The Business of Cannabis

The Inside Story Of The World’s First Cannabis-Based Painkiller

A new botanical drug derived from marijuana has been approved in Germany to treat chronic pain, ushering in a new future for the medical applications of cannabis. In late May, Germany's Federal Institute for Drugs and Medical Devices, which is similar to the...

Michigan Cannabis Group Fights Restrictive Marijuana Laws

Members of the Michigan Cannabis Community Coalition will gather at the state capital today for their legislative advocacy day to make their voices heard. Members of the coalition say that they plan to push their positions on some pending legislation, which...

NY Gives Local World Cup Fans Tips On How To Land Safe, Legal Cannabis

Here’s how to find your pot o’ goal during the World Cup. State cannabis regulators are launching an education campaign to instruct the thousands of local tourists and fans readying for the World Cup on how to access and safely use local legal weed. “We...

Michigan Marijuana Wholesale Tax Generates $70M Less Than Expected

Michigan’s 24% wholesale tax on marijuana generated tens of millions less than expected in its first four months, according to a new report from the Michigan Treasury Department. The tax took effect Jan. 1 and was projected to generate $420 million a year to...

Museum Dedicated To Cannabis Set To Open In Cape Town

For the first time ever, a museum dedicated to cannabis is coming to South Africa. Aptly named the African Cannabis Museum (TAC), it is set to open its doors later this year. The museum is being developed by the TAC Foundation, a non-profit initiative dedicated...

Missouri Cannabis Companies Sue Good Day Farm

Two Missouri cannabis wholesalers are suing, claiming Good Day Farm illegally controls more than a quarter of the state’s dispensary market. CPC of Missouri - Smithville LLC and GF Saint Mary LLC filed the antitrust lawsuit Monday in Jackson County Circuit Court. The...

Psychedelics Move Into The Spotlight

Psychedelic drugs may be having a moment in Michigan and nationwide. In April, President Donald Trump signed an executive order making them available to treat mental health conditions including depression and anxiety.   And in Michigan, the Democratic Party recently...

Zimbabwe Seeks Commercial Footing For Hemp Industry

The global industrial hemp industry is on a strong growth trajectory, with the market projected to expand from approximately US$6,2 billion (around R103 billion) to more than US$20 billion (R330 billion) by 2033. This presents a clear opportunity for Zimbabwe to...