The Business of Cannabis

Michigan Recreational Marijuana Sales Near $440 Million In First Year Legal

Dec 2, 2020 | Feature, Great Lakes Region, Michigan

Recreational marijuana dispensaries in Michigan rang up nearly $440 million in sales in their first year of business. Since the adult-use market launched on Dec. 1, 2019, 191 recreational dispensaries have opened, generating $73 million in excise and sales taxes for...

September 2020 Legal U.S. Cannabis Product Demand Continues To Grow

Dec 2, 2020 | National

Growth in demand for legal cannabis products in the United States in September was lower than the previous month, continuing a new trend of slow growth markedly different from the rapid rise in sales we experienced in the spring and early summer, According to Anderson...

United Nations Approves WHO Recommendation To Reschedule Cannabis In Historic Vote

Dec 2, 2020 | National

The United Nations Commission on Narcotic Drugs (CND) on Wednesday accepted a World Health Organization (WHO) recommendation to remove cannabis and cannabis resin from Schedule IV of the 1961 Single Convention on Narcotic Drugs. The historic vote in Vienna could have...

Whole Foods CEO Makes Case For Small Marijuana Operators

Dec 2, 2020 | National

John Mackey’s keynote address and his fireside chat with MJBizDaily CEO Chris Walsh as well as other MJBizCon 2020 content is available on demand. At a time when large multistate marijuana operators are ascending to new heights, Whole Foods Market co-founder and...

Michigan’s Recreational Cannabis Industry Marks First Anniversary After Incredible Year

Dec 2, 2020 | Great Lakes Region, Michigan

Since December 1, 2019, the fledgling adult-use industry has accounted for nearly a half-billion dollars in sales, and based on the most recent figures that show weekly sales near or exceeding $13 million, the industry is closing on projected annual sales in excess of...