News and Information about the Business of Cannabis

Detroit Could Restrict Cannabis And e-Cigarette Ads

Detroit City Council members passed a resolution Tuesday that documents the harms posed by e-cigarette and marijuana use among youth as the council prepares to restrict where these products can be advertised in the city. In Detroit, ads for alcohol and...

Fluresh To Close Michigan Cannabis Grow, Lay Off 46

Fluresh LLC is closing down its $46 million 105,000-square-foot grow facility in Adrian and will be laying off 46 employees at the end of this month. The company, doing business as Tend.Harvest.Cultivate, couldn’t make the economics of the operation work as...

Nov. 30 Deadline To Apply For The CRA’s $1 Million Social Equity Grant Program

The Cannabis Regulatory Agency’s social equity team is currently accepting applications for the FY 2025 Social Equity Grant Program (SEGP). Social Equity Program licensees are either eligible – or close to eligible – to receive a share of one million grant...

Sarah Rusnell, outreach manager, with the Michigan Department of Treasury, is hosting a zoom conference to teach cannabis companies how to process collecting and remitting cannabis-related taxes to Treasury. This is the third workshops that will go over the different...

U.S. House Version Of New Farm Bill Seeks To Shut Down Market For Intoxicating Hemp Products

Nov 20, 2024 | National

The U.S. Senate Agriculture Committee has unveiled a new version of the U.S. Farm Bill that would shut down an out-of-control market for intoxicating hemp products by banning non-industrial uses of hemp. Provisions in the 1,400-page draft measure could finally close a...

RFK Jr. Could Advance Marijuana And Psychedelics Reform Agenda As Trump’s Top Health Official

Nov 20, 2024 | National

President-elect Donald Trump has named Robert F. Kennedy Jr. as his pick to lead the U.S. Department of Health and Human Services (HHS), where he will have the chance to advance major drug policy reforms he’s championed such as promoting access to psychedelics...

Treasury Report: More Than 800 Banking Institutions Report Relationships With State-Licensed Cannabis Businesses

Nov 20, 2024 | National

More than 830 financial institutions have filed paperwork with the US government acknowledging their relationships with licensed cannabis businesses, according to quarterly data from the US Treasury Department. That figure is a slight uptick over last year’s...

Incoming Senate Majority Leader Has Long History Of Opposing Marijuana Policy Reforms

Nov 20, 2024 | National

South Dakota Senator John Thune, who will lead the Senate in 119th Congress, has long argued against efforts to reform marijuana policy at both the state and federal level. Senator Thune is among the 26 GOP members who earlier this year called upon US...

New Administrative Recall And Expiration Date Functionality In Metrc

Nov 20, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency (CRA) announced the launch of two new functionalities in Metrc this month. Administrative Recall Function This new feature allows the CRA to apply an Administrative Recall status to packages within the statewide monitoring system. This...

Michigan October Cannabis Sales Were $262.9 Million, The Third Monthly Decline In A Row

Nov 20, 2024 | Feature, Great Lakes Region, Michigan

For the third month in a row, Michigan cannabis sales (recreational and medical) fell to $262.9 million, down 4.3 percent from September. But when compared to October 2023, sales were up 25.5 percent. Medical sales fell 70.7 percent from a the same month in 2023 to...