The Business of Cannabis

Michigan’s April Cannabis Sales Top $275 Million, Down $10 Million From March

May 16, 2024 | Feature, Great Lakes Region, Michigan

The Cannabis Regulatory Agency reported Wednesday that $278,546,443 in marijuana and marijuana products sold legally in April, down about $10 million from the record $288 million sold In March. Medical cannabis sales represent 0.8% of Michigan’s overall marketplace so...

Divided Supreme Court Rules No Quick Hearing Required When Police Seize Property In Drug Crimes

May 15, 2024 | National

A divided Supreme Court ruled Thursday that authorities do not have to provide a quick hearing when they seize cars and other property used in drug crimes, even when the property belongs to so-called innocent owners. By a 6-3 vote, the justices rejected the...

Michigan Supreme Court Hears Oral Arguments On Warren Marijuana Case

May 15, 2024 | Feature, Great Lakes Region, Michigan

The Michigan Supreme Court heard oral arguments Wednesday morning in a case alleging Warren’s Marijuana Review Committee violated the state Open Meetings Act multiple times. Plaintiffs in the case, Pinebrook LLC et. al. vs. City of Warren and Livwell Michigan LLC et,...

Marijuana Hospitalizing Michigan Kids At Worrisome Rate After Legalization

May 15, 2024 | Feature, Great Lakes Region, Michigan

In the five years since Michigan voters approved recreational pot, cannabis culture has engulfed everyday life, especially in Detroit. Billboards promising speedy weed delivery are everywhere. So too is a distinct skunky smell that lingers on streets, alleyways, and...

With Cover Of Rescheduling, MSOs Already Trying To Seize 280E Tax Savings

May 15, 2024 | National

Publicly traded cannabis companies are looking to their tax returns to save tens of million of dollars this year – and possibly recoup taxes paid in previous years. Another spate of announcements from multistate operators that have begun amending their federal returns...