Cannabis Flower Prices Rose In September For First Time In Two Years, But Sales Fell
An ounce of cannabis flower in September rose by its largest amount month-over-month in two years to $63.16, up 2.22 percent from August's price of $61.79. The price of an ounce has only risen four times in the last two years, and those mostly came after large drops...
Rep. Bollin: More Budget Cuts Needed If Courts Overturn Cannabis Tax For Roads
Michigan's new 24% wholesale tax on cannabis products to pay for roads already is facing legal challenges, arguing there's no provision allowing it under the 2018 voter-approved initiative. Both the Holistic Research Group and Michigan Cannabis Industry Association...
End-Run On Voter-Approved Cannabis Legalization With Wholesale Tax Could End Up In Michigan Supreme Court
For the second time in recent years, an unprecedented legal fight is brewing after legislative action related to a ballot initiative — this time an alleged "end-run" maneuver to raise marijuana taxes. The industry hopes the Legislature, like the last time, is...
Grain Elevator Dispensary Gets Community Pushback
A historic grain elevator in rural Baker, Minnesota, is facing opposition from residents as plans move forward to convert the agricultural landmark into a cannabis dispensary. The grain elevator, currently listed as an Airbnb, has received preliminary approval...
Cannabis Regulatory Agency Takes Disciplinary Action Against Licensees Throughout The State
The Michigan Cannabis Regulatory Agency has published a list of administrative formal complaints and disciplinary actions taken against adult-use/medical licensees in September. This month’s disciplinary actions: Detroit 13775 Buena Vista, LLC, AU-G-C-000977,...
Opinion: Hijacking Hemp – U.S. Trade Group Plays Loose With Facts
When Donald Trump recently re-tweeted a CBD hype video, the U.S. Hemp Roundtable (USHR) moved fast. Within days, the group sent a fawning letter assuming the voice of “the hemp industry,” whispering through Dear Leader’s fuzzy ear, into the void. But what...
Retailer Target Selling THC-Infused Beverages
The retail giant Target is soft launching sales of THC-infused beverages at select stores in Minnesota, an executive of one cannabis drink company participating in the rollout and other industry leaders told Marijuana Moment. In one of the latest examples of the...
CRA Education Session: Best Practices In Cannabis Credit And Collections With CannaBiz
Join Brett Gelfand, managing partner, and Michael Blumenthal, executive director, of Cannabiz Credit Association and CannaBIZ Collects for a webinar designed to help Michigan cannabis operators improve their payment practices. In this session, they’ll share best...
DEA Says Pot Rescheduling Appeal Process Remains Stalled Under New Administrator Who Pledged To Prioritize The Issue
The Drug Enforcement Administration (DEA) says in a new filing that the marijuana rescheduling process remains stalled at the stage it has been on for months, despite the head of agency’s prior commitment to senators that he would prioritize the issue if confirmed for...
Hemp Industry Urges Trump To Stop Congress From ‘Reversing’ The Crop’s Legalization That He Signed Into Law
A leading hemp industry organization has sent a letter to President Donald Trump, applauding him for his role in legalizing the crop during his first term and imploring him to prevent Congress from “reversing” the reform by banning hemp products containing any amount...
