The Business of Cannabis

January Michigan Cannabis Sales Top $242 Million, Big Drop From Record-Breaking December

Feb 14, 2024 | Feature, Great Lakes Region, Michigan

Michigan January cannabis sales totaled $242,812,694, according to the Cannabis Regulatory Agency, with $240,289,360 for adult-use sales, and just $2,523,333 sold to medical marijuana patients. The January total represented a big drop from the record-breaking $280...

Illinois Out-Of-State Resident Cannabis Sales Plummet In January

Feb 14, 2024 | Great Lakes Region

The Illinois Department of Financial and Professional Regulation announced last week recreational cannabis sales totals for January 2024. January out-of-state resident sales dropped to its lowest total since February 2020, the second month of...

Colorado Cannabis Sales Surpassed $1.5 Billion In 2023, Worst Year Since 2017

Feb 14, 2024 | National

Colorado cannabis sales in 2023 surpassed the $1.5 billion mark, the state Department of Revenue announced last week, down significantly from $1.7 billion in 2022 and a tumble of almost $700 million since 2021. In December, Colorado’s marijuana shops sold a...

Some Pontiac Voters Confused By Fragmented Feb. 27 Recreational Marijuana Ballot Question

Feb 14, 2024 | Feature, Great Lakes Region, Michigan

Betty Montgomery is confused about Pontiac’s recreational marijuana question on the upcoming Feb. 27 ballot. She’s not the only one.The 85-year-old Pontiac resident has been active in the community for most of her life and follows ballot issues but said she’s never...

California Tax Authorities To Auction Seized Cannabis Assets Over Unpaid Taxes

Feb 14, 2024 | National

If you’re looking for a used TV or some inexpensive extra mason jars, a good spot to check will be an auction in Los Angeles on Feb. 16 at 10 a.m., when the California Department of Tax and Fee Administration sells off seized assets from 10 L.A.-based cannabis...