The Business of Cannabis

20 Hemp Fiber Processors Now Online In U.S.

Feb 25, 2023 | National

U.S. hemp fields are expected to reach 50,000 acres by 2028 as production expands at a rate of 34% per year and processing infrastructure continues to expand, according to projections from Denver-based analyst PanXchange. That means the projected value of...

Pfizer Enters $6.7-Billion Acquisition Deal With Cannabis Pipeline

Feb 25, 2023 | National

While Pfizer Inc. has become ubiquitous among those receiving COVID-19 vaccines, the American multinational pharmaceutical and biotechnology company is now betting on the cannabis industry. Last week, Pfizer announced it entered into a definitive agreement...

Kansas Groups Urge Lawmakers To Legalize Cannabis After Cancer Patient Ticketed For Use

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

After the national spotlight was put on Kansas when police ticketed a cancer patient for his use of marijuana to soothe his symptoms, groups around the state will converge on the Statehouse to urge lawmakers to legalize the plant. The ACLU of Kansas says that from 10...

Big Cannabis Bust In Northern Michigan

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

State Police busted a major marijuana grow operation in northern MIchigan on the state’s east side. Michigan State Police said it executed a search warrant in Ogemaw County, more than an hour north of Saginaw. Working in cooperation with the county...

Michigan’s Plummeting Cannabis Prices

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

It’s no secret that price compression has become a significant challenge for cannabis operators over the last several months. One market that has taken a hit with plummeting prices is Michigan. In December 2022, the average retail price for an ounce of adult-use...