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Happy Friday Pre Rollers! Welcome to another edition of The Pre Roll, the cannabis newsletter that keeps you up-to-date on the industry happenings you need to know.
Here’s what we’re rolling up this week:
Virginia adult-use market faces another setback
TSA says airport cannabis policy remains unchanged
Cannabis companies report mixed Q1 2026 results
…and more. Let’s get to it.
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🚨 ROLL CALL
Policy
Source: NORML
Virginia vetoed. Virginia’s long-delayed adult-use cannabis market hit another major setback this week after Governor Abigail Spanberger vetoed legislation that would have launched regulated recreational cannabis sales beginning in 2027.
I share the General Assembly’s goal of establishing a safe, legal, and well-regulated cannabis retail marketplace in the Commonwealth. Virginians deserve a system that replaces the illicit cannabis market with one that prioritizes our children’s health and safety, public safety, product integrity, and accountability.
As Virginia pursues a legal retail market, it is critical that we incorporate lessons learned by other states and ensure that our regulatory framework is fully prepared to provide strong oversight from day one. That includes clear enforcement authority and sufficient resources for compliance, testing, and inspections, and robust tools to crack down on bad actors who continue to profit from the illicit market.
I greatly appreciate the patrons’ time crafting this important piece of legislation as well as our continued dialogue and collaboration to strengthen this framework ahead of the next legislative session. I remain committed to working with members of the General Assembly, stakeholders, and law enforcement to get this right.
While Virginia legalized adult possession and home cultivation in 2021, the state still lacks a legal retail market, leaving medical operators as the only licensed cannabis sellers and allowing the illicit market to continue filling demand.
Spanberger said the bill lacked the “timeline, structure, or resources” necessary for successful implementation, after lawmakers rejected her proposed amendments that included delaying launch dates, reducing the number of retail licenses, and increasing taxes.
The veto marks the third consecutive year a Virginia governor has blocked adult-use legislation, despite Democratic control of the state government and campaign promises supporting legalization.
Policy
Source: Newsweek
Cannabis clarification. The Transportation Security Administration (TSA) is pushing back on widespread media reports suggesting a change in its cannabis policy, noting that its rules on medical cannabis have “not changed” despite recent headlines.
The agency emphasized that its screening procedures have long been focused on aviation security rather than drug enforcement, and that officers do not actively search for illegal substances. However, if cannabis is discovered during screening, it may still be referred to law enforcement, with final decisions left to the on-site officer and applicable federal, state, or local law.
The clarification comes after confusion sparked by recent updates to TSA’s “What Can I Bring?” webpage and broader reporting tied to federal cannabis policy shifts, including cannabis rescheduling, which some outlets mistakenly interpreted as a substantive change in airport screening rules.
TSA officials stressed that the website revisions were for clarity and do not reflect any policy shift, underscoring that medical cannabis allowances and enforcement practices remain consistent with longstanding guidance.
Business
Source: MJBizDaily
Financial focus. A number of plant-touching and ancillary cannabis companies reported financial results for the first quarter of 2026, with varied outcomes. Click on any business below for further detailed information.
Across the sector, results reflected an increased focus on profitability, operating discipline, cash flow generation, and strategic growth initiatives as cannabis operators continued to navigate competitive market conditions and evolving consumer demand.
🇺🇸 STATE OF THE INDUSTRY
Massachusetts: Governor Maura Healey appointed Christopher Harding, Xiomara DeLobato, and Anthony Wilson to a newly restructured three-member Cannabis Control Commission following a major cannabis reform law aimed at improving oversight, accountability, and industry growth.
Minnesota: lawmakers approved a broad cannabis reform bill that creates a new “macrobusiness” license, merges medical and adult-use cannabis supply chains, updates hemp beverage rules, and streamlines regulations.
💼 BUSINESS
Trulieve targets move of incorporation
The leading U.S. multistate cannabis operator announced plans to seek shareholder approval to shift its legal incorporation from British Columbia to Delaware.
🌏 AROUND THE WORLD
France: Authorities banned CBD-infused edible products under EU rules while still allowing smokable CBD products.
💨 QUICK HITTERS
Workers at the Sinse cannabis cultivation facility in St. Louis won a unionization vote after a two-year dispute over whether they were covered by federal labor protections.
Death Row Records Cannabis expanded its product line and retail presence into Nevada, introducing new products as part of a broader multi-state growth strategy led by Snoop Dogg’s cannabis brand.
Reframe, a hemp-derived beverage brand, grew its distribution and product lineup while adding an advisory board of industry veterans to support its growth.
📚 WHAT WE’RE READING
How US hemp ban could criminalize CBD products – and derail Medicare plan (Guardian)
‘Reckless’ 280E gamble backfires as feds demand millions from cannabis MSO (MJBizDaily)
📽️ VIDEO OF THE WEEK
🔎 JOB BOARD
Colorado State University Pueblo
$130,000—$151,000
University of Utah
Story Cannabis
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💚,
The Pre Roll Team
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