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 Recalls 1,100 Pre-Rolls Believed To Be Infused With Untested Additives

May 22, 2024 | Feature, Great Lakes Region, Michigan

Nearly 1,100 pre-rolls already sold or in inventory at 20 dispensaries across Michigan were recalled over public health concerns May 15. The Cannabis Regulatory Agency accused the manufacturer, Flavor Galaxy, which operates a processing facility in Hazel Park, of...

Intoxicating Hemp Targeted For Bans Or Tight Restrictions In Six More States

May 22, 2024 | National

Developments in six states this month reflect the growing national movement to crack down on hemp-derived delta-8 THC and other intoxicating hemp compounds that have flourished due to a loophole in federal law. The six – Virginia, Illinois, Indiana, Louisiana, Texas...

Belgian Village Exploring Hemp To Overcome Pollution Of Land From ‘Forever Chemicals’

May 22, 2024 | International

University researchers and a village in Belgium are testing the potential of hemp growing for remediation of soil contaminated with per- and polyfluoroalkyl substances (PFAS) – “forever chemicals” that have long been used in a wide range of industrial and consumer...

Study: Those Who Have Tried And Had Mostly Positive Experiences With Marijuana Or Psychedelics More Likely To Support Legalization

May 22, 2024 | National

As many as 60% of Americans support cannabis legalization, with just half opposing it, a new YouGov survey showed. The poll was conducted online on April 25 – 28, 2024, prior to the recent DEA news that it intends to reclassify marijuana...

Study: Cannabis Extracts Reduce Disease Burden in Chronic Pain Patients

May 22, 2024 | National

Patients’ use of cannabis oil extracts is associated with long-term improvements in their pain intensity and related symptoms, according to data published in the journal Pain Reports. Israeli researchers assessed the safety and efficacy of cannabis...

Michigan Selling More Pot, Retailers Making Less Money

May 22, 2024 | Feature, Great Lakes Region, Michigan

Michigan marijuana retailers sold about 9.3% more cannabis in April than in March, but they brought in about 3.5% less money. Flower sold from the CRA report is $124,074,521 total for 89,539.56 pounds for $86.61 per ounce. The rest of cannabis sales revenue was...

Ann Arbor Earmarks Cannabis Tax Money To Pay For Social Services In New City Budget

May 22, 2024 | Great Lakes Region, Michigan

Ann Arbor plans to continue using marijuana money to fund social services. City Council unanimously adopted a new city budget Monday night, May 20, after making amendments to put $1 million of the city’s annual tax revenue from marijuana businesses toward various...

DEA’s Proposed Move To Reschedule Cannabis To Schedule III Now On Federal Register

May 22, 2024 | Feature, National

The Drug Enforcement Administration’s proposed rule to move cannabis to Schedule III hit the federal register today, starting the 62-day public comment period ending in July. Read the details below. Action Notice of proposed rulemaking. Summary The Department of...

Biden Says DOJ Officially Moving To Reschedule Marijuana To Schedule III

May 17, 2024 | Feature, National

The U.S. Department of Justice (DOJ) is officially moving to reclassify marijuana as a Schedule III drug, a less dangerous category than Schedule I in which it is now classified, the Biden administration announced yesterday. Biden called the development “monumental”...

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

May 16, 2024 | Feature, Great Lakes Region, Michigan

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 marketplace so...