Cannabis Market News and Legislation Updates

2026 Cannabis Reform Proposals (May 2026 Update)

As of May 2026, at least five states have medical/adult-use cannabis reform proposals in process.

Updated: May 14, 2026

2026 Cannabis Reform Ballot (May 2026 Update)

As of May 2026, three states – Idaho, Massachusetts, and Nebraska – could have their cannabis reform measures on the 2026 ballot, scheduled to be held on November 3.

Updated: May 14, 2026

Illinois Cannabis Market

While near-term headwinds persist, industry forecasts project a recovery, with Illinois Cannabis Market estimates ranging from $2B to $2.8B by 2027.

Updated: May 10, 2026

Medical cannabis sales have risen from $3.5 million in 2020 to $13.6 million in 2023, and after a brief contraction to $13 million in 2024, continued their upward trajectory. From January to October 2025, medical cannabis sales in Iowa totaled $13.7 million, driven by a continuous rise in annual transaction volume and a stable active patient base.

Updated: May 10, 2026

Global Hemp Market

Hemp is rapidly gaining global recognition as a versatile, sustainable crop with applications in building materials, food, personal care, textiles, and medicine. The rising awareness of its benefits and quickly developing regulations are projected to drive a $17 billion market by 2030.

Updated: May 1, 2026

Cannabis Rescheduling

On April 22, 2026, medical cannabis was officially moved to Schedule III with administrative hearing regarding the rescheduling of adult-use cannabis planned for June 29, 2026. From tax relief to greater medical acceptance, this will create opportunities for both existing operators and new entrants.

Updated: April 29, 2026

New Jersey Cannabis Market

Since adult-use cannabis sales began in April 2022, the New Jersey adult-use cannabis market has generated more than $3 billion in total revenue.

Updated: April 25, 2026

Cannabis in Idaho

As of April 2026, Idaho remains one of the most restrictive states for cannabis, with no legal medical or recreational program. However, Idaho voters may soon have the chance to change this if the Idaho Medical Cannabis Act qualifies for the November 2026 ballot.

Updated: April 25, 2026

U.S. Hemp CBD Industry, Legalization and Opportunities

Total utilized production value hit $739 million (+64% YoY), driven by a 34% increase in harvested hemp acreage and a rise in value of hemp flower and grain.

Updated: April 22, 2026

Medicare’s CBD Pilot Program

Starting April 1, 2026, eligible Medicare beneficiaries will be able to access hemp-derived CBD products at no cost to themselves through the Substance Access Beneficiary Engagement Initiative established by the Centers for Medicare & Medicaid Services.

Updated: April 20, 2026

Cannabis Market News and Legislation Updates

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