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...

Trump Budget Proposes Ending State Medical Marijuana Protections

Marijuana Moment is a wire service assembled by Tom Angell, a marijuana legalization activist and journalist covering marijuana reform nationwide. The views expressed by Angell or Marijuana Moment are neither endorsed by the Globe nor do they reflect the Globe’s views...

Optimism Surrounds Michigan Cannabis Market

LANSING- Although Michigan’s sales of recreational cannabis have lagged behind Illinois’ cash register totals, a leading expert on investments predicts Michigan’s market to be stronger in the long term. Similarly, a recent census reveals a dramatic loss of jobs in the...

CBD Products Are ‘Exploding’ In Pet Sector

Hemp-based CBD pet products will represent 3-5% of all hemp CBD sales, with conversion rates of 37%, according to a new report from Nielsen Holdings PLC and Headset, a provider of analytics service for the cannabis industry. The U.S. consumer packaged goods industry...

Hemp Industry Cleared To Do Business With Banks

The number of banks in the United States willing to lend to hemp producers can be counted on one hand. That is about to change. Federal and state bank regulators announced Tuesday that they were scrapping a burdensome requirement that banks said kept them away from...