Illinois Sets Yet Another Record For Monthly Marijuana Sales, With Retailers Citing A Lollapalooza Boost
Sales of legal marijuana in Illinois last month again broke the state’s all-time record, with nearly $128 million in total recreational receipts, according to the state’s Department of Financial and Professional Regulation (IDFPR). That’s more than $10 million higher...
Michigan Marijuana Retailers Spread Across Michigan, Room For Expansion Remains
New geographic analysis by experts at Anderson Economic Group shows that, after little more than eighteen months, the retail cannabis industry has spread quickly across Michigan. “Over 80 percent of Michiganders now live within a 20-minute drive of an adult-use retail...
Scotts Miracle-Gro Plans To Invest $150 Million In RIV Capital
The Scotts Miracle-Gro Co. is broadening its move into cannabis by launching a new subsidiary that will allow the Ohio-based lawn and garden giant to invest in emerging areas of the marijuana industry. The new subsidiary, called The Hawthorne Collective,...
Proposed Tax Rates In Schumer’s Marijuana Reform Bill Elicit ‘Sticker Shock’
The draft bill outlining Senate Majority Leader Chuck Schumer’s federal marijuana reform legislation sets a nationwide MJ excise tax that would rise from 10% to 25% over five years, a top rate that industry officials argue would be overly burdensome to...
Study: Medical Cannabis Treatment Associated with Sustained Relief, Decreased Use of Analgesics in Chronic Pain Patients
Patients diagnosed with chronic pain experience sustained relief from the use of medical cannabis, and many of them reduce or eliminate their use of analgesic drugs over time, according to longitudinal data published in the European Journal of Pain. A...
Senators Vote To Expand Medical Marijuana Access For Military Veterans As Part Of Appropriations Bill
A Senate Appropriations Committee approved an amendment on Wednesday that is meant to enable military veterans to access medical marijuana – by allowing Veterans Affairs (VA) physicians to grant recommendations in states where it is legal. The measure, sponsored...
Canopy Execs Get Raises, Bonuses After Canadian Company Loses $1.3 billion
Executives for cannabis producer Canopy Growth received more than 4 million Canadian dollars ($3.2 million) in cash bonuses after making “solid progress in the year,” according to a regulatory filing, even as the company lost $1.3 billion and laid off hundreds of...
Conviction Affirmed For Michigan Marijuana Dispensary Owner Serving 15-Year Prison Term
A Michigan man’s federal conviction for marijuana-related charges was affirmed last week by the U.S. Court of Appeals. Danny Trevino, 49, of Lansing, is serving 15 years and eight months in prison after he was found guilty on five counts of maintaining a drug-involved...
How To Get Your Criminal Records Expunged In Michigan
In April, new “Clean Slate” legislation went into effect in Michigan that allows people with criminal convictions to get them wiped clean — including marijuana-related misdemeanors for behavior that is now considered legal, after voters approved legalizing cannabis...
Michigan The State Of Opportunity For Private Marijuana Operators
Despite being a top cannabis market in the United States, Michigan largely has been ignored by multistate operators because of the low barriers to entry for new licensees. However, with plenty of market growth and heavy fragmentation across the supply chain, the...
