Rubber, Meet Road
SCOTUS, Administrative decisions loom.
Daily Recap
Ohio lawmakers have approved a far-reaching overhaul of the state’s voter-approved cannabis system, with the Senate giving final passage to Senate Bill 56 and sending it to Governor Mike DeWine for his consideration.
The measure would make it unlawful to consume any adult-use product in a public place, including edibles such as gummies, punishable with a $150 fine, and illegal to possess cannabis that wasn’t purchased in the state of Ohio.
Californicated
California’s state government was handed an embarrassing court loss after an Orange County judge ruled that the Department of Cannabis Control failed to comply with its own laws designed to stop illegal cannabis from leaving the state.
The regulator has been accused of looking the other way as legal canna farms illegally ship billions of dollars of product out of the legal system across the world. The ruling affirmed DCC never implemented a tracking system necessary to curb that illegality.
Gator Grow
Florida State Representative Bill Partington (R) filed legislation that would significantly revise Florida’s MMJ framework, including expanded eligibility, longer card durations, and major changes to physician requirements and supply limits.
Nice, but still…
American athlete Jarred Shaw sat inside Indonesia’s prison system for seven months, wondering whether a package of THC gummies would cost him his life. On Tuesday, an Indonesian court sentenced the 35-year-old to 26 months. The decision marks a sharp departure from the death penalty that police and prosecutors floated earlier.
Stocks & Stuff
It was a mixed day on Wall Street as the animal spirits battle into year-end. Cannaland ended the session slightly higher, as measured by U.S. canna ETF MSOS, which closed +2.5% as it straddles the YTD flatline with less than three weeks left on the calendar.
Below, we’ll top-line the latest, preview this weekend’s Supreme Court decision—and why the high court might be motivated to hear the case—explore Cura’s hemp exit, embrace the suck, and share ATB’s 2026 Canadian canna outlook and top picks.
All that and more, just scroll down.
note: Cannabis Confidential will be offline from Dec. 16th through year-end'; HNY!
SPY 0.00%↑ QQQ 0.00%↑ IWM 0.00%↑ MSOS 0.00%↑ ETF Notional: $18M
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