The Cannabis Industry’s $6 Billion Debt Wall
A debt avalanche is bearing down on the U.S. cannabis market to the tune of roughly six billion dollars coming due by the end of 2026, with the top five borrowers—each a multi-state operator (“MSO”)—accounting for about $3.4 billion. The sector’s reliance on costly...
Ohio Cannabis Companies Sues State Regulator Over Stringent Advertising Rules
Ohio cannabis businesses in a recent lawsuit argue the Ohio Division of Cannabis Control’s rules for advertising are too stringent and go against the voter-approved recreational cannabis law. “I think we’ll keep seeing more and more of Ohio sales continue to grow, but...
MiCIA Files Lawsuit To Overturn 24 Percent Wholesale Cannabis Tax
Just hours after Governor Whitmer signed the budget bills into law on Tuesday, our attorneys at Dykema and Honigman filed a suit in the Michigan Court of Claims asking the court to strike down the wholesale tax we are now facing, wrote Robin Schneider, Executive...
Saginaw Mother Accused Of Giving Children THC Gummies Asks Judge To Help Her See Her Kids
A Saginaw mother accused of repeatedly giving her three children THC gummies was back in court Thursday, Oct. 2, and asked a judge to amend her bond conditions to allow her more access to her kids. Stephany L. Mogg, 34, appeared before Saginaw County District Judge...
Muha Meds Launches First-Ever Partnership With Cookies
Muha Meds is collaborating with the legendary brand Cookies to drop a first-of-its-kind piece of smokeware: a 2-gram disposable vape shaped like a cookie, complete with a visible “bite” taken out that also displays the device’s fullness, according to a press release....
Who Voted Yes On Marijuana Tax In House?
As Michigan lawmakers finally approved a budget, one piece of the deal included a new tax on wholesale marijuana sales that is intended to help fund future road work. The road plan relies on the 24% wholesale tax on marijuana, and is about half as big as the...
China’s Black-Market Cannabis Operations Found In Michigan
A complex network of Chinese-run black market marijuana operations is enveloping the U.S. -- and Michigan is caught in the web. Though the chain of command is murky, politicians, attorneys and law enforcement who spoke with MLive believe the multi-layered networks...
Insider: Whitmer Helped Win Support For Roads Plan, Cannabis Tax
Michigan Gov. Gretchen Whitmer participated in a series of behind-closed-door meetings with Democratic lawmakers last week to help secure votes she needed to get a new budget and a road funding plan through the House and Senate. On Thursday night, Democrats...
Michigan Cannabis Tax To Jump To 40 Percent, Critics Worry It Will Drive Consumers To Black Market
Black market operators are cheering the Michigan Legislature’s vote to more than double marijuana taxes, opponents say. About 3 a.m. Friday, Oct. 3, the Michigan Senate in a contentious 19-17 vote passed a new 24% wholesale tax on marijuana, that insiders say will...
Scientists Discover New Cannabis Compound With ‘Remarkable Antioxidant And Skin Anti-Inflammatory’ Benefits
A new cannabis compound that appears to have “remarkable antioxidant and skin anti-inflammatory” properties has been discovered by scientists. The isolated cannabinoid, classified as cannabizetol (CBGD), shows promise for the expanding base of knowledge regarding the...
