The Business of Cannabis

The Inside Story Of The World’s First Cannabis-Based Painkiller

A new botanical drug derived from marijuana has been approved in Germany to treat chronic pain, ushering in a new future for the medical applications of cannabis. In late May, Germany's Federal Institute for Drugs and Medical Devices, which is similar to the...

Michigan Cannabis Group Fights Restrictive Marijuana Laws

Members of the Michigan Cannabis Community Coalition will gather at the state capital today for their legislative advocacy day to make their voices heard. Members of the coalition say that they plan to push their positions on some pending legislation, which...

NY Gives Local World Cup Fans Tips On How To Land Safe, Legal Cannabis

Here’s how to find your pot o’ goal during the World Cup. State cannabis regulators are launching an education campaign to instruct the thousands of local tourists and fans readying for the World Cup on how to access and safely use local legal weed. “We...

Michigan Marijuana Wholesale Tax Generates $70M Less Than Expected

Michigan’s 24% wholesale tax on marijuana generated tens of millions less than expected in its first four months, according to a new report from the Michigan Treasury Department. The tax took effect Jan. 1 and was projected to generate $420 million a year to...

Cheech and Chong’s Cannabis Company launches in Michigan

After decades of using — and joking about — pot, comedy duo Cheech Marin and Tommy Chong have entered the cannabis business themselves. Cheech and Chong’s Cannabis Company launches in the Michigan market on Thursday. Its products, which include flower, concentrates,...

Schumer Touts Cannabis Research Bill Among “Historic” Wins

As the midterm elections approach, Senate Majority Leader Chuck Schumer (D-NY) would probably prefer to be able to tout progress on enacting marijuana legalization—but instead, he’s currently left with the Senate passage of a modest cannabis research bill as among...

Americans Say Cannabis More Beneficial Than Alcohol 

More than twice as many Americans think that marijuana has a positive impact on its consumers and society at large than say the same about alcohol, according to a new Gallup poll. And perhaps more revealing, people who have actually used cannabis are far more likely...