The Cole Memo

Damian Fagon, policy director at the Parabola Center for Law and Policy, joins the show to discuss a new analysis of Illinois' cannabis market and the structural advantages held by large multi-state operators and incumbent medical cannabis companies. We discuss market concentration, cultivation capacity, vertical integration, management agreements, consumer choice, and why hundreds of cannabis bra...

Dr. Eric Lee returns to The Cole Memo to discuss major changes facing Oregon's legal psilocybin program. Lee explains how rising licensing fees could push operators out of the industry, why legal psilocybin sessions remain unaffordable for many people, and how his clinic is working to keep services accessible. Cole and Dr. Lee also discuss the challenges of building a legal psychedelic industry, O...

J.B. Pritzker, the Governor of Illinois, has officially signed Illinois' latest cannabis omnibus bill into law, marking one of the biggest updates to the state's cannabis regulations since adult-use legalization. In this episode, we livestream the signing ceremony from Sway Dispensary, break down the bill's major provisions, and hear directly from Governor J.B. Pritzker, social equity operators, p...

Illinois law has allowed qualifying medical cannabis patients to purchase cannabis seeds from licensed dispensaries since adult-use legalization took effect, but six years later, patients still can't buy them. In this episode, Cole Preston revisits reporting dating back to 2020, examines a 2022 response from state officials identifying Illinois' seed-to-sale software as a potential obstacle, and a...

The federal cannabis rescheduling hearings are underway, and this episode breaks down the biggest developments from the first two days. We cover testimony from DEA and FDA officials, arguments over the government's shift from a five-part to a two-part medical use test, and reactions from opponents of the proposed move to Schedule III. We also discuss what the hearings do and do not address, includ...

Cole sits down with striking workers and representatives from Teamsters Local 916 to discuss the ongoing labor dispute at Ascend Wellness' cultivation facility in Barry, Illinois. They explain why more than 300 workers walked off the job, outline their concerns over wages, health care, overtime, workplace safety, and contract negotiations, and respond directly to portions of Ascend's public statem...

Illinois cannabis laws continue to evolve, and this week we're breaking down some of the latest developments. We discuss the Illinois Department of Agriculture's new informational bulletin on Senate Bill 3222, including expanded craft grow canopy limits, new labeling requirements for medical cannabis, transporter updates, and other regulatory changes. We also take a look at whether Illinois' recen...

Fresh off the IgniteIt Cannabis Capital Conference in Chicago, Cole shares reactions from cannabis operators, industry stakeholders, and policymakers following the passage of Illinois' landmark cannabis omnibus legislation. Hear what business owners, advocates, and legal professionals are saying about expanded possession limits, medical cannabis access, hemp regulation, and the many unanswered que...

Governor JB Pritzker has signed Illinois’ cannabis omnibus legislation into law, marking one of the most significant updates to the state’s cannabis regulations since adult-use sales began in 2020. In this episode, we break down the new law, including expanded possession limits, free medical cannabis licenses for adult-use dispensaries, drive-thru and curbside sales, telehealth certifications, cra...

On this impromptu live episode of The Cole Memo, Cole discusses reports that Trulieve is set to become the first U.S. cannabis company listed on the New York Stock Exchange, what that development could mean for the industry, and why other major operators appear to be preparing for similar moves. Cole also shares updates on an upcoming article examining the continued criminalization of cannabis in...

Illinois lawmakers have finally passed a long-discussed cannabis omnibus bill, but what does it actually mean for consumers, home growers, hemp operators, and the broader cannabis industry? Cole is joined by longtime friend Phil for a candid conversation about possession limit increases, medical access expansion, hemp restrictions, social equity transporters, security requirements, and why many of...

In Episode 289 of The Cole Memo, Cole recaps a major week in Illinois cannabis policy as the omnibus cannabis and hemp legislation officially heads to Governor J.B. Pritzker's desk. He highlights key developments from recent coverage, reflects on conversations with advocates and lawmakers, and shares where listeners can find deeper analysis of the legislation. The episode also features a live Q&A...

Cole is joined by Peter Contos in this live to tape broadcast of The Cole Memo. Watch video version and read full show notes here: https://thecolememo.com/2026/06/01/e288/

Illinois lawmakers have approved a wide-ranging cannabis, hemp, and regulatory omnibus bill, sending one of the most significant cannabis policy packages in years to Governor J.B. Pritzker’s desk. In this episode, Cole breaks down the major provisions, including proposed increases to possession limits, drive-thru and curbside dispensary pickup, expanded medical access, telehealth certifications, f...

The Illinois House has passed SB 3222, a sweeping cannabis omnibus bill that would increase possession limits, expand medical patient access, allow dispensaries to stay open until 2 a.m., authorize drive-thrus, create new opportunities for social equity transporters, and establish a new framework for hemp regulation. During this live stream, Cole breaks down the floor debate, key provisions, and t...

Cole Preston goes live from Springfield with a Sunday morning update as the Illinois legislative session enters its final stretch. He breaks down the latest developments surrounding Senate Bill 3229, including new amendment language tied to federal hemp law, ongoing negotiations between lawmakers, and reporting from Capital News Illinois on the state's cannabis and hemp omnibus package. Along the...

In this short episode, I give a brief update on how the end of the legislative session seems to be shaping up. Watch video version or read full show notes here: https://thecolememo.com/2026/05/30/e284/

In this live to tape episode, I share the latest developments that I'm hearing on Illinois cannabis policy. Then, I end the show by playing clips that I captured from the Midwest Cannabis Forum, including a panel that I was invited to be on at a moments nice. Watch video version and read full show notes here: https://thecolememo.com/2026/05/29/e283/

Illinois lawmakers held a major subject matter hearing on Senate Bill 20, a sweeping cannabis and hemp proposal that could reshape the Illinois market. In this episode, Cole breaks down the hearing in real time, covering proposed increases to possession limits, expanded dispensary hours, drive-thru sales, medical access changes, hemp regulation, and the ongoing debate over Illinois cannabis taxes....

Cole Preston is joined by Brad Spirrison to preview the upcoming Midwest Cannabis Forum, a regional event bringing together voices from across the cannabis, hemp, beverage, tech, finance, and regulatory worlds. The conversation explores why organizers are trying to create a space for dialogue between industries that are often at odds, while also discussing the rapidly changing landscape surroundin...

This week on The Cole Memo, Cole breaks down Illinois House Bill 5784, a sweeping new cannabis omnibus proposal that could dramatically reshape cannabis policy in the state. The bill would double possession limits for adults, expand medical access by allowing patients to shop at more dispensaries with lower tax rates, extend dispensary operating hours until 2 a.m., expand drive-thru and curbside p...

Cole breaks down the latest cannabis policy developments unfolding in Illinois, including concerns surrounding House Bill 4782, the state’s odor-proof vehicle law, and discussions about possible changes tied to a broader cannabis omnibus package. Cole also shares what advocates are hearing behind the scenes about lawmakers tightening the circle around cannabis policymaking and what that could mean...

Cole Preston is joined by Madeline Scanlon for a wide-ranging conversation about homegrow culture, cannabis legalization, Schedule III concerns, and the future of cannabis access in Illinois. Maddie shares details about her new Outdoor Grow Club through High Focus Media, designed to help everyday people successfully grow outdoor cannabis with community support, clones, supplies, and education thro...

Cole Preston is joined by Michael Lasley of Illinois News Joint for a wide-ranging conversation about the federal government’s latest cannabis rescheduling developments and what they could mean for Illinois. From Schedule III and 280E tax relief to homegrow protections, interstate commerce, and the future of medical cannabis, the two unpack the massive questions still hanging over the industry. Th...

Enjoy this short episode. Show notes will be available soon at ColeMemo.com