The Business of Cannabis

Researchers Say They’ve Developed Hemp Grain, Fiber Varieties That Can Stand The Heat

Oct 14, 2024 | National

Researchers in Texas say they have developed hemp grain and fiber varieties suited to the state’s challenging climate. The team, at Texas A&M University, announced it is preparing to deliver its first set of hemp germplasms to the U.S. Department of Agriculture...

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

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 ounce...

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

Oct 9, 2024 | Feature, Great Lakes Region

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 Company,...

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...