The Business of Cannabis

Lume Cannabis Opens 27th Store In Michigan

Nov 12, 2021 | Great Lakes Region, Michigan

Lume Cannabis Co. opened its twenty-seventh Michigan store Nov. 12 in Mt. Pleasant. The opening comes on the heels of Lume hiring its one thousand employee on Oct. 25. “From hiring our 1,000th employee to opening more than a dozen stores, 2021 has been a fantastic...

The Industrial Hemp Industry: An 18.6 Billion Dollar Market by 2027

Nov 12, 2021 | National

According to the latest Allied Market Research Report, the technological advancements in cultivation and machinery able to develop hemp plants more efficiently will propel the global industrial hemp market to $18.6 billion by 2027, a compound annual growth rate of...

Gallup Poll: Americans’ Support for Marijuana Legalization Holds At Record High

Nov 12, 2021 | National

The percentage of Americans who believe that “the use of marijuana should be legal,” remains at a record high, according to nationwide polling data reported today by Gallup. Sixty-eight percent of respondents endorse legalization — the same level of support...

JP Morgan Chase Will No Longer Let Clients Buy Certain Cannabis Securities

Nov 12, 2021 | National

JPMorgan Chase & Co announced it will no longer let its prime brokerage clients buy certain U.S. cannabis-related securities, according to a letter outlined by Reuters. The move follows similar actions by Credit Suisse last May. The bank will not allow new...

Six Labs Brings Binske Products To Michigan

Nov 11, 2021 | Great Lakes Region, Michigan

Six Labs, a Michigan-licensed cultivator, announced that it has launched binske cannabis brand in Michigan through its network of retailers will carry binske flower and edible products, with more offerings to follow. Six Labs’ estimates that its agreement with binske...