The Business of Cannabis

Federally Funded Survey: Marijuana Use By Teens Remains Below Pre-Pandemic Levels

Dec 19, 2023 | National

Federally funded survey data provided by the University of Michigan reports that rates of teen marijuana use remain near historic lows. Consistent with data provided last month by the Substance Abuse Mental Health Services Administration’s...

Cannabis Beats Booze, Says Report

Dec 19, 2023 | National

A new report from TD Cowen analyst Vivien Azer said legal cannabis is driving consumers away from alcohol. The long time cannabis equity analyst wrote: “Alcohol sales in legal cannabis states have underperformed by 100-150 bps over the past five years. With $29...

Trend Of Distressed Michigan Dispensaries Closing Without Paying Vendors

Dec 19, 2023 | Feature, Great Lakes Region, Michigan

A trend has begun in the Michigan marijuana community of financially strapped dispensaries closing up shop quietly without paying off sizable debts, leaving vendors with little recourse but to try and sue. According to MLive.com, “cut-and-run” situations where...

Michigan Cannabis Sales Decline Slightly In November For Fourth Month In A Row

Dec 13, 2023 | Feature, Great Lakes Region, Michigan

Michigan cannabis sales in November totaled $260.5 million, down less than 1 percent from October, but representing the fourth consecutive month sales have declined. The good news is sales rose 28 percent from November 2022. Adult-use sales were up 35.2 percent from a...

Where Can You Buy Cannabis In Ohio?

Dec 13, 2023 | Great Lakes Region

Recreational marijuana is legal in Ohio as of Dec. 7, but when and where you can buy it remains up in the air. Voters approved an initiated statute last month, known as Issue 2, that allows adults 21 and older to use and grow cannabis. The measure’s passage...