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Whitney Economics Report Finds More Than 48 Million Pounds of Cannabis Produced in US in 2022

Due to supply-demand mismatches in state-legal markets, company owner and Chief Economist Beau Whitney said he is proposing that state regulators annually adjust supply capacities.

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Patrick Williams

December 8, 2022

In a new report, Whitney Economics assesses that the total output of cannabis cultivated in the U.S. exceeds 48.8 million pounds.

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White House Exploring ‘All Options’ for Cannabis Rescheduling, Trump Drug Adviser Nominee Says

Illinois Governor Says ‘We Will Take Executive Action’ on Intoxicating Hemp Products

8 US Senators Tell Party Leaders to Regulate Hemp, Not Ban It

Regulators Ready to Enforce Cannabis Laws on Hemp THC Retailers in Maryland

White House Exploring ‘All Options’ for Cannabis Rescheduling, Trump Drug Adviser Nominee Says

Sara Carter, at her confirmation hearing to be the White House Director of Drug Control Policy, said ‘all of us’ continue to assess research and data.

Sara Carter, President Donald Trump's nominee to be the director of the White House Office of National Drug Control Policy, testifies during her confirmation hearing Sept. 17 before the Senate Judiciary Committee.

Illinois Governor Says ‘We Will Take Executive Action’ on Intoxicating Hemp Products

Gov. JB Pritzker said he will regulate hemp-derived cannabinoid products should state lawmakers and industry advocates remain ‘unwilling.’

Illinois Gov. JB Pritzker tells reports Sept. 17 that he's ready to take executive action on regulating hemp-derived cannabinoid products.

8 US Senators Tell Party Leaders to Regulate Hemp, Not Ban It

The Democratic octet called on Majority Leader John Thune and Minority Leader Chuck Schumer to regulate hemp-derived cannabinoid products.

U.S. Sens. Ron Wyden, D-Ore., and Jeff Merkley, D-Ore.

Regulators Ready to Enforce Cannabis Laws on Hemp THC Retailers in Maryland

The state’s Alcohol, Tobacco and Cannabis Commission warned retailers that an appellate court’s order will terminate their ‘limited protection.’

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California Passes Bill to Ban Intoxicating Hemp Products Outside Cannabis Market

The legislation, heading to Gov. Gavin Newsom’s desk, also prohibits all synthetic THC products and integrates hemp into the state’s cannabis framework.

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Appellate Court Rules Delta-8, Delta-10 THC Prohibited in Maryland

The court upheld Maryland’s cannabis licensing requirements for selling intoxicating products with hemp derivatives.

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California Cannabis Excise Tax Going Back to 15% Next Month, Pending Governor's Signature

The Legislature passed a bill that will suspend the tax from increasing to 19% for three years as the regulated market struggles to compete.

California State Sen. Christopher Cabaldon, D-Yolo, discusses Assembly Bill 564 on Sept. 10 on the Senate floor.

House GOP Moves Forward on Blocking Trump Administration’s Power to Reschedule Cannabis

The House Appropriations Committee advanced a funding bill that prevents the Department of Justice from using funds to reclassify the plant.

U.S. House Rep. Tom Cole, R-Okla., who chairs the Appropriations Committee.

Texas Hemp Business Council Supports Protections for Minors

The industry organization is urging the practical enforcement of Texas Gov. Greg Abbott’s executive order on regulating cannabinoid hemp products.

Texas Governor Issues Executive Order to Regulate Hemp THC Products

Gov. Greg Abbott directed three executive departments to take ‘immediate action’ to ‘protect’ children and ‘respect’ adult liberties.

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Caribbean Cannabis: A Local Look at the U.S. Virgin Islands

Cannabis legalization represents a catalyst for empowering locals in more diverse ways that can help the culture rebuild and thrive.

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Massachusetts AG Approves Ballot Petition to End $1.6B Adult-Use Cannabis Market

State Attorney General Andrea Joy Campbell certified an initiative petition that aims to wipe out licensed adult-use cultivation and dispensary operations.

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