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Starting today, MJBizDaily is offering three, comprehensive weekly newsletters — delivered every Monday, Wednesday and Friday.

Only the timing on these newsletters has changed: You'll still receive all the essential cannabis industry insights — including finance, trends, cultivation and expert profiles — that you've grown to expect.

F E A T U R E D  S T O R Y

US hemp production grows 40% in 2024, reaching $445 million in value

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The annual value of U.S. industrial hemp production grew to $445 million in 2024, representing a 40% increase from the previous year. The rebound – driven by a substantial increase in acreage planted – signals a dynamic shift following recent years of volatility for the nascent industry. Read story >

California tax agency confirms it will raise cannabis excise rate to 19% on July 1

Photo by Aliaksandr Marko/stock.adobe.com

Despite the concerns of California's regulated marijuana industry and lawmakers, the state's tax agency says it will carry through on plans to increase the cannabis excise tax rate from 15% to 19% on July 1. The 26% increase is the highest allowed under state law. Read story >

More Headlines

• Marijuana delivery company Eaze can't cover debt, files bankruptcy. Read story >

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