The Business of Cannabis

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...

Lume Cannabis Signs Letter Of Intent To Take Over Skymint Dimondale Grow

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

Lume Cannabis Co. plans to take over the large cannabis grow facility near Lansing that’s being abandoned by competitor Skymint.  Lume signed a letter of intent on Friday to become the lessee of the 56,000-square-foot Harvest Park facility at 10070 Harvest...

Michigan’s Cannabis Industry Turns 5 – What’s In Store For 2024

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

Michigan’s cannabis industry sold $3 billion in both recreational and medical marijuana in 2023, making the state the second biggest cannabis market in the U.S. behind only California. Prices remained relatively low for consumers and sales show no sign of...