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:
Three States Challenge Federal Cannabis Rescheduling Effort
Nebraska, Indiana, and Louisiana have filed a legal challenge seeking to halt the federal government’s effort to move cannabis from Schedule I to Schedule III. The states argue that the proposed change violates administrative procedures and raises questions about federal authority.
The filing represents the latest chapter in the ongoing debate over federal cannabis policy and underscores how legal and political battles continue to accompany reform efforts, even as more states expand access to regulated markets.
California Attorney General Clarifies Tribal Licensing Requirements
California Attorney General Rob Bonta’s office issued guidance stating that federally recognized tribes must obtain state licenses if they wish to participate in California’s broader regulated cannabis market beyond tribal lands.
The topic has become increasingly important as more tribes launch cultivation, manufacturing, retail, and distribution operations. The guidance could shape how future partnerships and market expansion efforts are structured throughout the state.
Japan Moves to Restrict CBN Products
Japan will prohibit products containing cannabinol (CBN) beginning in June, adding another cannabinoid to the country’s controlled substances framework. The decision reflects growing international scrutiny of emerging cannabinoids as regulators around the world work to define rules for products that exist outside traditional cannabis and hemp classifications.
The move may influence product development strategies for companies seeking access to Asian markets while highlighting the increasingly global nature of cannabinoid regulation.
Read more: Pre-Rolls Overtake Flower as Consumer Preferences Shift – Cannabis & Tech Today
Mfused Bets on Soccer Culture With FC Super Fog Campaign
Mfused launched FC Super Fog, a limited-edition product collection and lifestyle campaign timed to the global soccer frenzy surrounding the 2026 World Cup. Developed in collaboration with Seattle-based muralist Shogo Ota, the campaign spans custom packaging, apparel, retail activations, and a short documentary exploring Ota’s Pacific Northwest roots and artistic influences.
The collection includes limited-edition versions of several Mfused products alongside jerseys, scarves, soccer balls, and other merchandise designed to extend the brand beyond the dispensary shelf. Launching across Washington, Arizona, New York, and Maryland, the campaign highlights a growing trend in cannabis marketing: brands increasingly positioning themselves around culture, sports, art, and community rather than product features alone. As traditional advertising restrictions remain in place, experiential campaigns and lifestyle partnerships continue to emerge as important tools for consumer engagement.
Tennessee Finalizes THCA Hemp Ban Ahead of July 1 Deadline
Tennessee regulators finalized new rules that will make many popular hemp-derived products, including THCA products, illegal to sell beginning July 1. The move follows legislation passed last year and represents one of the most significant state-level restrictions on the hemp market since the 2018 Farm Bill created the modern hemp industry. Retailers and manufacturers now face a rapidly approaching compliance deadline as oversight shifts to the Tennessee Alcoholic Beverage Commission. The decision adds to a growing patchwork of state regulations that continues to reshape the hemp marketplace across the country.
FundCanna Lands $60 Million Credit Facility
FundCanna announced a new senior credit facility worth up to $60 million from a global institutional investment firm, providing fresh capital for one of the industry’s largest specialty lenders. The deal includes $35 million at closing and could support more than $500 million in future funding activity across the cannabis supply chain.
The financing stands out because it signals growing institutional interest in cannabis credit, an area that has historically seen far less participation than equity investments or real estate-backed deals. FundCanna says the additional capital will support lending to operators throughout the supply chain while expanding its ReadyPaid platform, a financing tool designed to help businesses manage cash flow and wholesale transactions more efficiently.
The announcement arrives as investors continue evaluating opportunities in cannabis finance amid shifting regulatory expectations and ongoing demand for capital from operators seeking growth, inventory financing, and working capital solutions.
