Review Of Michigan Marijuana Market in 2022
It’s been a great year for Michigan marijuana customers, who are paying less than ever for increasingly potent cannabis. As of November, the average retail cost for an ounce of marijuana had dropped to a record low of $95 with some strains dipping to near $60 an ounce...
AFS Requirements and Required AFS Report Form For Fiscal Year 2023
The Cannabis Regulatory Agency (CRA) released an advisory bulletin today announcing the release of the Annual Financial Statement (AFS) requirements and the required AFS report form for fiscal year 2023. The bulletin and all required forms may be accessed...
Update From The CRA’s Social Equity Team
The Social Equity Team reminds social equity participants to check out the recent additions to the Video Library on the CRA website, including a wide variety of Education Session presenters: 12/22/22 Midwest CannaNurses Discussing the 2023 Marijuana Operations and...
Cannabis Market Taxation and Regulatory Compliance Analysis Grant Program RFP Now Available
The Cannabis Regulatory Agency released a Request for Proposals (RFP) for conducting an analysis of tax reporting and regulatory compliance within Michigan’s cannabis market. The 2022-2023 state budget requires that the Cannabis Regulatory Agency must award a grant to...
FDA May Enact CBD and delta-8 THC Regulatory Recommendations Within Months
Food and Drug Administration officials said they are taking steps to announce a plan for how to regulate cannabis-derived products like CBD and delta-8 THC in the coming months. This comes as the agency is also leading a review into marijuana’s scheduling...
Retirement Reforms, Marijuana Changes Meet Veto Pens
LANSING - Lame duck legislation that mostly tightened public employee retirement options or made tweaks to the state's marijuana's law were among the 11 bills vetoed by the Gov. Whitmer. Several of the bills would have pushed an annuity product to state...
Could Michigan Be the Next State to Legalize Psychedelics?
First Oregon legalized psilocybin with Ballot Measure 109, approved by voters in November 2020. Then Colorado followed suit, but with the possibility of legalizing other classic psychedelics soon, via Proposition 122, approved by voters in November 2022. So...
JARS Cannabis Is Giving Away More Than $1 million In Luxury Prizes For Holiday Campaign
JARS Cannabis is giving customers the chance to win a PlayStation 5, a brand-new car, a Rolex, and more during its Holiday Survival Campaign. The 12-day campaign will raffle off a different prize every day from Dec. 21 to Jan 1. The grand prize on the final day is a...
Detroit Awards First 33 Recreational Marijuana Retail Licenses After Court Ruling
Four years after Detroit voters overwhelmingly approved recreational marijuana sales, the city on Thursday awarded its first batch of licenses. Deputy Mayor Todd Bettison joined City Council Pro Tem James Tate; Anthony Zander, director of Detroit's Department of Civil...
U.S. Cannabis Sales Could Top $72 Billion By 2030, Says Leading Researcher
U.S. cannabis sales is estimated to rack up a whopping $57 billion by 2030, according to a top researcher. But hold up: That figure could top a whopping $72 billion if the 18 additional states that seem likely to legalize activate their markets. It's a stunning...
