News and Information about the Business of Cannabis

As Michigan’s Cannabis Market Continues To Grow, Health Problems Grow With It

In the five years since Michigan legalized adult-use cannabis, the plant and its effects — positive and negative — have received increasing attention and mainstream acceptance. As cannabis has emerged from the shadows, more products have entered the market,...

Michigan Eclipses $10 Billion In Adult-Use Cannabis Sales Since Went Legal In 2019

Michigan licensed retailers sold $264.7 million in adult-legal cannabis in December pushing Michigan past the $3 billion annual sales mark for 2024, to $3.27 billion, the Cannabis Regulatory Agency reported. That represents a 9.9% increase from the $2.98...

Webinar: Navigating Wholesale Payment Challenges In The Industry With LeafLink

The Cannabis Regulatory Agency Webinar CRA is hosting on Jan. 16 featuring Matt Hutchinson, chief product officer of LeafLink, who will explain how to navigate wholesale payment challenges. According to Hutchinson, there are endless factors separating the...

Recreational Cannabis Proposal Nixed By Howell Voters

Nov 6, 2024 | Feature, Great Lakes Region, Michigan

It's not clear where the initiative originated, but voters in Howell declined the opportunity to welcome recreational marijuana on Nov. 5. In a close call, 52.42% of voters struck down the proposal, placed on the ballot after a Michigan Court of Appeals decision ruled...

Stylish, Black-Owned Simply Loud Dispensary Opens In Detroit’s Milwaukee Junction

Nov 6, 2024 | Feature, Great Lakes Region, Michigan

A Black-owned dispensary in Detroit’s Milwaukee Junction hosted its grand opening Nov. 2 with plenty of giveaways, food, and live music. Simply Loud, located at 216 E. Milwaukee Ave., carries hundreds of products, including 260 types of vape cartridges and...

DEA Picks 25 To Participate In Cannabis Rescheduling Hearing

Nov 6, 2024 | Feature, National

The U.S. Drug Enforcement Administration has contacted 25 “designated participants” to testify at a Dec. 2 hearing about marijuana rescheduling, according to documents obtained by MJBizDaily. Before marijuana can be moved from Schedule 1 to Schedule 3 of the...

Study: Cannabis Edibles Reduce Chronic Lower Back Pain

Nov 6, 2024 | National

The consumption of cannabis-infused edible products, particularly those that are higher in THC content, provides acute relief for patients with chronic lower back pain, according to data published in the journal Frontiers in Pharmacology. Researchers...

Florida Voters Reject Marijuana Legalization Ballot Measure Endorsed By Trump And Opposed By DeSantis

Nov 6, 2024 | National

Florida voters have rejected an initiative to legalize marijuana for adult use. While the measure got a clear majority of votes, it failed to achieve the steep 60 percent vote threshold needed to pass a constitutional amendment under state law. The initiative did...

Cannabis Regulatory Agency Now Accepting Applications For FY 2025 Social Equity Grant Program

Nov 1, 2024 | Feature, Great Lakes Region, Michigan

During the last fiscal year, 62 Michigan social equity licensees received over $16,000 each through the Cannabis Regulatory Agency’s (CRA) Social Equity Grant Program (SEGP). The CRA is excited to announce that the SEGP will be returning again this fiscal year, and...

Auction To Sell The Last Of Skymint’s Equipment Nov. 12-13

Oct 30, 2024 | Feature, Great Lakes Region, Michigan

A two-day auction is scheduled for next month to sell the remaining equipment assets formerly owned by defunct Skymint, which entered receivership in March 2023 after defaulting on loans. Robert Levy Associates and Solid Asset Solutions on Monday said in a news...

Cannabis On The Ballot In Three Oakland County Cities

Oct 30, 2024 | Feature, Great Lakes Region, Michigan

Cannabis is on the ballot in three Oakland County communities. Legislation allows municipalities to ban or restrict marijuana businesses from opening in their communities. Three Detroit-area communities will decide if cannabis dispensaries can open within their...

FBI: Cannabis-Related Arrests Comprised More Than 40 Percent of All Drug Arrests In A Dozen States In 2023

Oct 29, 2024 | National

Marijuana-related arrests far outpace arrests for other drug-related violations in jurisdictions where its possession and use remains illegal. In three states (Iowa, Louisiana, and Nebraska), more than half of all drug-related arrests reported by local law enforcement...

Ohio Cannabis Sales Per Week Grew In October

Oct 29, 2024 | Great Lakes Region

The average adult-use marijuana sales per week in Ohio is averaging around $11.2 million so far in October, according to data from the Ohio Division of Cannabis Control through Oct. 19. That’s a slight improvement over average adult-use sales per week of approximately...