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...

Ohio Recreational Cannabis Sales $10.5 Million During Third Week Legal

Aug 29, 2024 | Great Lakes Region

Ohio recreational marijuana sales ticked down for the second consecutive week since dispensaries began selling to adults age 21 and older. Ohio dispensaries rang up $10,493,636 for recreational marijuana customers during the third week of sales, according to new Ohio...

FDA Sets September Meeting To Gather Input On Psychedelic Treatment For PTSD

Aug 28, 2024 | National

The U.S. Food and Drug Administration has set Sept. 6 for a “hybrid public meeting” to discuss potential new treatments for post-traumatic stress disorder, including psychedelic regimens, according to a notice from the agency. The FDA – which just this...

High Times Cannabis Cup Michigan Kicked Off August 9th: The Largest Cannabis Competition in the Nation

Aug 28, 2024 | Feature, Great Lakes Region, Michigan

High Times is excited to announce the launch of the 2024 Michigan Cannabis Cup. This prestigious event, launched on August 9th, and promises to be the largest cannabis competition in the country. Since High Times Magazine's debut in 1974, it has been a leading voice...

Detroit’s First Official Cannabis Bakery And Cafe Is Opening Soon In Corktown

Aug 28, 2024 | Feature, Great Lakes Region, Michigan

Corktown will soon welcome a new bakery and cafe that specializes in Delta-9 THC-infused baked goods, coffee beverages, and lemonades in the space formerly occupied by Michigan & Trumbull. Wake-N-Bakery, a Chicago-based chain that got its start in 2020 selling CBD...

Michigan Marijuana Dispos Subject To Surprise Inspections

Aug 28, 2024 | Feature, Great Lakes Region, Michigan

Dispensaries that sell marijuana in Michigan will now be subject to surprise inspections by the regulatory agency that oversees cannabis businesses in the state. Beginning Oct. 1, the Cannabis Regulatory Agency will no longer schedule semi-annual inspections at...

Home Depot Will Stop Testing Workers For Marijuana And Limit Drug Screening For Most Employees, Internal Memo Shows

Aug 28, 2024 | National

Home Depot, one of the largest employers in the United States, is shifting its employee drug testing policies to remove cannabis from screening panels entirely and stop pre-employment drug testing of most of its workers, according to a new document obtained by...

Cannabis Rescheduling No Longer On Fast Track; Hearing Scheduled For December

Aug 28, 2024 | National

Many cannabis industry stakeholders had hoped the Drug Enforcement Administration (DEA) would issue a final rule to reschedule cannabis under the Controlled Substances Act (CSA) before the November election. But that won’t be the case. DEA Administrator Anne Milgram,...

Grand Rapids Cannabis Company Open For Business

Aug 28, 2024 | Feature, FOUR20 Post, Great Lakes Region, Michigan

Grand Rapids Cannabis Company, located at 2701 Oak Industrial Drive NE, Grand Rapids, MI 49505, is a locally owned cannabis dispensary and processing facility. Its state-of-the-art showroom showcases top cannabis brands in Michigan, providing a unique shopping...

iHemp Michigan Update: Higher Hemp Prices, Hemp Meal For Hens Approved, Credit Line For Customers

Aug 28, 2024 | Feature, FOUR20 Post, Great Lakes Region, Michigan

The Industrial Hemp Association of Michigan, more commonly called iHemp, hosted its quarterly meeting to update not only members, but hemp farmers with some great news. Blain Bechtold, iHemp President, said the Michigan Department of Agriculture approved using hemp...

July Michigan Cannabis Sales Remain Flat For 5th Month In A Row

Aug 27, 2024 | Feature, Great Lakes Region, Michigan

Michigan cannabis sales continue to remain flat in July with sales for all products topping $287.7 million, up 3.2 percent from June’s $275.2 million. This follows similar sales figures in May of $278 million, April $279.6 million and March a record $289 million....