The Business of Cannabis

What to Know About Medicare’s Hemp-Derived Product Program

Under the program announced on April 1, "eligible hemp-derived products can be incorporated into patient care plans under clinician guidance, consistent with model requirements and applicable law," CMS said in a press release. However, the program will...

Experts: Expanded Cannabis Access In Las Vegas May Benefit Gaming Industry

Experts in gaming, cannabis policy, and state government say expanding access to legal, regulated cannabis in Las Vegas could bolster tourism. It could also support the broader gaming industry. This is especially important as visitation softens. Moreover,...

Eastern North Carolina Senator’s Bill Would Put Marijuana Legalization On November Ballot

Voters in North Carolina could decide the future of marijuana after Senate Democrat Kandie Smith of Greenville and two colleagues introduced Senate Bill 1072 on Monday. The legislation is intended to bypass years of legislative gridlock by placing...

Psychedelics Move Into The Spotlight

Psychedelic drugs may be having a moment in Michigan and nationwide. In April, President Donald Trump signed an executive order making them available to treat mental health conditions including depression and anxiety.   And in Michigan, the Democratic Party...

Canopy Growth Sells Property, Assets in Bid to Raise Cash

Beleaguered Canada-based Canopy Growth Corp. announced Thursday that it sold one of its California facilities in the town of Modesto. The sale brings Canopy to C$81 million in income from unloading five total properties since April 1, as the company scrambles to deal...

Menominee Allows Unlimited Marijuana Licenses

Menominee City Council voted 5-3 last Thursday to pass a law allowing unlimited marijuana licenses. Council Members Joe Dulak, Josh Jones, Jackie Nutter, Bill Plemel and Doug Robinson voted for the ordinance. Michael DeDamos, Donna Marineau and Mayor Jean Stegeman...

Magic Mushroom Use By Young Adults Nearly Doubled In Three Years

Consumption of “magic” mushrooms and other hallucinogens by young adults nearly doubled over the past three years, a new study has found, illustrating the accelerating pace of America’s “psychedelic revolution” and growing societal acceptance of mind-altering...