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...

Mushroom Shaman Charged In $8 Million Fraud

Oct 16, 2024 | Great Lakes Region, Michigan

A shaman multiple aliases, a criminal record and a now-shuttered psychedelic mushroom church in Detroit has been arrested on federal fraud charges. “Shaman Shu,” as he refers to himself, is accused of masterminding a penny stock “pump-and-dump scheme” that defrauded...

Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling

Oct 15, 2024 | Feature, National

A groundbreaking court case filed in Massachusetts against U.S. Attorney General Merrick Garland has captured the attention of the cannabis industry, promising to potentially reshape its future. The lawsuit challenges the federal government's classification of...

Cannabis CEOs Greet Harris’ Legalization Plans With Cautious Optimism

Oct 15, 2024 | National

In a bid to win the support of Black men, an electorate reportedly on the fence for voting for her, Vice President Kamala Harris, the Democratic presidential candidate, is promising federal legalization for cannabis. If elected, Harris plans to “break down...

September Michigan Cannabis Sales $266.9 Million, Down 10 Percent From August

Oct 15, 2024 | Feature, Great Lakes Region, Michigan

After record-breaking Michigan August cannabis sales, September sales plunged nearly 10 percent, the Cannabis Regulatory Agency announced Monday. By the numbers, September sales were $266.9 million versus $294 million in August, with just 1 percent purchased by...

Cannabis Regulatory Agency Announces Next Statewide Municipality Summit October 29

Oct 14, 2024 | Feature, Great Lakes Region, Michigan

In response to the positive feedback from the statewide municipality summits held by the Cannabis Regulatory Agency (CRA), and in keeping with its commitment to engage in transparent communication with stakeholders, the CRA has announced the date and time for its next...

Cannabis Regulatory Agency Takes Disciplinary Action Against Licensees Throughout State

Oct 14, 2024 | Feature, Great Lakes Region, Michigan

Administrative formal complaints and disciplinary actions taken against adult-use/medical licensees in September are now available for review in the Cannabis Regulatory Agency’s September 2024 Disciplinary Action Report. This month’s disciplinary actions: Detroit 420...

The CRA’s Social Equity Grant Program Returns For Fiscal Year 2025

Oct 14, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency’s (CRA) social equity team is thrilled to announce that the Social Equity Grant Program (SEGP) will be returning for Fiscal Year 2025! One million dollars will be divided equally between entities that meet the following criteria and...

Researchers Say They’ve Developed Hemp Grain, Fiber Varieties That Can Stand The Heat

Oct 14, 2024 | National

Researchers in Texas say they have developed hemp grain and fiber varieties suited to the state’s challenging climate. The team, at Texas A&M University, announced it is preparing to deliver its first set of hemp germplasms to the U.S. Department of Agriculture...

Redford Township Cannabis Licensing Turns Into 3-Week Campout For Applicants

Oct 10, 2024 | Great Lakes Region, Michigan

In one of the last metro Detroit communities to open its doors to retail marijuana businesses, the process of applying for a license is a war of attrition. Dozens of eager applicants have been lined up day and night for three weeks outside of the Redford...

Michigan Cannabis Market Hits Record Sales Amid Low Weed Prices And Rise In Cultivation Licenses

Oct 9, 2024 | Feature, Great Lakes Region, Michigan

Michigan's cannabis market is experiencing a major transformation, with retail sales surging while flower prices continue to drop. As MJBizDaily reported, since the start of adult-use sales in December 2019, the average retail price for an ounce of...