California and Texas are heading in opposite directions on cannabis and hemp. Governor Newsom’s AB 564 marks a win for the legal cannabis market with the reversal of California’s cannabis excise tax increase, while Governor Abbott’s GA-56 signals tighter restrictions for hemp retailers. Together, they spotlight the widening policy divide between two of America’s largest states.

420 lands on Easter as tariffs rise—a sign to resurrect the domestic cannabis industry High Holy Days This year, a haze of coincidence...