The Business of Cannabis

More Cannabis Licensing 0ptions, Lower Fees Coming

Sep 8, 2021 | Feature, Great Lakes Region, Michigan

Michigan on Monday released a set of proposed marijuana industry rules that would add two new license types and reduce fees and costs for obtaining and renewing licenses. The 116 pages of rules are available for review and the state Marijuana Regulatory Agency is...

Cannabis Industry Booming, Black Americans Find Price Of Entry Steep

Sep 8, 2021 | National

Cannabis is a booming industry and the Covid-19 pandemic has, if anything, helped. The legal cannabis industry now accounts for 321,000 full-time jobs across the 37 states with legal medical or adult use markets, according to the cannabis information site Leafly’s...

Another Tribe Entering Michigan’s Recreational Cannabis Market

Sep 1, 2021 | Great Lakes Region, Michigan

The Grand Traverse Band of Ottawa and Chippewa Indians in Michigan joined the state’s recreational cannabis market. According to the Record Eagle of Traverse City, a tribal ordinance approved in 2019 by members went into effect on Aug. 29 and will allow...

TerrAscend To Buy Gage In $545 Million Deal

Sep 1, 2021 | Feature, Great Lakes Region, Michigan

In what appears to be one of the first big cannabis consolidations in Michigan, Canadian-based TerrAscend plans to enter Michigan’s rapidly growing cannabis market through the acquisition of Detroit-based Gage Growth in an all-stock deal reportedly worth $545...

The Cannabinoid CBN Might Be Cannabis Industry’s Surprise Hit

Sep 1, 2021 | National

While delta-8 THC is certainly stealing the spotlight, CBN might just be the sleeper cannabinoid of the summer – pun intended. Over the past year, cannabis companies have been leveraging the compound’s reputation as a sleep aid with growing success. Also known as...