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...

20 Hemp Fiber Processors Now Online In U.S.

U.S. hemp fields are expected to reach 50,000 acres by 2028 as production expands at a rate of 34% per year and processing infrastructure continues to expand, according to projections from Denver-based analyst PanXchange. That means the projected value of...

2023 Farm Bill: The Future of Hemp

Hemp is a small part of the Farm Bill. And for decades, it wasn’t part of the Farm Bill at all. Hemp was included within the definition of “marijuana” in the Controlled Substances Act and, like its sister cannabis plant, was a Schedule I controlled substance. Starting...

New York State: Push To Prepare New Cannabis Workforce

Creating a brand-new industry from the ground up is no small task. Yet that is what New York State is doing with the cannabis industry. It hasn't always been a smooth ride. Late last year, litigation temporarily derailed Conditional Adult-Use Retail Dispensary...

Big Cannabis Bust In Northern Michigan

State Police busted a major marijuana grow operation in northern MIchigan on the state's east side. Michigan State Police said it executed a search warrant in Ogemaw County, more than an hour north of Saginaw. Working in cooperation with the county prosecutor's...

Michigan’s Plummeting Cannabis Prices

It’s no secret that price compression has become a significant challenge for cannabis operators over the last several months. One market that has taken a hit with plummeting prices is Michigan. In December 2022, the average retail price for an ounce of adult-use...