The Business of Cannabis

Indiana Embraces Marijuana With More Than $1B Sales, Study Finds

Indiana has some of the most stringent laws on cannabis in the country, but despite that, use among adults has consistently increased over the past decade. That is according to a new report from the Richard M. Fairbanks Foundation, which partnered with the...

Michigan Supreme Court Orders Review Of 24% Cannabis Tax

The Michigan Supreme Court ordered the state Court of Appeals to take another look at the legality of Michigan’s 24% wholesale cannabis tax. “The court of Appeals shall expedite its consideration of this case,” the Supreme Court ordered on Wednesday, April...

What The Trump Administration’s Move To Reclassify Marijuana Means For Investors

CNBC’s Brandon Gomez reports on the Trump administration’s move to reclassify cannabis as a Schedule III drug. The change doesn’t legalize the drug at the federal level but it could significantly expand scientific research in the drug’s medical uses. More...

What Cannabis Rescheduling Really Means: Insights from Mint Cannabis’ Pablo Palomino

The cannabis industry finally got the jolt it’s been waiting for. With the federal government moving cannabis from Schedule I to Schedule III, the conversation has shifted from if reform will happen to what happens next. To unpack the implications, I sat...

Former FDA Regulator Predicts Cannabis Rescheduling This Year

A longtime attorney at the U.S. Food and Drug Administration who helped found the agency’s Marijuana Working Group in 2014, Howard Sklamberg is now involved in federal cannabis policy on behalf of multistate operator Columbia Care. Sklamberg recently spoke...

Proximity Key To Getting Cannabis Buyers To Legal Stores, Study

For marijuana retailers, it’s no secret: Customers like buying weed close to home, if they can. New research into Canada’s regulated cannabis market supports that intuition: Consumer proximity to government-regulated stores increases the odds that people will source...

Hemp On Par With Wood Capturing And Storing Greenhouse Gas

Hemp can store CO2 as efficiently as wood in raw materials for the construction industry, and should meet EU certification criteria for carbon credits, a new report from Germany suggests. The report found that carbon removal through hemp is in a range similar to that...

Study: Celebrity Pot Brands Outperform Traditional Brands

It’s no secret that celebrity-backed marijuana brands – such as actor Seth Rogen’s Houseplant or rapper Wiz Khalifa’s Khalifa Kush – can leverage legions of fans and social media followers to attract consumer attention and buzz. An MJBizDaily comparative analysis of...

FDA, FTC Issue Warnings Over Synthetic THC

Six companies in five states have received warning letters from government agencies for selling illegal products containing delta-8 THC made from industrial hemp. The U.S. Food & Drug Administration (FDA) and the Federal Trade Commission (FTC) targeted the...

Schumer Touts ‘Good Progress’ On Marijuana Banking Bill

Senate Majority Leader Chuck Schumer (D-NY) says lawmakers are “making good progress” in bipartisan negotiations on a marijuana banking bill, and advancing it will be a priority for what he’s expecting to be a “very, very productive fall in the Senate.” At a press...