News and Information about the Business of Cannabis
CRA Hits Trucenta With 3 Formal Complaints, Including Failing To Maintain Surveillance Footage
The Michigan Cannabis Regulatory Agency (CRA) issued three formal complaints that involve numerous alleged violations by Trucenta LLC, a vertically integrated company that is involved in cultivation, processing, manufacturing, wholesale distribution, and retail....
Ohio’s Cannabis Sales Tops $143 Million In First 4 Months
Ohio's recreational cannabis market has experienced a remarkable rise since its official rollout in August 2024. In less than four months, the state has accumulated over $143 million in recreational sales, according to the Ohio Department of Commerce Division of...
TerrAscend To Enter Ohio With Pending Purchase Of Ratio Cannabis
TerrAscend Corp. announced in a press release the signing of a definitive agreement to acquire the assets of Ratio Cannabis LLC in Goshen Township, Ohio, for $10.3 million. Upon closing, this acquisition will be TerrAscend’s initial entry into Ohio, the Company’s...
Two Pro-Cannabis Proposals Go Down In Flames In Mid-Michigan
It was a bad night for pro-marijuana proposals in Mid-Michigan. Unofficially two questions to allow marijuana sales in two towns failed. In Mason 2,675 voters said no and 1,979 said yes, leading to it being defeated 57.5% to 42.5%. There were similar results in Howell...
Michigan Court Case Sets Precedent For Drug Recognition Experts
Cara King needed smokes. Before she hopped into her aunt’s silver Mazda 6 to head to the gas station, the 27-year-old took a hit of marijuana. While it’s been legal to smoke marijuana in Michigan since 2018, it is still illegal to drive while high. But police...
Recreational Cannabis Proposal Nixed By Howell Voters
It's not clear where the initiative originated, but voters in Howell declined the opportunity to welcome recreational marijuana on Nov. 5. In a close call, 52.42% of voters struck down the proposal, placed on the ballot after a Michigan Court of Appeals decision ruled...
Stylish, Black-Owned Simply Loud Dispensary Opens In Detroit’s Milwaukee Junction
A Black-owned dispensary in Detroit’s Milwaukee Junction hosted its grand opening Nov. 2 with plenty of giveaways, food, and live music. Simply Loud, located at 216 E. Milwaukee Ave., carries hundreds of products, including 260 types of vape cartridges and...
DEA Picks 25 To Participate In Cannabis Rescheduling Hearing
The U.S. Drug Enforcement Administration has contacted 25 “designated participants” to testify at a Dec. 2 hearing about marijuana rescheduling, according to documents obtained by MJBizDaily. Before marijuana can be moved from Schedule 1 to Schedule 3 of the...
Study: Cannabis Edibles Reduce Chronic Lower Back Pain
The consumption of cannabis-infused edible products, particularly those that are higher in THC content, provides acute relief for patients with chronic lower back pain, according to data published in the journal Frontiers in Pharmacology. Researchers...
Florida Voters Reject Marijuana Legalization Ballot Measure Endorsed By Trump And Opposed By DeSantis
Florida voters have rejected an initiative to legalize marijuana for adult use. While the measure got a clear majority of votes, it failed to achieve the steep 60 percent vote threshold needed to pass a constitutional amendment under state law. The initiative did...
- Curaleaf Q3 Results: Strong Margins But $44M Loss, What's Next For Investors?
- TerrAscend Expands Footprint Despite Q3 Losses, Can A Move To Ohio Turn The Tide?
- Texas Cannabis Election: Dallas, Lockhart, Bastrop Voters Say Yes To Marijuana Decriminalization
- Donald Trump's Evolving Stance On Marijuana: Is Cannabis Legalization Finally On His Agenda?
- Elon Musk And Joe Rogan Criticize Psychedelics And Big Pharma's Legacy Of Profit Over Public Health
- Tilray, Trulieve And Other Cannabis Stocks Nosediving As Industry Faces New Wave Of Political Uncertainty
- Massachusetts Votes Down Psychedelic Therapy After Hard-Fought Legalization Campaign, What's Next?
- Canopy Growth And Other Top Cannabis Companies To Report Earnings: Will Results Get Pot Stocks On Track Following Post-Election Dip?
- Florida's Cannabis Initiative Defeated: Trulieve CEO Kim Rivers, NFL's Ricky Williams And Others Respond
- Another One Bites The Dust: SLANG Worldwide Files For Bankruptcy Due To Inability To Pay Debt
- Cannabis Industry Leaders React To Trump Victory: Expect Changes
- Hemp Vs. Marijuana: Industry Tensions Rise Amid Rejection Of Cannabis Legalization In Florida, The Dakotas
- Snoop Dogg-Backed Cannabis Biotech Joins Forces With Former Google Experts To Boost AI Drug Discovery
- Cannabis Reform Stumbles In 2024 Elections: A State-By-State Breakdown As Stocks Take A Hit
- Gardening Giant Scotts Miracle-Gro Reports 46% YoY Drop In Q4 Net Sales For Its Cannabis-Focused Subsidiary