AGP Executive Report
Last update: 11 hours agoRegulation Update (NZ): New Zealand’s hemp industry is welcoming a new regulatory framework taking effect May 28, replacing outdated rules and moving low-THC hemp under the Misuse of Drugs Regulations to give growers and processors more certainty. Enforcement (US/CA): California reported nearly $248M in cannabis tax revenue for Q1 2026, including $143.6M in excise tax and $104.3M in sales tax. Compliance (US/MO): Missouri issued a recall for over 500 disposable cannabis cartridges after THC concentrates were tested before processing, not after—no adverse reactions reported so far. Retail Crackdown (US/NY): New York’s Office of Cannabis Management shut three Broome County cannabis shops after complaints of illegal, untested products that sent people to the hospital. Local Business (US/FL): Seed & Bean, a hemp café in Fort Myers, will close May 31 as Caloosahatchee Cannabis Co. shifts focus to its expanded Cape Coral location. Policy/Legal (US): Three Republican state attorneys general filed suit to block the federal marijuana rescheduling move, arguing it was procedurally improper. Industry/Market (US/IL): Illinois lawmakers are considering cannabis and hemp changes as the session nears key votes. Safety & Crime (AU/QLD): A drone carrying drugs, syringes and a phone was intercepted before reaching a Queensland prison, highlighting ongoing contraband attempts.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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