Hemp News Today — August 14, 2026
Illinois adult-use cannabis retailers can apply for medical permits, with DEA and tax benefits possible and more — today's hemp signal.
Illinois is making it easier for adult-use cannabis retailers to expand their business by allowing them to apply for medical permits. This move could bring in additional revenue and benefits, including a possible exemption from the DEA's strict scheduling of certain cannabis products and a reduction in taxes. This development comes as other states, like California, are reevaluating their cannabis tax structures.
In California, a county has decided to cut its cannabis taxes after a short-lived automatic increase. The change reflects the ongoing efforts of local governments to find a balance between regulating the cannabis industry and making it economically viable. Meanwhile, in the cannabis beverage sector, a group of founders has successfully reacquired their brand from a multi-state operator, highlighting the dynamic nature of the industry and the importance of adaptability for businesses looking to thrive in the ever-changing landscape of cannabis and hemp.
Today's signal:
• Illinois adult-use cannabis retailers can apply for medical permits, with DEA and tax benefits possible (mjbizdaily.com)
• California county cuts cannabis taxes after short-lived automatic increase (mjbizdaily.com)
• The founders who reacquired their beverage brand from a cannabis MSO (mjbizdaily.com)