The Business of Cannabis

Jackson To Use Marijuana Tax Revenue To Repair City Roads

The City of Jackson will invest $250,000 in marijuana tax revenue to repair potholes and improve road conditions without raising taxes on residents. The initiative, called “Pot for Potholes,” directs state-distributed funds from the Michigan Transportation...

Wisconsin Loses Millions In Marijuana Tax Revenue To Border States

Wisconsin residents contributed more than $36 million in marijuana taxes to Illinois last year and nearly $6 million to Michigan in 2024, according to new numbers released by the state Legislative Fiscal Bureau. The revenue comes from counties bordering...

Massachusetts: Governor Signs New Cannabis Law

Governor Maura Healey signed a new cannabis law on Sunday that will expand business opportunities and increase the amount of cannabis adults can legally possess. The law increases the legal possession limit for adults to two ounces and doubles the number of...

Trump Reclassifies State-Licensed Medical Marijuana As A Less-Dangerous Drug In A Historic Shift

President Donald Trump’s acting attorney general on Thursday signed an order reclassifying state-licensed medical marijuana as a less-dangerous drug, a major policy shift long sought by advocates who said cannabis should never have been treated like heroin...

American Bar Association Calls for Marijuana Banking Access

The American Bar Association (ABA) has adopted a resolution urging for the passage of federal legislation facilitating banks and other financial institutions to legally interact with licensed cannabis businesses. The resolution calls for the "enactment of...

USDA Drops DEA Hemp Testing Requirement

Federal agriculture officials will delay the requirement that all THC testing on hemp crops must be performed at laboratories registered with the U.S. Drug Enforcement Administration. And food and drug regulators say it’s a “fool’s errand” to get people to stop taking...

Hemp Houses Are Being 3D-Printed in Australia

The carbon-neutral homes will take only weeks to construct and will store massive amounts of CO2 in their walls. The company, Mirreco, hopes their 3D-printed hemp polymer panels will become the material of choice for residential and commercial builders around the...

Twelve States That Could Legalize Cannabis Sales in 2020

Up to a dozen states could legalize adult-use or medical marijuana in 2020 through their legislatures or ballot measures, although only about a handful will likely do so. Much of the cannabis industry’s focus will home in on a possible recreational marijuana...