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News and Information about the Business of Cannabis

Michigan’s Cannabis Industry In Race To The Bottom

A storm is brewing over Michigan’s once-vibrant cannabis industry. A green rush has turned into a relentless race to the bottom, leaving operators grappling with razor-thin margins and an uncertain future. The numbers are stark: Cannabis flower’s wholesale...

Detroit’s Psychedelic Healing Shack Up For Sale After Owner Harassed By City

The owner of the Psychedelic Healing Shack, a spiritual and wellness center that was raided by Detroit police last year, has put his Woodward Avenue property up for sale. Robert Pizzimenti, known to many as Dr. Bob, says the move is not because he wants...

Trump’s Tariffs Drive Up Costs And Prices For Michigan Cannabis Industry

While some companies and parts suppliers have stockpiled enough supply to not feel the effects yet, others are feeling the financial strain of the tariffs already. As the United States and China continue to increase tariffs on each other's goods, Michigan's...

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...

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...