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...

Oklahoma Cannabis Company Opens Michigan Dispensary in Lansing

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

Mango Cannabis has announced the opening of its first retail location in Michigan – the home state of the company’s founders. The new, 4,000-square-foot flagship superstore is located at 5620 South Cedar Street in Lansing, marking the first Mango dispensary outside of...

CRA Accepting Applications For $1 Million Social Equity Grant Program

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

The Cannabis Regulatory Agency’s (CRA) social equity team is currently accepting applications for the FY 2025 Social Equity Grant Program (SEGP). Social Equity Program licensees are either eligible – or close to eligible – to receive a share of one million grant...

iHemp Michigan Now Offering Cannabis Credit Card

Nov 12, 2024 | Feature, Great Lakes Region, Michigan

iHemp Michigan is now offering a way for CBD stores and Cannabis dispensaries to increase business sales with a credit card for their customers that does not use the regular credit card system like Visa and MasterCard. Proceeds from the credit card program support...

Mint Cannabis Gives Veterans 22 Percent Discount Year-Round

Nov 11, 2024 | Feature, Great Lakes Region, Michigan

Mint Cannabis’ six Michigan dispensaries gives Veterans a 22% discount – the highest-percentage discount that any dispensary in Michigan offers to Veterans. The Mint designated its Veterans discount at 22% because 22 Veterans lose their battle to post-traumatic stress...

CRA Webinar: Business Succession Planning With Elia Law

Nov 10, 2024 | Feature, Great Lakes Region, Michigan

Join Elia Salam Elia, Esq. with Elia Law, PLLC. as she explores effective approaches, customization, legal complexities, and valuation strategies in business succession planning. The presentation will be followed by a question-and-answer session which will allow the...

CRA Hits Trucenta With 3 Formal Complaints, Including Failing To Maintain Surveillance Footage

Nov 6, 2024 | Feature, Great Lakes Region, Michigan

The Michigan Cannabis Regulatory Agency (CRA) issued three formal complaints that involve numerous alleged violations by Trucenta LLC, a vertically integrated company that is involved in cultivation, processing, manufacturing, wholesale distribution, and retail....

Ohio’s Cannabis Sales Tops $143 Million In First 4 Months

Nov 6, 2024 | Great Lakes Region

Ohio's recreational cannabis market has experienced a remarkable rise since its official rollout in August 2024. In less than four months, the state has accumulated over $143 million in recreational sales, according to the Ohio Department of Commerce Division of...

TerrAscend To Enter Ohio With Pending Purchase Of Ratio Cannabis

Nov 6, 2024 | Great Lakes Region

TerrAscend Corp. announced in a press release the signing of a definitive agreement to acquire the assets of Ratio Cannabis LLC in Goshen Township, Ohio, for $10.3 million. Upon closing, this acquisition will be TerrAscend’s initial entry into Ohio, the Company’s...

Two Pro-Cannabis Proposals Go Down In Flames In Mid-Michigan

Nov 6, 2024 | Feature, Great Lakes Region, Michigan

It was a bad night for pro-marijuana proposals in Mid-Michigan. Unofficially two questions to allow marijuana sales in two towns failed. In Mason 2,675 voters said no and 1,979 said yes, leading to it being defeated 57.5% to 42.5%. There were similar results in Howell...

Michigan Court Case Sets Precedent For Drug Recognition Experts

Nov 6, 2024 | Great Lakes Region, Michigan

Cara King needed smokes. Before she hopped into her aunt’s silver Mazda 6 to head to the gas station, the 27-year-old took a hit of marijuana. While it’s been legal to smoke marijuana in Michigan since 2018, it is still illegal to drive while high. But police...