The Business of Cannabis

Congressman Blasts Federal Government’s ‘Hopelessly Out Of Step’ Marijuana Policy In Comments To Top Health Official

Mar 29, 2023 | National

The federal government is “hopelessly out of step” with the American public on marijuana legalization, a congressman said on Tuesday, addressing the head of the U.S. Department of Health and Human Services (HHS). At a hearing before the House Ways & Means...

Marijuana MSO TerrAscend Could List On Toronto Stock Exchange By Summer

Mar 22, 2023 | Canada

Marijuana multistate operator TerrAscend Corp. could become the first U.S. plant-touching company to list on the Toronto Stock Exchange by this summer if the restructuring plan it shared with shareholders and analysts wins TSX approval. And if the company is...

First Black-Owned Detroit Legacy Cannabis Dispo Opens Under Social Equity Program

Mar 22, 2023 | Feature, Great Lakes Region, Michigan

City of Detroit officials are celebrating the opening of the first adult-use cannabis dispensary that is part of a social equity program designed to ensure that Black residents are represented in the legal marijuana industry. Nuggets Cannabis, a Black-owned family...

TerrAscend Contends It Overpaid For Gage Cannabis

Mar 22, 2023 | Feature, Great Lakes Region, Michigan

The struggling Michigan market evaporated profits for Canada’s TerrAscend Corp., one of the world’s largest marijuana companies. The publicly-traded company recorded a $332.5 million loss in 2022, largely due to $311.1 million in impairment charges tied to its...

More Americans Are Seeing Green

Mar 22, 2023 | Feature, Great Lakes Region, Michigan

According to a Pew Research Survey conducted in October last year, nearly nine in ten adults (88%) say cannabis should be legal. Six in ten (59%) supported both medical and adult-use, while an additional three in ten (30%) supported medical use only. Just...