News and Information about the Business of Cannabis

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...

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...

Howell To Vote On Adult Use Cannabis In November

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

Howell residents will vote on recreational marijuana businesses in November, despite efforts to strike the measure from the ballot and arguments the organizers behind the proposal aren't local. Last year, an Ypsilanti attorney named Anderson Grandstaff wrote a letter...

Black Market Cannabis Unchecked Under Michigan’s Law

Sep 25, 2024 | Great Lakes Region, Michigan

Nearly a year after a landmark Michigan Court of Appeals ruling, Michigan’s illicit marijuana dealers have an economic edge. In a 3-0 opinion, the court ruled in October 2023 that Shaaln Kejbou, who was growing more than 1,100 marijuana plants without a...

Weed Companies Make More Money Selling Beer Than Pot

Sep 25, 2024 | National

Tilray Brands Inc.’s big bet on legal cannabis is proving so overoptimistic it is now relying on the alcohol market it once aimed to disrupt. A long-awaited easing in US cannabis laws, known as rescheduling, is still at least months away, leaving in place suffocating...

Study: Cannabis Job Market in Michigan Growing

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

Vangst, a Denver-based cannabis industry jobs platform, has released its 2024 Jobs Report which states Michigan, along with Missouri, led the nation by adding more than 10,000 jobs in the cannabis industry in 2023. The 2024 Vangst Jobs Report, completed in partnership...

After Cannabis Linked To Higher Stroke Risk, Michigan Doctor Calls For More Research

Sep 25, 2024 | Great Lakes Region, Michigan

Public perception regarding the risks associated with marijuana use has been on the decline in recent years as more states legalize the drug for medical and recreational purposes. However, health officials like neurologist Angelos Katramados, director of the acute...

Smell Of Pot Not Enough To Justify Search, Illinois Supreme Court Rules

Sep 25, 2024 | Great Lakes Region

The scent of cannabis smoke alone is not enough to justify a police search of a vehicle, the Illinois Supreme Court ruled Thursday. In a 6-0 ruling, the court found that cannabis laws in Illinois had evolved to the point that just catching a whiff of burnt weed is no...

Colorado Blames Cannabis Sales Decline Due To Maturing National Market

Sep 25, 2024 | National

The ongoing struggles of the oldest legal recreational marijuana market in the nation, Colorado, can be traced back to the successes of the cannabis legalization movement in other states, along with oversupply and market saturation, according to a report...

Cannabis Regulatory Agency Reminds Industry Of New Testing Requirement For MCT Oil Beginning October 1

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

In June, Michigan’s Cannabis Regulatory Agency (CRA) issued a technical bulletin announcing that MCT (medium-chain triglyceride) oil will be added as a target analyte for marijuana vape cartridges as part of the Sampling and Testing Technical Guidance for Marijuana...

Understanding Cannabis-Related Taxes With The Michigan Department of Treasury

Sep 19, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency will feature Sarah Rusnell, outreach manager, with the Michigan Department of Treasury, Sept. 26 at 10 am in a zoom conference. Join Rusnell to learn about taxes related to the sale of cannabis in Michigan: sales tax, use tax on...

27% Of Older Michigan Adults Used Pot In Past Year, U-M Poll Contends

Sep 18, 2024 | Feature, Great Lakes Region, Michigan

More than a quarter of Michigan residents age 50 or older have used cannabis products containing the psychoactive component THC at least once in the past year, according to a new University of Michigan poll released Thursday. That's a higher percentage (27%) compared...