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 22, 2023 | Great Lakes Region, Michigan
Last week, five young men from downstate were arrested after allegedly burglarizing a Bay County marijuana store then leading police on a two-county chase. The pursuit ended after the alleged thieves’ crashed their stolen truck into a civilian’s vehicle, then were...
Mar 22, 2023 | Great Lakes Region, Michigan
In an explosively charged meeting, the Menominee City Council voted 6-3 Monday on a resolution expressing the city council’s desire to pass an ordinance to authorize seven marijuana businesses in Menominee. Mayor Jean Stegeman, Donna Marineau and Michael DeDamos voted...
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...
