Mar 29, 2023 | Feature, Great Lakes Region, Michigan
The federal investigation into the licensing of medical marijuana businesses in Michigan has ensnared a high-profile Republican political operative who once took credit for “shaping” the law that created the ground rules for the industry. Steve Linder, a...
Mar 22, 2023 | Feature, Great Lakes Region, Michigan
City of Detroit officials are celebrating the opening of the first adult-use cannabis dispensary that is part of a social equity program designed to ensure that Black residents are represented in the legal marijuana industry. Nuggets Cannabis, a Black-owned family...
Mar 22, 2023 | Feature, Great Lakes Region, Michigan
The struggling Michigan market evaporated profits for Canada’s TerrAscend Corp., one of the world’s largest marijuana companies. The publicly-traded company recorded a $332.5 million loss in 2022, largely due to $311.1 million in impairment charges tied to its...
Mar 22, 2023 | Feature, Great Lakes Region, Michigan
According to a Pew Research Survey conducted in October last year, nearly nine in ten adults (88%) say cannabis should be legal. Six in ten (59%) supported both medical and adult-use, while an additional three in ten (30%) supported medical use only. Just...
Mar 22, 2023 | Feature, Great Lakes Region, Michigan
The news of Green Peak Industries, which operates under the brand name Skymint and went into receivership earlier this month is the most notable of Michigan companies in receivership – at least four other well-known companies are struggling. According to...
Mar 20, 2023 | Feature, Great Lakes Region, Michigan
Michigan legal cannabis sales in February reached $216.4 million, up 4.4 percent from January, and almost 40 percent from February 2022. February sales totals also were the highest for any month in the past 12. The data comes from the February Michigan Cannabis...
