The Business of Cannabis

New York: Hemp THC Beverage Crackdown Promised As Widespread Illegal Sales Continue

Intoxicating hemp-derived products can be found at mainstream retailers throughout New York State, including at grocery and convenience stores in New York City. That’s despite clear directive in state law requiring sellers of such products to obtain a...

Indiana: Hemp Industry Gets A Little Breathing Room

New federal restrictions on THC-infused products have been pushed back one month, giving Hoosier businesses more time before much of the market could become federally illegal. Indiana's hemp-derived cannabinoid industry has generated billions statewide in...

Michigan: A $31.8 Million Marijuana Verdict Goes Down In Federal Appeals Court

A Michigan marijuana grower won a $31.8 million jury verdict for breach of contract… then watched it disappear on appeal. On September 10, 2026, the U.S. Court of Appeals for the 6th Circuit held that federal courts cannot enforce a contract to buy and sell...

Illinois: Access To Medical Cannabis Expands Through New Dispensary Licenses

Illinois has issued medical cannabis dispensary licenses to 37 existing adult-use dispensaries, allowing them to serve registered medical patients and adult-use customers at the same location. The change took effect immediately, according to Gov. JB...

GREAT LAKES CANNABIS STOCK TICKER

A New Bipartisan Bill Could Clear the Way for CBD Supplements

A bipartisan group of lawmakers introduced a bill in the U.S. House of Representatives on Monday that would give the Food and Drug Administration (FDA) flexibility to allow hemp-derived cannabidiol (CBD) to be sold as a dietary supplement. House Agriculture Committee...