State Updates
Legalization efforts, ballot measures, and regulatory changes across all 50 states.
Governor Josh Shapiro's 2026–27 budget books $729.4M in first-year revenue from adult-use legalization — the third consecutive year he's pitched it. The House passed the budget. The Senate has not scheduled a vote. Inside the regional pressure from neighboring legal markets, the political calculus, and what has to happen before July 1.
The Cannabist Co. filed Chapter 11 in Delaware on March 25 with $270M in debt. PharmaCann is laying off 132 Colorado cultivation workers by May 20. Wholesale prices have collapsed, 280E continues to choke cash flow, and Schedule III relief remains frozen. Inside the distress data the DOJ's inaction is producing in real time.
Dispensaries reported over 1.7 million ounces of smokable marijuana sold through March, while organizers push for a new recreational ballot measure after the 2024 initiative failed.