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...
Mar 15, 2023 | Feature, FOUR20 Post, Great Lakes Region, Michigan
Brian Hanna, Executive Director of the Michigan Cannabis Regulatory Agency, joins Four20 Post Live to answer questions about CBD sales, adult-use sales, and his prediction that medical marijuana sales will make a comeback in 2023. If you are in the Michigan cannabis...
Mar 15, 2023 | Feature, Great Lakes Region, Michigan
Canadian-based cannabis lender SunStream Bancorp said it would keep existing Skymint employees and “certain key management” in place to keep Michigan’s second largest cannabis retailer running before it is either sold or restructured....
