Welcome to the latest edition of “Last week in Weed,” catching you up on the latest breaking news and industry developments in the world of cannabis.
Here’s what you may have missed over the last week:
Legislation: Hemp Takes a Gut Punch from Congress
A continuing-resolution bill signed late last week slipped in a surprise THC cap of 0.4 mg per serving for hemp products, effectively outlawing almost every intoxicating gummy, seltzer, and edible on the market. Industry groups say the rule could erase 90-95% of the $28 billion hemp sector and cost 300,000 jobs. Cannabis also lost ground: a veteran medical-cannabis amendment was stripped from the final bill, and Wyoming’s new U.S. Attorney promised aggressive enforcement on federal lands.
Psychedelics: States Charge Ahead, FDA Pushes Back
Colorado’s natural-medicine task force formally recommended regulated access to psilocybin and ayahuasca with strong Indigenous oversight. Ohio State University opened a dedicated psychedelics research center the same week. The FDA issued warnings and seized mushroom edibles after multiple illness reports, while California quietly fast-tracked funding for PTSD-focused psychedelic therapy trials.
Finance: Solid Earnings, Storm Clouds Gathering
Village Farms and IM Cannabis both posted strong Q3 numbers driven by international sales and strategic acquisitions. U.S. dispensary revenue remains on track for $31.8 billion in 2025. The new federal hemp rules immediately dragged down beverage and edible stocks, with analysts predicting sharp volatility until lawmakers revisit the language.
Industry Spotlight: Insa Goes Fully Vertical in Pennsylvania
Insa opened its first Pennsylvania medical dispensary in Newtown Square on November 15, completing cultivation-to-retail vertical integration in the state. Patients in the Philadelphia suburbs now have direct access to Insa-grown flower, concentrates, and edibles. Highlights include the new Gillie Grows line developed with Philly’s Gillie Da King, high-dose troches in four flavors, and an upcoming “first-of-its-kind” product for PA. Exclusive 2026 drops from Connected Cannabis and AlienLabs (Biscotti, Gelato 41, Kryptochronic) are already locked in.
Culture: THC Drinks on the Ropes, Philly Weed Gets Street Cred
The hemp cap sparked instant backlash from craft brewers, influencers, and consumers who rely on legal THC seltzers and gummies. Expect louder lobbying and possible boycott talk in coming weeks. On the brighter side, the Gillie Grows launch brought authentic Philly hip-hop energy to premium flower, while psychedelic advocates kept the “healing, not hype” message front and center.
