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...

Michigan Marijuana Businesses Wait To See What Happens When Federal Rules Change

Jun 19, 2024 | Feature, Great Lakes Region, Michigan

Molly MacDonald doesn't know much about the intricate federal regulations for marijuana. But she appreciates the donation of more than $50,000 from a local cannabis business to her breast-cancer charity. "We take financial donations from almost everyone," said...

Marijuana Rescheduling Opponents Slam FDA Process, Saying It Relied On ‘Very Bad Studies’

Jun 19, 2024 | National

Leaders of a prohibitionist group spent close to an hour last week publicly complaining that the government’s planned rescheduling of marijuana to Schedule III of the Controlled Substances Act amounted to a politically motivated move, one they said was unsupported by...

June CRA Public Meeting Focus On Budgets, Labs, Enforcement And Inspections

Jun 19, 2024 | Feature, Great Lakes Region, Michigan

At the June 13 Michigan Cannabis Regulatory Agency public meeting the focus was on budget approvals and enforcement, budget approvals, and lab developments. Budget Approvals and Laboratory Developments Michigan's House, Senate, and Governor's office have largely...

Trulieve To Pay $350,000 State Fine To Settle Worker’s Death Case

Jun 19, 2024 | National

Marijuana industry giant Trulieve Cannabis Corp. continues to be haunted by the ghost of Lorna McMurrey, the former Massachusetts worker who died in early 2022 due to working conditions at one of its now-shuttered manufacturing facilities. This week, the Florida-based...

Maryland To Issue More Than 175,000 Pardons For Marijuana Convictions

Jun 19, 2024 | National

Maryland Gov. Wes Moore ordered more than 175,000 pardons for marijuana convictions on Monday, saying the “most sweeping state-level pardon in any state” will help reverse harms from the past caused by the war on drugs. During a news conference, Moore said...

Germany’s Cannabis Industry Heating Up

Jun 17, 2024 | International

Suppliers of cannabis seeds, gardening equipment, fertilizers and grow lamps will benefit from Germany's decision to legalize cannabis, Dirk Heitepriem of the German Cannabis Business Association (BvCW) told DW. Germany partially legalized cannabis in April,...

Michigan Cannabis Sales In May Slightly Higher Than April

Jun 15, 2024 | Feature, Great Lakes Region, Michigan

Michigan cannabis sales in May rose by $1.1 million from April to To $279.6 million, an increase of 13.7% from May 2023. Medical sales only accounted for $1.6 million. The Cannabis Regulatory Agency reported flower made up $124.3 million of adult-use sales in...

Struggling UK CBD Company Halts Trading Amid Squabbles In the Board Room

Jun 12, 2024 | International

Struggling UK CBD company Chill Brands Group PLC has suspended trading of its shares amid a clash among board members and executives. In a June 10 announcement, the company said it has launched an investigation into two directors who it claims tried to “defraud” the...

For Florida Gov. DeSantis, Intoxicating Hemp OK, Marijuana Isn’t

Jun 12, 2024 | National

Intoxicating hemp substances will remain on the market in Florida after Gov. Ron DeSantis nixed a proposed law that would have banned products containing them. DeSantis on Friday vetoed Senate Bill 1698 (SB 1698) which would have specifically prohibited...

Investors Will Lose Millions If Thailand Backtracks On Hemp, Marijuana, Trade Group Says

Jun 12, 2024 | International

A plan to re-criminalize cannabis in Thailand could cost CBD stakeholders millions of dollars in lost investments, a key trade group has warned. The Thai Hemp and Cannabis Industry Association (HCIA) said a draft cannabis law floated earlier this year could...