News and Information about the Business of Cannabis

Michigan Shuts Down Industrial Hemp Program That Now Reverts To USDA Control

GRAND HAVEN - Michigan has closed its industrial hemp program, leaving farmers to operate directly under the U.S. Department of Agriculture (USDA), and signaling potentially significant changes for hemp cultivators and processors in the state. Under USDA...

Detroit Could Restrict Cannabis And e-Cigarette Ads

Detroit City Council members passed a resolution Tuesday that documents the harms posed by e-cigarette and marijuana use among youth as the council prepares to restrict where these products can be advertised in the city. In Detroit, ads for alcohol and...

Fluresh To Close Michigan Cannabis Grow, Lay Off 46

Fluresh LLC is closing down its $46 million 105,000-square-foot grow facility in Adrian and will be laying off 46 employees at the end of this month. The company, doing business as Tend.Harvest.Cultivate, couldn’t make the economics of the operation work as...

Court Ruling Deals Blow To Michigan’s Cannabis Black Market And Could Lead To Higher Legal Prices

Oct 9, 2024 | Feature, Great Lakes Region, Michigan

The Michigan Appeals Court effectively plugged a loophole in Michigan’s marijuana laws in a Tuesday ruling, unrestricting prosecutors' ability to pursue felony charges against individuals possessing and distributing large amounts of marijuana without a state-issued...

Michigan Ranked 12th Among States With The Highest Weed Consumption In The US

Oct 9, 2024 | National

The United States of America is the country that smokes the most weed in the world. As we mentioned in our article – 20 Cities with the Highest Weed Consumption in the US – the American legal cannabis industry fared well in 2023 as legal sales...

Cannabis Market Update: Is This The Bottom You Were Waiting For?

Oct 9, 2024 | National

Without question, the US cannabis industry is in trouble, at least if you judge from the continuing closure of cultivation facilities and dispensaries and stock prices of the companies in our portfolio purchased in January 2022. At that time, StockWatchIndex (SWI)...

What Will The CBD Landscape Look Like If Congress Forces FDA To Finally Write Rules?

Oct 9, 2024 | National

With a suite of bipartisan bills moving through Congress that could be pillars in a regulatory framework for CBD, what would it look like if they all became law? First of all, should any or all of the measures pass, the U.S. Food and Drug Administration (FDA)...

TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan

Oct 2, 2024 | Great Lakes Region, Michigan

TerrAscend Corp. TSNDF cannabis company announced that it has completed the second and final draw of $26 million as part of its $140 million senior secured term loan. The loan, managed by FocusGrowth Asset Management, LP, was initially...

Cannabis Cafes Get Green Light In California

Oct 2, 2024 | National

Governor Newsom signed the bill after his concerns about second-hand smoke were addressed. California Gov. Gavin Newsom signed Assembly Bill 1775 into law, which will allow local municipalities to begin permitting “cannabis cafes” to serve...

Last Chance To Participate In Jamie Cooper’s October HalloWEED Promo

Oct 2, 2024 | Feature, Great Lakes Region, Michigan

Jamie Cooper has a couple more spots available to help drive consumer and wholesale awareness for your brand! Zapres Events is working on this month's drop for our High Hello Monthly Promotion, which will be HalloWEED themed and available in stores beginning October...

Harris Wants To Be Pro-Cannabis Candidate. Industry Isn’t Convinced Yet

Oct 2, 2024 | National

Vice President Kamala Harris further positioned herself as a pro-cannabis candidate on Monday in an interview with sports and culture podcast “All the Smoke” — but industry leaders aren’t convinced her administration would lead to the reform she has...

Best Practices For Cultivators

Oct 2, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency (CRA) is dedicated to providing licensees the information needed to foster a transparent and consistent approach to compliance efforts throughout the harvest season. The Operations Support Section hosted a CRA Education Session regarding...

Timing Wrong For Bill Seeking To Raise THC Limit For Hemp

Oct 2, 2024 | National

U.S. Sen. Rand Paul has again introduced legislation that would triple the THC limit for industrial hemp, an act of poor timing if we ever saw one. Rand has refloated the Hemp Economic Mobilization Plan (“HEMP” Act), which suggests an increase from 0.3% to 1.0%...