The Business of Cannabis

Menominee Cannabis Companies Warn City Council Not To Approve More Dispensary Licenses

Apr 25, 2023 | Great Lakes Region, Michigan

The marijuana companies chosen by Menominee to receive recreational licenses warned the city council last Monday that giving out more licenses now would cause more legal fights. They asked why the city would pursue a settlement when the judge has a a court hearing...

Rick Johnson Pleads Guilty To Federal Cannabis Corruption Charges

Apr 25, 2023 | Feature, Great Lakes Region, Michigan

Former Michigan House Speaker Rick Johnson pleaded guilty to federal corruption charges in a Grand Rapids courtroom Tuesday, as the judicial fallout from a medical marijuana bribery scandal in the state continues to unfold. Johnson, 70, was...

Silicon Valley Bank Takeover By Hemp Friendly Bank Could Help More Hemp Producers

Apr 25, 2023 | National

The takeover of Silicon Valley Bank (SVB) branches by First Citizens Bank could help hemp companies in a number of states where the North-Carolina-based regional bank previously had no presence. With its purchase of the failed California bank’s assets last...

Hemp Groups Align On 2023 Farm Bill Priorities, Including CBD Regulation

Apr 25, 2023 | National

Thirty-one nonprofit organizations, including major U.S. hemp groups, have aligned in support of a unified legislative agenda for hemp in the 2023 Farm Bill. A document unveiled Monday, April 24, identifies nine policy priorities for Congress, including requiring...

GOP Congressman Files Bill To Allow Marijuana Consumers To Buy Guns

Apr 22, 2023 | National

A Republican congressman filed a bill on Thursday’s 4/20 cannabis holiday to protect the Second Amendment rights of people who use marijuana in legal states, allowing them to purchase and possess firearms that they’re currently prohibited from having under federal...