The Business of Cannabis

Who Voted Yes On Marijuana Tax In House?

Oct 7, 2025 | Feature, Great Lakes Region, Michigan

As Michigan lawmakers finally approved a budget, one piece of the deal included a new tax on wholesale marijuana sales that is intended to help fund future road work. The road plan relies on the 24% wholesale tax on marijuana, and is about half as big as the...

Scientists Discover New Cannabis Compound With ‘Remarkable Antioxidant And Skin Anti-Inflammatory’ Benefits

Oct 5, 2025 | National

A new cannabis compound that appears to have “remarkable antioxidant and skin anti-inflammatory” properties has been discovered by scientists. The isolated cannabinoid, classified as cannabizetol (CBGD), shows promise for the expanding base of knowledge regarding the...

Michigan Legislature Approves 24 Percent Pot Wholesale Tax

Oct 3, 2025 | Feature, Great Lakes Region, Michigan

Michigan lawmakers unveiled and approved a long-awaited budget that makes funding cuts to many state agencies while allocating an extra $1.1 billion to the Michigan Department of Transportation, which is responsible for fixing state roads and bridges. And shortly...

Feds Call Marijuana A ‘Deadly’ Drug And Say Even Medical Cannabis Has ‘Serious Consequences’

Oct 1, 2025 | National

Federal officials are calling marijuana a “deadly” drug—touting their efforts to seize it and other illegal substances—while also warning that possessing cannabis, even for medical use, carries “serious consequences.” As President Donald Trump considers a cannabis...

Lume Cannabis Buy 3 Former Gage Dispos In Grand Rapids, Center Line, Morenci

Oct 1, 2025 | Feature, Great Lakes Region, Michigan

Lume Cannabis Co. announced in a press release it plans to acquire and operate former Gage Growth locations in Grand Rapids, Center Line and Morenci, showcasing the company’s continued growth and its fiscal stability in Michigan’s competitive cannabis market. The...