GREAT LAKES CANNABIS STOCK TICKER
2025 Forecast: Up To One Third Of Growers Could Go Out Of Business In Michigan
Last year was nothing short of a rollercoaster for Michigan’s 5-year-old legal cannabis industry, but 2025 is shaping up to be even more turbulent. Industry insiders are bracing for volatility that could wipe out 20 to 30% of growers. The state’s legal market brought...
Cannabis Smell From HiCloud Outdoor Grow Triggers Lawsuit
A West Michigan couple, who have been outspoken against the state’s legal marijuana industry, are suing the state’s top cannabis regulator, their local township leaders and a business for expanding its outdoor marijuana grow operations near their home. The lawsuit,...
Former High Times Chairman Adam Levin Agrees To Plead Guilty In Criminal Conspiracy Case
The founder and chairman of Hightimes Holding Corp., the company that publishes High Times magazine, has agreed to plead guilty to joining a criminal conspiracy to pay more than $150,000 in undisclosed compensation to an analyst for an investment newsletter that...
New Tolling Transfer Type In Metrc
The Cannabis Regulatory Agency announced the launch of a new transfer type in Metrc this month: the tolling transfer. The tolling transfer allows licensees to attach a PDF copy of the tolling agreement to the manifest for easier tracking. The CRA’s Financial...
U.S. Court Upholds Restrictions on delta-8, and delta-10 Hemp In Virginia, As Farm Bill Looms
A U.S. appeals court has upheld a Virginia law that strictly limits the sale of intoxicating hemp products. The decision marks a significant blow to the hemp industry’s legal challenges against state regulations, affirming that Virginia’s law does not conflict with...
Marijuana Rescheduling Runs Into Roadblock
A Drug Enforcement Administration (DEA) judge canceled an upcoming hearing on the Biden administration’s marijuana rescheduling proposal pending appeals, effectively kicking the process to the Trump administration. Advocates of more lenient marijuana laws...
Cannabis Industry: EGLE Says Don’t Forget About Your Environmental Permits
With the new year well underway, the Michigan Department of Environment, Great Lakes, and Energy (EGLE) wants to remind you of your regulatory obligations as part of the cannabis industry. Regardless of your license status under the state's Cannabis Regulatory...
Receiver Appointed For Red White & Bloom Cannabis
A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands. PharmaCo, which was acquired in February 2022 by Red White & Bloom subsidiary...
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, and with...
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 billion in...
