News and Information about the Business of Cannabis

Michigan’s April Cannabis Sales Top $275 Million, Down $10 Million From March

The Cannabis Regulatory Agency reported Wednesday that $278,546,443 in marijuana and marijuana products sold legally in April, down about $10 million from the record $288 million sold In March. Medical cannabis sales represent 0.8% of Michigan’s overall...

Michigan’s Cannabis Regulatory Agency Recalls Flavor Galaxy’s Infused Pre-Rolled Joints

Michigan's Cannabis Regulatory Agency is recalling infused pre-rolled joints made by the Hazel Park-based cannabis producer Flavor Galaxy, the agency said Wednesday. The agency is recalling more than 1,000 units of infused pre-rolled joints after it found...

Michigan Supreme Court Hears Oral Arguments On Warren Marijuana Case

The Michigan Supreme Court heard oral arguments Wednesday morning in a case alleging Warren’s Marijuana Review Committee violated the state Open Meetings Act multiple times. Plaintiffs in the case, Pinebrook LLC et. al. vs. City of Warren and Livwell...

Biden Administration Plans To Ease Marijuana Restrictions

May 2, 2024 | Feature, National

WASHINGTON DC – The Biden administration is moving forward with plans to move marijuana off the most severe classification of Schedule I to Schedule III, a source familiar with the decision confirmed to The Hill Tuesday. Rescheduling marijuana is distinct from...

Grassy Knoll Partners With Muskegon Event Place To Offer Cannabis-Friendly Camping

May 2, 2024 | Feature, FOUR20 Post, Michigan

A cannabis-friendly campsite is coming to Muskegon this summer, just in time for festival season. The Grassy Knoll Recreational Dispensary, located at 2125 Lemuel St, is using the fives acres adjacent to their building to set up a smoker's oasis in its wooded hilltop....

MedMen Declares Bankruptcy With $410M In Debt

May 1, 2024 | National

California’s first cannabis company valued at over a billion dollars appears to have completed its long descent into failure. MedMen, once hailed as the “Apple Store of weed,” declared bankruptcy last week, according to a press release published by...

Polls: Most Americans Endorse Legalization, Say Cannabis Is Safer Than Either Alcohol Or Tobacco

Apr 24, 2024 | Feature, National

The overwhelming majority of US adults favor legalizing marijuana federally and most perceive it to be safer to consume than either tobacco or alcohol, according to nationwide polling data released today. Survey data compiled by Data For Progress finds that...

Adverse Reports On Intoxicating Hemp Products Cut Across All Age Groups

Apr 24, 2024 | Great Lakes Region, Michigan

Nearly 8,000 people reported adverse effects after consuming products containing delta-8 THC or other intoxicating hemp compounds between 2021-2023, according to America’s network of poison control centers. More than half of the reports to the National Poison Data...

Blake’s Hard Cider, Pleasantrees Look To Dominate THC Beverage Market

Apr 24, 2024 | Feature, Great Lakes Region, Michigan

Michigan’s marijuana market is among the biggest in the nation — sales averaged more than $300 per capita last year on more than $3.05 billion in total sales, the most of any legalized state. But it’s not top shelf in THC beverages, a growing market segment...

New Mexico Governor Presses Biden Official About Spike In Federal Marijuana Seizures From Licensed Businesses

Apr 24, 2024 | National

The governor of New Mexico spoke with the head of the U.S. Department of Homeland Security (DHS) this week and expressed concern about a recent surge of Border Patrol seizures of marijuana from state-licensed businesses, Marijuana Moment has learned exclusively....

Myndset Herbs Pledged To Be Powered With Clean Energy, Receives Financial Rebate For Energy Efficiency

Apr 24, 2024 | Great Lakes Region, Michigan

Myndset Herbs in Lawrence, Michigan, anounced it will be the one of the first cannabis operations in the United States making a commitment to be powered 100% with clean energy. The carbon-neutral pledge comes through a partnership with Consumers Energy’s Renewable...

Demise Of High Times Leaves Trail Of Unpaid Bills And Unhappy Investors

Apr 24, 2024 | National

The receiver for ExWorks, the company that lent High Times Chairman Adam Levin money to buy the business, has appointed Kevin Singer of Receiver Specialists to oversee the sale of High Times’ assets to settle outstanding debts. High Times and Levin used several...

Big 4/20 Sales Keeps Michigan Cannabis Industry On $3 Billion Plus Record Pace

Apr 24, 2024 | Feature, FOUR20 Post, Michigan

The unofficial 4/20 holiday proved fruitful for Michigan’s marijuana industry. Operators in the state reported more than $28.5 million in weed sales last Saturday, up 32% from last year’s total of $21.6 million on the day, according to data from the Michigan...