Pritzker, advocates celebrate new hemp, cannabis regulations WANDTV.com
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New data from the Marijuana Policy Project indicates that tax revenue from recreational cannabis sales is declining or plateauing in mature state markets as supply begins to exceed demand. This trend is primarily driven by falling retail prices, which directly impact tax collections typically calculated as a percentage of sales. For the cannabis and hemp sector, these findings highlight the long-term fiscal instability of current state tax structures and the broader economic pressures facing licensed operators in a competitive landscape.
July 3, 2026Illinois Governor JB Pritzker has signed Senate Bill 3222, a legislative package that significantly tightens regulations on intoxicating hemp-derived products like Delta-8 and THC-P. The new law immediately prohibits sales to individuals under 21 and plans to bring these products under the state’s formal cannabis regulatory framework by November 2026. This move aims to address public health concerns regarding unregulated products while simultaneously expanding access and social equity provisions within the state's established medical cannabis program.
July 3, 2026North Carolina Senate Republicans have reached a legislative agreement regarding hemp, leading to the successful passage of a bill in the Senate. The focus now shifts to the House to see if the chamber will take action on the measure. This development represents a key movement in state-level hemp policy that could impact the regulatory landscape for North Carolina's cannabis and hemp industry.
July 3, 2026New regulations on intoxicating hemp are ‘long overdue,’ Pritzker says NPR Illinois
July 3, 2026