News and Information about the Business of Cannabis

As Michigan’s Cannabis Market Continues To Grow, Health Problems Grow With It

In the five years since Michigan legalized adult-use cannabis, the plant and its effects — positive and negative — have received increasing attention and mainstream acceptance. As cannabis has emerged from the shadows, more products have entered the market,...

Michigan Eclipses $10 Billion In Adult-Use Cannabis Sales Since Went Legal In 2019

Michigan licensed retailers sold $264.7 million in adult-legal cannabis in December pushing Michigan past the $3 billion annual sales mark for 2024, to $3.27 billion, the Cannabis Regulatory Agency reported. That represents a 9.9% increase from the $2.98...

Webinar: Navigating Wholesale Payment Challenges In The Industry With LeafLink

The Cannabis Regulatory Agency Webinar CRA is hosting on Jan. 16 featuring Matt Hutchinson, chief product officer of LeafLink, who will explain how to navigate wholesale payment challenges. According to Hutchinson, there are endless factors separating the...

RFK Jr. Could Advance Marijuana And Psychedelics Reform Agenda As Trump’s Top Health Official

Nov 20, 2024 | National

President-elect Donald Trump has named Robert F. Kennedy Jr. as his pick to lead the U.S. Department of Health and Human Services (HHS), where he will have the chance to advance major drug policy reforms he’s championed such as promoting access to psychedelics...

Treasury Report: More Than 800 Banking Institutions Report Relationships With State-Licensed Cannabis Businesses

Nov 20, 2024 | National

More than 830 financial institutions have filed paperwork with the US government acknowledging their relationships with licensed cannabis businesses, according to quarterly data from the US Treasury Department. That figure is a slight uptick over last year’s...

Incoming Senate Majority Leader Has Long History Of Opposing Marijuana Policy Reforms

Nov 20, 2024 | National

South Dakota Senator John Thune, who will lead the Senate in 119th Congress, has long argued against efforts to reform marijuana policy at both the state and federal level. Senator Thune is among the 26 GOP members who earlier this year called upon US...

New Administrative Recall And Expiration Date Functionality In Metrc

Nov 20, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency (CRA) announced the launch of two new functionalities in Metrc this month. Administrative Recall Function This new feature allows the CRA to apply an Administrative Recall status to packages within the statewide monitoring system. This...

Michigan October Cannabis Sales Were $262.9 Million, The Third Monthly Decline In A Row

Nov 20, 2024 | Feature, Great Lakes Region, Michigan

For the third month in a row, Michigan cannabis sales (recreational and medical) fell to $262.9 million, down 4.3 percent from September. But when compared to October 2023, sales were up 25.5 percent. Medical sales fell 70.7 percent from a the same month in 2023 to...

Auburn Hills Divided Over Cannabis Licensing Plan

Nov 13, 2024 | Feature, Great Lakes Region, Michigan

City leaders in Auburn Hills have approved licenses for four marijuana businesses, but not without questions from residents. At Monday (Nov. 11) night’s council meeting, more than a dozen residents asked about the application process, which saw three of the...

New Metro Times Column Searching For Michigan’s Best Cannabis

Nov 13, 2024 | Feature, Great Lakes Region, Michigan

As Michigan’s cannabis market continues to grow, it’s easy to feel overwhelmed by the sheer variety of products on dispensary shelves. Walking into a dispensary can be a sensory overload — rows of flower jars, glistening concentrates, and pre-rolled joints promising...

Trump Taps Pro-Marijuana Legalization Congressman Matt Gaetz For U.S. Attorney General

Nov 13, 2024 | National

Rep. Matt Gaetz (R-FL) is President-elect Donald Trump’s choice to serve as the next U.S. attorney general—a selection that would put one of the only GOP members of Congress who actively supports and voted for marijuana legalization into the nation’s top law...

New Jersey Cannabis Regulator Cracks Down On delta-8 And delta-10

Nov 13, 2024 | National

The New Jersey Cannabis Regulatory Commission (CRC) announced it will begin enforcing strict regulations on the sale of intoxicating hemp products, following a recent federal court decision that limited the full implementation of the law. Originally passed in...

Cannabis Regulatory Agency Takes Disciplinary Action Against Licensees Throughout the State

Nov 13, 2024 | Feature, Great Lakes Region, Michigan

Administrative formal complaints and disciplinary actions taken against adult-use/medical licensees in September are now available for review in the Cannabis Regulatory Agency’s October 2024 Disciplinary Action Report. This month’s disciplinary actions: Centerline 313...