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Happy New Year! Here's what's defining today's cannabis headlines.
But first ...
Your MJBiz Factbook stat of the day:
Legal U.S. cannabis sales are projected to exceed $40 billion by 2026, up from roughly $32 billion in 2024, signaling continued top-line growth despite operational pressure.
Marijuana rescheduling is historic, but it's not instant and it's not simple. From whether 280E tax relief applies in 2025 to how long Schedule 3 could actually take, confusion and misinformation are spreading fast across the industry. MJBizDaily breaks down what's real, what's speculation and what operators should not do next.
Operators: 280E relief is not here yet and filing as if it is could trigger IRS scrutiny.
Consumers: Rescheduling does not change how or where cannabis is sold today and state regulated dispensaries remain the status quo for the foreseeable future.
Investors: Schedule 3 momentum signals long term regulatory progress, but timelines remain uncertain and legal challenges could delay financial upside.
Policymakers: President Donald Trump's executive order increases pressure on federal agencies and Congress, but lasting change, especially around hemp, still requires legislative action.
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More Headlines
Can the cannabis industry send one of its own to Congress? Read story >
Three trends affecting the U.S. cannabis industry in 2026. Read story >
What cannabis investors should watch for in 2026 after marijuana rescheduling. Read story >
Credit cards, advertising and more: Cannabis rescheduling means business opportunities. Read story >
F A C T B O O K
The industry has changed fast. See how it got here.
Our MJBiz Factbook archive goes back to 2013, offering long-term market data, state-by-state analysis and industry benchmarks you won't find anywhere else.
Use past editions to track trends, compare cycles and add historical context to today's decisions.
MJBizDaily is the leading resource for the cannabis industry, cited by The Wall Street Journal, Forbes and Harvard Business Review. MJBizalso produces the No. 1 cannabis business conference, MJBizCon.
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