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...

Ohio Still Slow To Adapt Cannabis Business Regulations In Its Competition With Michigan

Oct 29, 2024 | Great Lakes Region

They call it the Green Mile on I-75 North, just 11 miles north of the Ohio border in Michigan south of Detroit where several dispensaries compete for out of state cannabis business, including Ohio’s. As Ohio works on its 7th iteration of regulations...

JARS To Celebrate Grand Opening At UP Store Nov. 1

Oct 29, 2024 | Feature, Great Lakes Region, Michigan

JARS Cannabis, Michigan’s top-rated cannabis retailer, invites the media and surrounding community to attend a grand opening celebration at its new Iron River store on Friday, November 1, 2024. To commemorate this milestone, the event will feature up to 40% off...

Cannabis Regulatory Agency Invites New Members To Join The Diversity, Equity, And Inclusion Workgroup

Oct 25, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency (CRA) is adding members to the standing Diversity, Equity, and Inclusion Workgroup (DEIW) to empower stakeholders to take ownership in the programs that directly impact their communities and to continue to guide the Agency on issues...

Annual Financial Statements With Grapp Lerash

Oct 25, 2024 | Feature, Great Lakes Region, Michigan

Kaleb Grapp, CPA and partner, and Jennifer Burkhart, CPA and attest manager, at Grapp Lerash will discuss some of the most common items of interest in the Annual Financial Statement (AFS) as well as talk through best practices for maintaining AFS-ready books and...

Study: Cannabis Provides Sustained Benefits for Fibromyalgia Patients

Oct 25, 2024 | National

Patients with fibromyalgia (FM) report symptom improvements following their use of medical cannabis preparations, according to observational data published in the Journal of Pain & Palliative Care Pharmacotherapy. British researchers...

National Hemp Association Gets $19.6 Million To Implement Climate-Smart Hemp Farming

Oct 25, 2024 | National

The National Hemp Association (NHA) has been awarded $19.6 million from the U.S. Department of Agriculture (USDA ) to lead a project aimed at protecting the Chesapeake Bay Watershed through climate-smart hemp farming. The initiative, which will see hemp cultivated on...

Michigan Poll: Older Adults Use Cannabis To Improve Sleep, Reduce Pain, Alleviate Mental Health Issues

Oct 23, 2024 | National

While cannabis has historically been more popular with younger groups, a growing number of older adults are turning to the drug for a variety of reasons — but are the potential benefits worth the risk? A recent poll by the University of Michigan National...

Rick Johnson, Ex-Michigan House Speaker, Denied Plea to Leave Prison Early

Oct 23, 2024 | Feature, Great Lakes Region, Michigan

Former Michigan House Speaker Rick Johnson on Wednesday lost his latest attempt to leave federal prison years early when a federal judge denied his request for compassionate release based on health problems. U.S. District Judge Jane Beckering said the 71-year-old...

What Happens To Michigan’s Thriving Cannabis Market Under The Next President?

Oct 23, 2024 | Feature, Great Lakes Region, Michigan

Michigan’s marijuana industry has grown significantly since adult recreational use was legalized by voters in 2018. But the direction it goes in the future may depend on what happens next at the federal level. Michiganders are talking about what kind of presidential...

Owners Of Smoke Shops In Ohio, 2 Other States, Indicted On Racketeering, Trafficking Charges

Oct 23, 2024 | Great Lakes Region

The co-owners of approximately 100 smoke shop locations in Ohio, Kentucky and Indiana have been indicted on multiple counts of trafficking in cannabis-related substances as well as racketeering charges related to the sale of products containing THC, which their...