Sept 22–28, 2025 | U.S. Cannabis Market Recap: Stocks Surge, Tax Relief, and Retail Shakeups
U.S. Cannabis Market Recap — Sept 22 to Sept 28, 2025
The cannabis industry is never short on movement, and last week was no exception. From federal buzz to state-level changes, here’s a look at the key stories shaping the U.S. cannabis market.
Stocks Surge on CBD Support
Cannabis stocks got a boost last week after former President Trump endorsed CBD for use in senior healthcare. His comments sparked double-digit gains across major equities including Canopy, Tilray, and Cronos. While market swings like this are often short-lived, they highlight how public figures can still shift momentum in the cannabis space. Read more here.
California Extends Tax Relief
In California, Governor Newsom signed legislation to keep the cannabis excise tax at 15% through 2028. Without this move, automatic increases would have driven the rate higher, adding pressure to already strained licensed operators. Holding the line on taxes is expected to give the legal market some breathing room and slow the drift toward illicit competition. Full story here.
New York Court Ruling Buys Time
In New York, 152 dispensaries secured a preliminary injunction in their dispute with regulators over school buffer-zone measurements. The ruling keeps these shops open while permanent rules are sorted out, giving businesses stability in what has been a turbulent rollout. Details here.
Eaze Makes a Comeback
In San Francisco, delivery giant Eaze reemerged from bankruptcy by opening its first physical storefront. The move signals renewed confidence in California’s retail sector, even as operators continue to face slim margins and stiff competition. Coverage here.
Looking Ahead
The week ahead looks steady, with the big focus on federal rescheduling discussions and how states like California will adapt to the new excise tax structure. These issues will continue to shape both consumer access and business viability.
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