The Business of Cannabis

Petoskey Begins Review On 16 Marijuana Applications

Apr 29, 2020 | Feature, Great Lakes Region, Michigan

 Since Monday, prospective business owners have filed 13 more applications for marijuana provisioning centers in Petoskey. That means Petoskey officials will have to use a raffle system — in addition to their extensive review process — to determine which three...

Sweeping Weedmaps Subpoena Underscores US Government’s Continued Scrutiny Of Marijuana Industry

Apr 29, 2020 | National

When the U.S. marijuana industry learned of a federal grand jury subpoena served to Weedmaps owner Ghost Management Group, the news was an eye-opener for many in the business. The story, first reported by MarketWatch in early March, noted that a...

High Times Move Into Cannabis Retail Spending $80 Million To Buy 13 California Provisioning Centers

Apr 29, 2020 | National

The owner of pioneering cannabis magazine High Times said Tuesday it is acquiring 13 operating and planned marijuana retail stores in California for $80 million. The purchase, which is being made mostly in stock, reflects an aggressive move into retail under the...

Houghton Passes Zoning Ordinance For Adult-Use Provisioning Centers

Apr 28, 2020 | Feature, Great Lakes Region, Michigan

Recreational marijuana retailers still are not allowed in Houghton, but an ordinance approved Wednesday will regulate where they could go.  In a 4-3 vote, the Houghton City Council approved the ordinance, which imposes similar restrictions on location to the ones on...

California Offers Marijuana Companies Tax-Related Help To Cope With COVID-19

Apr 28, 2020 | National

California’s struggling cannabis industry, beset with high compliance costs and taxation, is in line to benefit from new state guidelines enacted to help businesses survive the global coronavirus pandemic. The assistance – a mix of extensions, relief and deferrals –...