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27 January 2026

The Buzz: Cannabis News & Policy Update | January 2026

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Holland & Hart

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Joe Holland and Steve Hart were highly trained lawyers who just so happened to also be Rocky Mountain climbers. In 1947 they came together to build a firm. Their philosophy was simple: keep going up, and if you get stuck, there is always another route to the top. This is where the spirit of the firm’s pioneering and innovation began.

Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.
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Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.

In this edition of the buzz, highlights include:

  • Federal momentum shifts: Executive Order directing DOJ to expedite marijuana rescheduling to Schedule III has no timeline; Smart Approaches to Marijuana vows to challenge
  • New market milestones: KY launches first legal medical sales after 3-year wait; VA preps for adult-use commerce with July licensing applications and November sales
  • Tax battles intensify: MI's new 24% wholesale tax faces court challenges; ME bumps adult-use sales tax to 14% but cuts cultivation taxes
  • Hemp regulations tighten: MI moves intoxicating hemp into regulated cannabis market; TX proposes consumable hemp regulations; NM adopts new hemp rules; OH restricts intoxicating hemp sales to dispensaries
  • Markets under threat: Repeal initiatives targeting existing adult-use programs advance in AZ, ME, and MA—signature collection underway for 2026 ballots; FL legalization ballot initiative challenged in court

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