The Business of Cannabis

A Deep-Rooted History of Hemp in the U.S., More Than 80 Years After the Marijuana Tax Act

May 13, 2026 | National

When you think of hemp, does your brain conjure up imagery of beatniks, hippies, or hipsters? You might not be wrong, but hemp’s history in the United States is way more deeply rooted than that. Before it became known as a popular wellness supplement, it was used in...

THC Drinks Move Into Mainstream Retail — Target Adds Them To 300+ Stores

May 13, 2026 | Feature, National

Target is significantly expanding its intoxicating hemp beverage sales, adding THC drinks to more than 300 stores across Florida, Texas and Illinois as mainstream retailers continue pushing deeper into the fast-growing category, per BevNET. The rollout will...

Does The US Farm Bill Ban Products Sold By THC, Hemp Businesses?

May 13, 2026 | Feature, National

Yes. The 2026 U.S. Farm Bill reclassifies the definition of intoxicating hemp and is expected to lead to the closure of businesses selling delta-9 THC and hemp-derived products as soon as November. The new rule bans the sale of products that have more than 0.4...

Arson Suspects Catch Fire Trying to Torch Pot Shop in Monroe, MI

May 13, 2026 | Great Lakes Region, Michigan

Sheriff’s deputies were called at about 1 a.m. Sunday to Pure Cannabis at 15311 South Dixie Highway near Dallas Road in Monroe for a report of a vehicle crash with a building. Investigators said a caller told dispatchers a...

Lansing Cannabis Grow Facility To Shut Down

May 13, 2026 | Feature, Great Lakes Region, Michigan

A large-scale marijuana grow operation in Lansing will cease operations on June 26, putting 94 people out of work. Ascend Wellness Holdings, Inc. told employees of the pending layoffs on April 27. “AWH will temporarily cease operations at its Lansing, Michigan...