News and Information about the Business of Cannabis

Michigan Cannabis Market Hits Record Sales Amid Low Weed Prices And Rise In Cultivation Licenses

Michigan's cannabis market is experiencing a major transformation, with retail sales surging while flower prices continue to drop. As MJBizDaily reported, since the start of adult-use sales in December 2019, the average retail price for an...

Ohio Adult-Use Sales Near $100 Million In First Two Months

According to the most recent figures from the Ohio Division of Cannabis Control, there have been just over $98 million in non-medical marijuana sales since they began in the state on August 6. Erick Rodriguez, vice president of retail for the Cannabist...

Online Auction Oct. 25 For Skymint Receivership Property And Cannabis

Gene R. Kohut of Trust Street Advisors, as court-appointed receiver of Green Peak Industries (aka Skymint), will conduct an auction for the sale of cannabis equipment and/or personal property assets owned by Skymint, one of the largest network of...

Redford Township Cannabis Licensing Turns Into 3-Week Campout For Applicants

Oct 10, 2024 | Great Lakes Region, Michigan

In one of the last metro Detroit communities to open its doors to retail marijuana businesses, the process of applying for a license is a war of attrition. Dozens of eager applicants have been lined up day and night for three weeks outside of the Redford...

Michigan Cannabis Market Hits Record Sales Amid Low Weed Prices And Rise In Cultivation Licenses

Oct 9, 2024 | Feature, Great Lakes Region, Michigan

Ohio Adult-Use Sales Near $100 Million In First Two Months

Oct 9, 2024 | Feature, Great Lakes Region

Senator Paul Introduces Bill That Would Increase THC Limit In Hemp To 1 Percent

Oct 9, 2024 | National

U.S. Sen. Rand Paul, a Kentucky Republican, has introduced a bill in Congress that would raise the THC level on hemp products and lightly regulate them nationally. The Hemp Economic Mobilization Plan (HEMP) Act, among other requirements, would define “hemp” as...

Online Auction Oct. 25 For Skymint Receivership Property And Cannabis

Oct 9, 2024 | Feature, Great Lakes Region, Michigan

Study: Sustained Use of Medical Cannabis Is Not Associated With Changes in Either Brain Morphology or Cognitive Performance

Oct 9, 2024 | National

Adults who regularly consume medical cannabis products do not experience any significant adverse changes in either brain morphology or cognitive performance, according to longitudinal data published in the journal JAMA (Journal of the American Medical...

Court Ruling Deals Blow To Michigan’s Cannabis Black Market And Could Lead To Higher Legal Prices

Oct 9, 2024 | Feature, Great Lakes Region, Michigan

The Michigan Appeals Court effectively plugged a loophole in Michigan’s marijuana laws in a Tuesday ruling, unrestricting prosecutors' ability to pursue felony charges against individuals possessing and distributing large amounts of marijuana without a state-issued...

Michigan Ranked 12th Among States With The Highest Weed Consumption In The US

Oct 9, 2024 | National

The United States of America is the country that smokes the most weed in the world. As we mentioned in our article – 20 Cities with the Highest Weed Consumption in the US – the American legal cannabis industry fared well in 2023 as legal sales...

Cannabis Market Update: Is This The Bottom You Were Waiting For?

Oct 9, 2024 | National

Without question, the US cannabis industry is in trouble, at least if you judge from the continuing closure of cultivation facilities and dispensaries and stock prices of the companies in our portfolio purchased in January 2022. At that time, StockWatchIndex (SWI)...

What Will The CBD Landscape Look Like If Congress Forces FDA To Finally Write Rules?

Oct 9, 2024 | National

With a suite of bipartisan bills moving through Congress that could be pillars in a regulatory framework for CBD, what would it look like if they all became law? First of all, should any or all of the measures pass, the U.S. Food and Drug Administration (FDA)...