SPACs Pump Hundreds Of Millions Of Dollars Into US Cannabis Industry Through Acquisitions
Two cannabis special purpose acquisition companies (SPACs), Silver Spike Acquisition Corp. and Subversive Capital Acquisition Corp., recently announced deals worth more than $2 billion, while two other SPACs have an additional $280 million that must be...
DEA Might Start Issuing Cannabis Cultivation Permits In Early 2021
After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for scientists researching the plant. “I expect them to start issuing licenses no later than the first half of 2021,”...
420Post: Terrapin Care Station, Gage Social Equity Program
On the Dec. 16 edition of Four20Post, Jamie Cooper from Sensi Connects and Rick Thompson from Jazz Cabbage Cafe join Mike Brennan from MIMarijuanaReport to interview executives of Terrapin Care Station, a cannabis retailer that has just entered the Michigan market,...
Michigan Medical Sales Plunge
Michigan’s medical cannabis sales have dropped by $15 million on a monthly basis since July, while recreational sales dropped by $5 million between October and November. Sales numbers for October and November, typically released monthly, were made public only...
Gov. Whitmer Commutes Sentence for Michael Thompson
Michigan Gov. Gretchen Whitmer on Dec. 22 commuted the sentence of Michael Thompson, a former cannabis dealer, who was sentenced on May 31, 1996, to 40-60 years in prison for felon in possession of a firearm. He’s served 22 years, and his earliest possible release...
West Michigan Dispensary Owner Fears Oversaturation
Born and raised in Muskegon, Greg Maki was the first to open recreational cannabis dispensaries in Muskegon, Ottawa and Montcalm counties. While many businesses ground to a halt during 2020, the cannabis industry continued to grow in West Michigan. Park Place...
Grand Rapids Cannabis Center First Owned By City Resident From Social Equity Program
Grand Rapid’s first locally-owned recreational marijuana shop is holding a drive-through grand opening this weekend.Pharmhouse Wellness, on Wealthy St. SW in Grand Rapids, has been in operation as a dispensary for medical cannabis. It’s now expanding into recreational...
Social Equity is 2021’s “Primary Issue” per Director Brisbo
During an illuminating conversation with Director Andrew Brisbo of the Marijuana Regulatory Agency on December 9, Four20Post host Mike Brennan asked the Director if there were “things you’d like to change, improve, add to…” for 2021. “Social equity is the primary...
Medical Marijuana Registration Fees May Pay for Expungement Program
During an December 9 interview with Four20Post’s Rick Thompson and Mike Brennan, Director Andrew Brisbo of the Marijuana Regulatory Agency said the $30 million plus Michigan Medical Marihuana Fund might be used to help pay for the Clean Slate expungement program...
EGLE – Cannabis and the Environment: Frequently Asked Questions
The Michigan Department of Environment, Great Lakes, and Energy (EGLE) produced a document titled, "Cannabis and the Environment: Frequently Asked Questions." The document is available here and at www.michigan.gov/mra. We encourage marijuana business applicants and...
