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...

Michigan’s Cannabis Tax Revenue Declined In Q2

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

The United States Census Bureau published its latest second-quarter data for cannabis tax revenue for states with a legal market. The East Coast markets saw the most increases, while the West Coast markets saw declines. Michigan reported a drop of 3.7% while still...

Marijuana Legalization ‘Significant Threat’ To Alcohol Industry, Analysts Contend

Sep 18, 2024 | National

Financial analysts say they expect the expansion of the marijuana legalization movement will continue to post a “significant threat” to the alcohol industry, citing survey data that suggests more people are using cannabis as a substitute for alcoholic beverages such a...

Feds Move To Take Rick Johnson’s 40-Acre Property To Satisfy Corruption Scandal Debt

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

Federal prosecutors want to take 40 acres of hunting property owned by disgraced former Michigan House Speaker Rick Johnson to satisfy a debt he owes for pocketing more than $110,000 in bribes and rigging the state's marijuana industry. The U.S. Attorney's Office in...

How Can Cannabis Retailers Enhance Loyalty

Sep 18, 2024 | National

As a market matures, any market, several things happen. Products become more reliable and known, increasing brand loyalty. Dispensaries start offering these known brands because they want to maintain customer trust and loyalty. However, now that a consumer can go to...

Minnesota Native American Community Opens Hemp Fiber Processing Factory

Sep 18, 2024 | Great Lakes Region

A new hemp fiber processing facility opened by a Minnesota Native American community will need to source hemp crops from outside of tribal lands to make the factory operate efficiently, according to a project leader. Minnesota’s Lower Sioux Indian Community opened the...

Fourth Circuit Ruling Contradicts DEA’s Opinion On The Legality Of Certain Hemp-Derived Products

Sep 18, 2024 | Feature, National

Judges with the Fourth Circuit Court of Appeals have ruled that all hemp-derived products, including those that undergo a chemical synthesis during manufacturing, are legal under federal law. The decision is consistent with a 2022 Ninth Circuit...

Cannabis Regulatory Agency Takes Disciplinary Action Against Licensees throughout the State

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

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

Indian State Opens Markets For Industrial Hemp, Medical Marijuana

Sep 18, 2024 | International

Lawmakers in the Indian state of Himachal Pradesh have passed an amendment to the state’s drug law that will allow the production of industrial hemp and medical marijuana. The state legislature last week adopted a resolution to amend the state Narcotic Drugs and...

Florida Marijuana: 90% Of Surveyed Patients To Vote For 2024 Marijuana Legalization

Sep 18, 2024 | National

In anticipation of Florida’s 2024 vote to legalize recreational marijuana, The Sanctuary Wellness Institute surveyed to gauge the opinions of their medical marijuana patients. The survey revealed overwhelming support for the legalization initiative and insights into...

1 In 4 Older Michiganders Say They Use Cannabis

Sep 12, 2024 | Great Lakes Region, Michigan

Whether it’s to “feel good,” fall asleep or curb pain, Michiganders who are 50 and older are turning to weed more often than the rest of America — smoking it, eating it, drinking it or applying it to their skin. That’s according to the newest survey by researchers as...