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...

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...

New Buffalo Stops Taking Dispensary License Applications

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

When the township of New Buffalo decided to allow recreational marijuana dispensaries in areas surrounding the city, they figured there’d be strong interest. What they hadn’t banked on was how much. The township opened the application process for licenses in April...