The Business of Cannabis

Decoding Michigan’s Cannabis Boom – Record Sales Of $3B And $457M In Taxes In 2023

Jan 31, 2024 | Feature, Great Lakes Region, Michigan

In an unprecedented surge, Michigan’s cannabis industry hit a new milestone in 2023, with licensed dispensaries recording a staggering $3.06 billion in sales. This 25% increase from the previous year has not only boosted the local economy but also...

Survey: 32% Of Cannabis Consumers Would Return To Illicit Market If Schedule III Limits Access

Jan 31, 2024 | National

About one-third of cannabis consumers say that if the expected federal shift to Schedule III were to require prescription-based transactions at pharmacies instead of the well-established dispensary model, they would go back to relying on the illicit market. About...

Marijuana Momentum Heats Up Across The US

Jan 31, 2024 | Feature, National

We’re only a couple weeks into this year’s legislative season, and we’re already seeing a flurry of activity in state capitols nationwide. NORML is tracking dozens of cannabis-related bills in our Take Action Center. We have our eyes on legalization efforts in...

Another Cannabis Company To Exit Receivership Under New Owner

Jan 31, 2024 | Feature, Great Lakes Region, Michigan

Another embattled Michigan cannabis company is likely going to end up in the hands of its lenders. Jackson-based Comco LLC, doing business as Comco Wellness, is being put on the auction block by a court-ordered receiver after nine months in Jackson County Circuit...

Marijuana Sales Boom In Dry January As People Drink Less Booze

Jan 31, 2024 | National

Increasingly popular alcohol breaks like Dry January are buoying the emerging US cannabis market as more drinkers — especially younger ones — see marijuana as a healthier alternative. Emboldened by widening legalization in the U.S., cannabis sellers now actively...