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...

Software Crash Hits Michigan Dispensaries On 4/20

Apr 24, 2024 | Feature, FOUR20 Post, Michigan

Business was humming on Saturday at Bazonzoes' three marijuana dispensary locations. Hundreds were in line to take advantage of the retailer's large 42% discount to celebrate the 4/20 holiday. Then it all started to fall apart as Bazonzoes’ point-of-sale system,...

Report: Cannabis Industry Employs More Than 440,000 Full-time Workers

Apr 23, 2024 | National

DENVER –The state-licensed cannabis industry added over 23,000 new jobs in 2023 and now employs over 440,000 full-time workers, according to data compiled by Vangst and Whitney Economics. Michigan, ranked second in job growth, had 46,746...

Sturgis OK’d New Cannabis Business Plan

Apr 17, 2024 | Feature, Great Lakes Region, Michigan

A site plan for a prospective cannabis product retail store was unanimously approved Tuesday by the Sturgis Planning Commission. The request was brought to the table by EAC Industries LLC officials, who are looking to renovate and improve the property located at 1640...

Michigan Communities Raking In Benefits Of Legalized Cannabis

Apr 17, 2024 | Feature, Great Lakes Region, Michigan

As cannabis sales continue to hit new highs in Michigan, communities that embraced legal weed are reaping the rewards with an influx of jobs, tax revenue, community benefits, and renovated buildings. The cannabis industry has seen tremendous growth since the...

Justice Department Is Investigating Marijuana-Related Businesses Over COVID Relief Loans, Industry Sources Say

Apr 17, 2024 | National

The Justice Department is investigating marijuana-related businesses that allegedly took coronavirus relief loans in violation of federal rules, with third-party actors leveraging a whistleblower policy that allows them to take a portion of settlement money if they...

U.P. Pot Bonanza Turns Into Marijuana Melee Over Corruption Claims

Apr 17, 2024 | Feature, Great Lakes Region, Michigan

When this small town in the Upper Peninsula was working on a law allowing the sale of marijuana in 2020, it was warned that restricting the number of dispensaries could lead to a legal quagmire. The town, which is just across the border from Wisconsin, where pot is...

C3 Industries’ High Profile Dispensaries Launches 420 Daze

Apr 17, 2024 | Feature, Great Lakes Region, Michigan

C3 Industries has launched its 420 celebrations at its High Profile dispensaries through Sunday, April 21. The theme for this event is “420 Daze – It's High Time for Good Vibes,” featuring exciting offerings such as a $400 Live Nation concert giveaways, significant...

March Michigan Cannabis Sales Record $289 Million, 16 Percent Higher Than 2023

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

Michigan’s cannabis sales in March soared to a monthly record $289 million, a 15.7 percent increase compared to March 2023’s total sales of $250 million. According to Michigan’s Cannabis Regulatory Agency statistical report, the dynamics of adult and...

Minnesota Legal Supply In Question As Marijuana Bill Moves Forward

Apr 15, 2024 | National

A couple of token changes in Minnesota’s new marijuana bills are highlighting concerns about whether a legal supply will be available when retailers launch sometime next year. A long list of people are hoping to spark up new cannabis businesses in Minnesota....

New York Legal Cannabis Market Up By A Third From A Year Ago First Quarter

Apr 15, 2024 | National

New York’s legal cannabis industry hit a new high this week — with more than 100 licensed pot shops now open across the Empire State, officials said Thursday. Of the 103 marijuana sellers in business, 44 are located in New York City. Nineteen other...