financial institutions still avoid the industry, forcing dispensaries to operate largely in cash. Patrick Sims, who owns a dispensary in New York, says the inability to accept credit cards remains one of the biggest barriers for both businesses and customers.

Medical research stands to benefit, though gains may be modest at first. Scientists would no longer need the most restrictive licenses to study marijuana, and laboratory rules would become less burdensome. Neuroscientist Staci Gruber, who studies cannabis at a Harvard-affiliated hospital, has said regulatory requirements have long discouraged researchers from entering the field.

Even so, sourcing marijuana for studies remains tightly controlled by federal agencies, a limitation unaffected by rescheduling. Schauer notes that unless those policies change as well, research will continue to face bottlenecks. Taken together, the executive order marks progress, rather than a clean break from the past. The direction is clear but the pace will depend on legal choices, agency follow-through, and whether broader policy reforms follow.

The entire marijuana industry, including leading companies like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), will be hoping that meaningful changes come sooner rather than later so that the regulatory environment is characterized by fewer onerous bottlenecks to businesses.

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Study Suggests Legalizing Marijuana Lowers Suicide Rates Among Seniors

States that allowed recreational marijuana stores to open experienced a drop in suicide rates among older residents, according to a recent analysis that reviewed more than twenty years of data from across the U.S. The findings suggest a clear association between the start of legal cannabis sales and a measurable decline in suicides among adults later in life.

The study analyzed monthly suicide figures from all 50 states. The goal was to examine whether expanded access to cannabis, specifically through regulated retail outlets, had any observable connection to mental health.

The researchers found that suicide rates fell among people aged 45 and over in states with recreational marijuana stores. The decline was most noticeable among men, a group that has long had higher rates of suicide than women. Men in this age range are also likely to report using cannabis to cope with chronic pain, which is a known contributor to depression and suicide risk.

The analysis did not show similar changes among younger people. It also found no reduction in suicide rates in states that legalized adult-use marijuana but had yet to open retail locations. According to the authors, this distinction points to access rather than cannabis legalization on paper as the key factor.

The study found no evidence that expanded marijuana availability led to an increase in suicides. This runs counter to concerns raised by critics of legalization, who have warned that broader cannabis use could worsen mental health, particularly among younger adults.

The paper also addressed the broader factors that contribute to suicide risk, pointing to pain management as an area that has received limited attention in previous research. They argue that understanding how cannabis may alleviate underlying physical discomfort adds a new dimension to debates over marijuana policy.

To rule out other explanations, the researchers accounted for a range of additional policies and economic factors. Their analysis included alcohol and tobacco taxes, as well as several opioid-related measures such as prescription limits, pill mill regulations, and drug monitoring programs. None of these factors explained the decline they observed.

The findings come amid ongoing concern over the rate of suicide in the United States, which remains close to record levels, particularly among senior and middle-aged adults. While the reduction associated with cannabis dispensaries was relatively small, the researchers emphasize that even incremental improvements can translate into lives saved when applied across large populations.

The authors cautioned that more research is needed to understand why the association exists and how cannabis use may influence mental health in different groups. Entities like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) operating licensed marijuana outlets will be glad that their products could be having such unintended positive effects on their users and potentially saving lives.

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420 with CNW — Study Shows Marijuana Regulations Are Effective on Matters of Public Health

A new federally funded review of state regulations suggests that agencies overseeing legal cannabis are placing far greater emphasis on public health than the bodies responsible for alcohol oversight. The findings are based on an analysis of annual reports issued by regulatory agencies in all 24 states that permit recreational cannabis.

Researchers examined how each agency framed its mission, how often it reported working with health departments, and what types of public safety initiatives it highlighted. Roughly 68% of agencies that manage cannabis markets referenced public health priorities in their guiding statements, while only 35% of alcohol regulators did the same.

The findings challenge the familiar campaign message that cannabis should be regulated like alcohol. According to the study, in many cases, cannabis is subject to stronger oversight when it comes to health protections.

The study also found that the path a state took to legalize cannabis appears to influence how regulators approach their work. States where lawmakers approved legalization tended to produce agencies that reported more health-focused indicators, both for alcohol and cannabis, when compared with states that relied on ballot initiatives.

According to the study, legislative legalization has become more common in recent years, and these newer programs often document a broader set of public health concerns linked to cannabis use.

Across all states reviewed, marijuana agencies consistently cited public health goals more often than their alcohol counterparts. Alcohol regulators were more likely to highlight law enforcement activities, such as compliance checks or investigations, while cannabis agencies more frequently reported efforts tied to education, harm reduction, or collaboration with medical experts.

The authors stressed that the findings raise significant questions about the actual impact of regulatory decisions in the real world. They noted that additional work is needed to determine whether the public health strategies described in agency reports lead to measurable improvements for people who use cannabis or for communities affected by the industry’s growth.

The findings come as Congress is weighing how the federal government should prepare for a future in which marijuana is fully legal nationwide. A bipartisan group in the House has already introduced legislation that would require the attorney general to assemble a commission tasked with outlining a regulatory structure for marijuana modeled on the long-established approach used for alcohol.

At the same time, alcohol industry groups have pushed Congress to crack down on THC-infused hemp products and to create a regulatory framework for the sector.

As the regulatory landscape for marijuana evolves at the federal level, entities like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) will be closely watching and hoping that the regulatory headwinds they face ease over time.

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420 with CNW — Campaign Seeking Marijuana Recriminalization in Massachusetts Accused of Deceptive Tactics

A campaign pushing to reverse Massachusetts’ recreational marijuana industry is distancing itself from accusations that petition circulators are misleading voters into signing its initiative.

Organizers behind the “Act to Restore Sensible Marijuana Policy” say they are not connected to individuals reportedly using deceptive language to obtain signatures. However, even if those reports are true, experts say such tactics are largely protected under free speech laws.

If the measure makes it onto the 2026 ballot and wins majority support, it would end the state’s recreational marijuana industry while keeping medical marijuana legal. To qualify, organizers must gather at least 75,000 valid voter signatures by December 3, though they plan to exceed 100,000 to ensure eligibility.

Some residents, however, claim signature collectors are using false explanations to secure support. According to several accounts, canvassers have told voters the petition aims to remove fentanyl from communities rather than roll back recreational cannabis.

One of those residents, Josh Wallis, said he encountered such a solicitor outside a Medford supermarket on October 27. Wallis said he later reported the incident to both local police and the state Elections Division, which informed him that petitioning is considered protected speech subject only to reasonable restrictions.

MJBizDaily, which first reported the incident, shared the account with Wendy Wakeman, spokesperson for the anti-legalization committee. Wakeman confirmed the campaign uses paid signature gatherers but denied any link to those allegedly deceiving voters. She described such individuals as volunteers acting independently.

Election observers note that misleading petition drives are not unusual and often surface in initiative campaigns nationwide. Similar complaints emerged in Nebraska last year during ballot battles over abortion rights.

Massachusetts’ Supreme Judicial Court struck down a law in 2015 that sought to criminalize false political speech.

Public opinion may pose an even greater obstacle to the recriminalization campaign. Marijuana remains broadly popular across the state, with a 2024 MassInc poll showing 65% of registered voters support legalization, up from 56% in 2016.

Meanwhile, questions remain about the campaign’s funding. Paid signature collection can be costly, with Ballotpedia estimating the average price per valid signature in the 2022 midterms at $13. Collecting enough for the Massachusetts measure could therefore cost millions.

Wakeman declined to disclose financial backers or partner organizations. Campaign finance records that might reveal funding details are not due until January 2026.

Opponents of the initiative argue that the campaign should take stronger action to stop misleading petitioners. Licensed marijuana companies like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) operating in other states with legal marijuana markets will be watching the events in Massachusetts to see whether legalization is reversed there and a worrisome precedent is set for other Red states.

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420 with CNW — New Rule in Florida Puts Access to Medical Cannabis at Risk

Over 160 Floridians with state-issued medical cannabis cards have lost or could soon lose access to their prescriptions following a new regulation from the state health department. The rule, enacted this summer, targets patients charged with or convicted of drug-related offenses.

Bobbie Smith, who leads the state’s Office of Medical Marijuana Use (OMMU), told lawmakers on October 15 that 20 people already meet the conditions for revocation under Senate Bill 2514. Another 140 remain under court review and could face similar action once convictions are finalized.

The new rule stems from a Senate Appropriations Committee measure initially tied to a student loan program for dental students. The law suspends medical cannabis cards for caregivers and patients accused or convicted of possessing illegal drugs. Once convicted or entering a no-contest plea, their cards are revoked.

Those affected can reapply only after completing their sentences and submitting a notarized affidavit confirming compliance with all court requirements.

Governor Ron DeSantis signed the bill into law on July 3. Within weeks, the health department expedited rulemaking, pushing the measure through the state’s usual administrative hurdles in record time—a pace far faster than the usual months-long regulatory process that includes public input and reviews.

The move marks a significant tightening of Florida’s medical cannabis program as advocates prepare a 2026 ballot initiative seeking to legalize recreational use. Meanwhile, a grand jury in Leon County is investigating allegations that figures tied to the DeSantis administration helped finance opposition to a similar 2024 proposal that voters ultimately rejected.

Orlando lawyer John Morgan, who bankrolled the 2016 campaign that legalized medical cannabis and is often called “Pot Daddy,” criticized the governor’s stance. “DeSantis believes opposing medical marijuana is politically smart. I think he’s wrong,” Morgan said. He has hinted at a possible independent run for governor after the 2025 primaries.

Patient advocates argue the rule unfairly punishes people by cutting off access to necessary treatment.

According to the DOH’s 2025 OMMU report, the number of Floridians with state-issued medical cannabis cards has surged to 925,000, more than doubling since 2020. Among patients, 42 percent are diagnosed with PTSD, 29 percent qualify under listed medical conditions, and 13 percent use cannabis to manage chronic pain. Nearly six in ten cardholders are older than 35, with those aged 35 to 44 and over 65 representing the largest groups.

While marijuana remains illegal at the federal level, Florida’s Amendment 2 continues to protect patients who meet the state’s medical criteria—a program now facing its most restrictive phase yet.

The wider marijuana industry, including leading entities like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), will be unhappy that people who badly need medical cannabis may end up being denied the treatments they need due to the new law.

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