The Business of Cannabis

Federal Hemp Product Crackdown Delayed Into December By US Budget Extension Bill

A federal ban on most hemp-derived THC products would be pushed back until Dec. 11 under a stopgap government spending bill passed Tuesday by the U.S. House of Representatives. The continuing resolution, which also averts a government shutdown, postpones...

Michigan: JARS Cannabis Acquires Sonoran Roots

JARS Cannabis, which was founded in 2020 in East Detroit, has evolved into a large network of dispensaries, with locations in Michigan, Arizona and Colorado. Now, JARS has acquired Sonoran Roots, an award-winning craft cannabis brand that was founded in...

Ohio: How Much Cannabis Prices Have Increased The Summer Of 2026

Ohio's average price for an ounce of cannabis has been going up since May, the first time consumers have seen consistent monthly increases since recreational sales began two years ago. Ohio voters legalized recreational marijuana in November 2023, with sales...

Michigan: CRA Issues First-Ever Hemp License Suspension Over Excessive THC Levels

Four years after taking over supervision of Michigan’s hemp industry, state regulators issued the first-ever license suspension. The state Cannabis Regulatory Agency, which oversees marijuana and hemp, suspended with intent to revoke the hemp...

Hemp Initiative In Ecuador First To Focus On Fiber And Food

The Ecuadorian government has greenlighted the country’s first hemp crop under a cooperative initiative among two companies and the Latin-American Industrial Hemp Association (LAIHA). LAIHA member Green and Growth, Quito, and Nobis Holding de Inversiones, one of the...

Psilocybin Therapy Now Legal in Oregon

Oregon’s psilocybin mushroom therapy reforms took effect on January 1, two years after voters approved a measure to allow therapy using the psychedelic fungi. The delay was due to lawmakers who were tasked with creating the regulatory framework for the...

Michigan’s Growing Cannabis Tourism Industry

In any given year, tourism in Michigan ranks as the second or third largest industry, vying with agriculture for the No. 2 spot. Automotive remains king. Since December 2019 when adult-use cannabis became legal in Michigan, it has become a rapidly growing tourism sub...

Google Announces Pilot Program for CBD Advertising

Google will for the first time allow ads for some CBD products on its advertising platform, the company announced. Google said in late December that it would update its ad policies on Jan. 20 to permit the limited promotion of pharmaceuticals containing CBD that have...