The Business of Cannabis

Pontiac Gets Its First Cannabis Dispensary Years After Legalization Delays

Pontiac is finally entering Michigan’s recreational cannabis market more than six years after sales began statewide with the opening of Kulture 81, the city’s first licensed dispensary. The provisioning center, located inside a converted building at 81 N....

Michigan’s New 24% Marijuana Tax — When 1st Payment Is Due, What Businesses Need To Know

The Michigan Department of Treasury released new guidance, explaining how the new 24% wholesale marijuana tax works and what cannabis businesses need to do as quarterly payments begin this year. The tax took effect on Jan. 1, 2026, and applies to the first...

Marijuana Not Allowed On Campus, University Of Michigan Warns Ahead Of Hash Bash

The University of Michigan is allowing the annual Ann Arbor Hash Bash to take place once again on the Central Campus Diag on Saturday, April 4. But marijuana isn’t allowed, the University of Michigan Police Department is warning ahead of the event. While...

Popular Hemp Products Set To Be Banned In Texas By End Of The Month Under New State Rules

Popular smokable hemp products are set to be effectively banned by the state of Texas at the end of March under new rules put in place by the Department of State Health Services, causing a ripple effect on the consumers who use them and the businesses that...

MedMen Declares Bankruptcy With $410M In Debt

California’s first cannabis company valued at over a billion dollars appears to have completed its long descent into failure. MedMen, once hailed as the “Apple Store of weed,” declared bankruptcy last week, according to a press release published by...