Pot Stock Euphoria Vanishes As US Legalization Remains Elusive
The stock market’s marijuana boom is over. And for the once high-flying cannabis industry, a euphoric dream of never-ending growth has turned into a survival nightmare as it navigates through the bust. The comedown has been brutal, with the largest exchange-traded...
Four20 Post Women in Cannabis Leadership Honoree Brandi Rice-Simpson
Brandi Rice-Simpson started her cannabis journey in California in 2011 when she started Hemphill Wellness, focused mainly around educating consumers and testing. She partnered with Iron Labs and with caregivers across Michigan and brought tested cannabis to the...
Ohio Legislature Proposed Changes To Voter-Approved Recreational Cannabis Could Drive More Consumers To Michigan
A host of changes proposed by the Ohio legislature to heavily modify the voter-approved recreational cannabis laws, plus a doubling of the cannabis tax, could seriously impact the Ohio cannabis market and drive more consumers to Michigan, experts contend. On Feb. 26,...
Timber Cannabis Agrees To Pay Employees $205,000 Settlement Over Keeping Tips
A judge approved a deal Friday to try to solve a major buzzkill: Employees at a Michigan dispo chain said management was keeping tips left by happy customers. Timber Cannabis, which has seven locations, agreed to pay $205,000 to settle a lawsuit, though it admitted no...
House GOP Committee Approves Bill To Ban All Hemp Products With THC
A GOP-led House committee has approved a spending bill containing provisions that hemp stakeholders say would devastate the industry, prohibiting most consumable cannabinoid products that were federally legalized during the first Trump administration. Just...
CRA Education Session: Planning for Success and Regulatory Compliance in High Volume Multi-Channel Retail With Meadow
Max Esdale, COO, of Meadow, said many businesses struggle with scaling up while adding new sales channels such as online, phone, and kiosk ordering; or adding new fulfillment channels such as ordering for pickup, delivery, events, lounges, etc. In this webinar on...
Study: Hotels See Significant Boost In Revenue Following Cannabis Legalization
A new study exploring the impacts of adult-use marijuana legalization on the hospitality industry finds that “hotel revenue increases by 25.2% (or $63,671 monthly) due to dispensary legalization, with the effect continuing to grow even six years after legalization.”...
Struggling Michigan Pot Companies Bet The Farm On Risky Federal Tax Strategy Trying to Save Millions Of Dollars
Since early 2024, state-licensed cannabis companies in Michigan and across the country have been changing their approach to filing and paying federal taxes — specifically to claim exemption to a little-known 1982 provision in the Internal Revenue Code called Section...
4 Chinese Nationals Accused Of Running $5 Million Illegal Grow Near Tawas
Four Chinese citizens are facing charges in connection with a massive illegal marijuana growing operation discovered in Iosco County. Michigan State Police executed a search warrant Thursday at a warehouse in Alabaster Township. They located 5,057 marijuana plants...
$3 Billion In Cannabis Debt Coming Due, Lenders Zero In On Overleveraged Companies
As spurned lenders begin to encircle marijuana companies owing an estimated $3 billion in collective debt coming due soon, one overleveraged operator is resorting to what observers say are increasingly creative and desperate methods to protect assets from...
