Stone Road Farms Launches Products in Michigan
California-based Stone Road Farms has landed in Michigan. The launch in Michigan follows similar moves in Massachusetts and Oklahoma, and this time around Stone Road Farms teamed up with Cheboygan-based Gamut Cannabis for the entrance into the Great Lakes region. It’s...
Lansing Power Players, Secret Deals Draw Feds’ Attention In Marijuana Probe
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 longtime...
Congressman Blasts Federal Government’s ‘Hopelessly Out Of Step’ Marijuana Policy In Comments To Top Health Official
The federal government is “hopelessly out of step” with the American public on marijuana legalization, a congressman said on Tuesday, addressing the head of the U.S. Department of Health and Human Services (HHS). At a hearing before the House Ways & Means...
Marijuana MSO TerrAscend Could List On Toronto Stock Exchange By Summer
Marijuana multistate operator TerrAscend Corp. could become the first U.S. plant-touching company to list on the Toronto Stock Exchange by this summer if the restructuring plan it shared with shareholders and analysts wins TSX approval. And if the company is...
First Black-Owned Detroit Legacy Cannabis Dispo Opens Under Social Equity Program
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...
TerrAscend Contends It Overpaid For Gage Cannabis
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...
More Americans Are Seeing Green
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...
Skymint Not The Only Michigan Cannabis Company In Receivership
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 Michigan...
$80 Ounces In Michigan, $4 Grams In Oregon – How Low Can Marijuana Industry Go?
The 2023 Recreational Marijuana Supply and Demand Legislative report from the Oregon Liquor and Cannabis Commission states that per-gram cannabis prices in Oregon have decreased by 16% from the previous year, reaching an all-time low of $4. According to the OLCC,...
Five Suspects In Bay County Marijuana Shop Burglary, Police Chase Charged With 27 Counts
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...
