The Business of Cannabis

The Inside Story Of The World’s First Cannabis-Based Painkiller

A new botanical drug derived from marijuana has been approved in Germany to treat chronic pain, ushering in a new future for the medical applications of cannabis. In late May, Germany's Federal Institute for Drugs and Medical Devices, which is similar to the...

Michigan Cannabis Group Fights Restrictive Marijuana Laws

Members of the Michigan Cannabis Community Coalition will gather at the state capital today for their legislative advocacy day to make their voices heard. Members of the coalition say that they plan to push their positions on some pending legislation, which...

NY Gives Local World Cup Fans Tips On How To Land Safe, Legal Cannabis

Here’s how to find your pot o’ goal during the World Cup. State cannabis regulators are launching an education campaign to instruct the thousands of local tourists and fans readying for the World Cup on how to access and safely use local legal weed. “We...

Michigan Marijuana Wholesale Tax Generates $70M Less Than Expected

Michigan’s 24% wholesale tax on marijuana generated tens of millions less than expected in its first four months, according to a new report from the Michigan Treasury Department. The tax took effect Jan. 1 and was projected to generate $420 million a year to...

Cannabis Study Finds THC Can Create False Memories

THC doesn’t just blur memories—it can create new ones that never happened. In a controlled experiment, cannabis users were much more likely to recall words that were never shown and struggled with tasks like remembering to do something later. Researchers found that...

Will Cannabis ‘Lounges’ Come To New Bedford? What We Know

Adult-use cannabis surpassed $9 billion in gross sales in February, dating from when the first two retailers opened in November 2018. Now there’s a new sales category for on-site consumption, and city councilors want to discuss whether it would be right for New...