The Business of Cannabis

$1.75 Million In Cannabis Taxes Flowing Into Kalamazoo County Budget

Oct 16, 2023 | Feature, Great Lakes Region, Michigan

As Michigan’s cannabis market matures, cash from sales of the plant and its derived products are driving an unprecedented tax windfall in Kalamazoo County. The 2024 county budget anticipates $1.75 million in cannabis tax revenue over the coming year, according to a...

Marijuana Rescheduling Would ‘Supersize’ The Industry, Former DEA Heads And White House Drug Czars Warn Biden Administration

Oct 16, 2023 | National

Six former Drug Enforcement Administration (DEA) heads and five former White House drug czars have sent a letter to the attorney general and current DEA administrator, voicing opposition to the top federal health agency’s recommendation to reschedule marijuana. They...

Human Use Of Cannabis—For Food, Fiber And Psychoactive Effects—Stretches Back Millennia, New Report Says

Oct 10, 2023 | International

A new paper in the European Journal for Chemistry traces the history of cannabis through “thousands of years of contact with mankind,” noting the plant’s legacy as a source of fiber, nutrition, medicine, spirituality and pleasure. At the same time, it notes that...

Legislature Votes to Allow Marijuana Agreements With Indian Tribes, Exempt Them From Taxes

Oct 10, 2023 | Feature, Great Lakes Region, Michigan

The Michigan House of Representatives voted 90 to 15 Oct. 6 to pass Senate Bill 180, a little less than four months after the measure passed the Senate 29 to 9. The proposed law will soon be sent to the desk of Governor Gretchen Whitmer, and a spokesperson for...

Report: Arizona Social Equity Licenses Mostly Owned By Investors, Corporations

Oct 10, 2023 | National

The vast majority of cannabis social equity business permits in Arizona are ending up controlled by the exact demographic for which they were not intended. Of the 26 social equity licenses issued by the state last year – which were intended for entrepreneurs...