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

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

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 Flavor...

Divided Supreme Court Rules No Quick Hearing Required When Police Seize Property In Drug Crimes

May 15, 2024 | National

A divided Supreme Court ruled Thursday that authorities do not have to provide a quick hearing when they seize cars and other property used in drug crimes, even when the property belongs to so-called innocent owners. By a 6-3 vote, the justices rejected the...

Michigan Supreme Court Hears Oral Arguments On Warren Marijuana Case

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

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 Michigan LLC et,...

Lapeer Homeowners Urge City To Take Action To Stop Oder From Nearby Cannabis Grow

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

Residents of Lapeer are expressing growing concern over the pervasive smell of cannabis emanating from a local grow facility. At a recent Lapeer City Commission meeting, former judge Mike Higgins, now a resident of Andrews River Estates, voiced these concerns on...

Marijuana Hospitalizing Michigan Kids At Worrisome Rate After Legalization

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

In the five years since Michigan voters approved recreational pot, cannabis culture has engulfed everyday life, especially in Detroit. Billboards promising speedy weed delivery are everywhere. So too is a distinct skunky smell that lingers on streets, alleyways, and...

With Cover Of Rescheduling, MSOs Already Trying To Seize 280E Tax Savings

May 15, 2024 | National

Publicly traded cannabis companies are looking to their tax returns to save tens of million of dollars this year – and possibly recoup taxes paid in previous years. Another spate of announcements from multistate operators that have begun amending their federal returns...

DEA: Average THC Potency Of Illicit Marijuana Flower Is 16 Percent

May 15, 2024 | National

The 16% potency is an increase of 29% from 2021, according to the DEA. “The potency of THC in leafy marijuana is at an all-time high, increasing the potential risk of negative effects on users of any form of the drug, and on children who may consume edibles made with...

Poll: Majority Of Americans Have Tried Marijuana And Say It Should Be Legal

May 15, 2024 | National

Most adults acknowledge having consumed cannabis and six in ten say that the substance should be legal nationwide, according to survey data provided by YouGov. Fifty-seven percent of respondents said that they had consumed cannabis during their lifetimes. Of...

Cannabis Vertical C3 Industries Gets $16M Investment For Grow In Connecticut

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

C3 Industries, a milti-state cannabis company headquartered in Ann Arbor, has received a $16 million investment in a grow facility in Connecticut. C3 also has operations in Illinois, Michigan, Missouri, Massachusetts and New Jersey. The investment was made by New Lake...

Fifth Dispo In Port Huron Gets Permit Approval

May 9, 2024 | Great Lakes Region, Michigan

The fifth marijuana shop in Port Huron may be moving forward with plans to open just off Military Street on the southern edge of the city’s downtown. Portage Acquisitions LLC was one of seven entities awarded a host of provisional recreational and medical licenses...