News and Information about the Business of Cannabis
Michigan’s April Cannabis Sales Top $275 Million, Down $10 Million From March
The Cannabis Regulatory Agency reported Wednesday that $278,546,443 in marijuana and marijuana products sold legally in April, down about $10 million from the record $288 million sold In March. Medical cannabis sales represent 0.8% of Michigan’s overall marketplace so...
Michigan’s Cannabis Regulatory Agency Recalls Flavor Galaxy’s Infused Pre-Rolled Joints
Michigan's Cannabis Regulatory Agency is recalling infused pre-rolled joints made by the Hazel Park-based cannabis producer Flavor Galaxy, the agency said Wednesday. The agency is recalling more than 1,000 units of infused pre-rolled joints after it found Flavor...
Divided Supreme Court Rules No Quick Hearing Required When Police Seize Property In Drug Crimes
A divided Supreme Court ruled Thursday that authorities do not have to provide a quick hearing when they seize cars and other property used in drug crimes, even when the property belongs to so-called innocent owners. By a 6-3 vote, the justices rejected the...
Michigan Supreme Court Hears Oral Arguments On Warren Marijuana Case
The Michigan Supreme Court heard oral arguments Wednesday morning in a case alleging Warren’s Marijuana Review Committee violated the state Open Meetings Act multiple times. Plaintiffs in the case, Pinebrook LLC et. al. vs. City of Warren and Livwell Michigan LLC et,...
Lapeer Homeowners Urge City To Take Action To Stop Oder From Nearby Cannabis Grow
Residents of Lapeer are expressing growing concern over the pervasive smell of cannabis emanating from a local grow facility. At a recent Lapeer City Commission meeting, former judge Mike Higgins, now a resident of Andrews River Estates, voiced these concerns on...
Marijuana Hospitalizing Michigan Kids At Worrisome Rate After Legalization
In the five years since Michigan voters approved recreational pot, cannabis culture has engulfed everyday life, especially in Detroit. Billboards promising speedy weed delivery are everywhere. So too is a distinct skunky smell that lingers on streets, alleyways, and...
With Cover Of Rescheduling, MSOs Already Trying To Seize 280E Tax Savings
Publicly traded cannabis companies are looking to their tax returns to save tens of million of dollars this year – and possibly recoup taxes paid in previous years. Another spate of announcements from multistate operators that have begun amending their federal returns...
DEA: Average THC Potency Of Illicit Marijuana Flower Is 16 Percent
The 16% potency is an increase of 29% from 2021, according to the DEA. “The potency of THC in leafy marijuana is at an all-time high, increasing the potential risk of negative effects on users of any form of the drug, and on children who may consume edibles made with...
Poll: Majority Of Americans Have Tried Marijuana And Say It Should Be Legal
Most adults acknowledge having consumed cannabis and six in ten say that the substance should be legal nationwide, according to survey data provided by YouGov. Fifty-seven percent of respondents said that they had consumed cannabis during their lifetimes. Of...
Cannabis Vertical C3 Industries Gets $16M Investment For Grow In Connecticut
C3 Industries, a milti-state cannabis company headquartered in Ann Arbor, has received a $16 million investment in a grow facility in Connecticut. C3 also has operations in Illinois, Michigan, Missouri, Massachusetts and New Jersey. The investment was made by New Lake...
- Canadian Marijuana Company Rubicon Organics Reports Flat Revenue, Adjusted EBITDA Loss, Provides Positive Outlook
- TILT Holdings Q1 Revenue Down, Net Loss Up Due To Lower Prices, Optimistic On Rescheduling, Plans To Address Debt
- Delta 9 Cannabis' Q1 Revenue Drops Slightly YoY, Gross Profit Grows 10%
- Cannabis-Focused Software Co. Springbig Sees Slight Q1 Revenue Decline But Improves Net Loss, Keeps Full Year Financial Guidance
- Revolutionizing Cannabis In New Jersey: Top Legal Expert Jennifer Cabrera Speaks
- US Cannabis Edibles Brand Enters Japanese CBD Market, KANHA Launches New Wellness Lines In Land Of The Rising Sun
- Schwazze's Q1 2024 Financial Results: Takes A Hit In Colorado, Overall Cannabis Sales Up By 9%
- cbdMD's Financial Results: Cost-Cutting Measures For Positive Cash Flow Amid Increasing Losses
- California Cannabis Co. Gold Flora Reports 150% YoY Increase In Q1 Gross Profit, Trims Loss Sequentially
- Willie Nelson Is Publishing His First-Ever Cannabis Cookbook That Will 'Smoke The Competition'