The Business of Cannabis

January Michigan Cannabis Sales Down From December

Feb 13, 2025 | Feature, Great Lakes Region, Michigan

The good news is Michigan cannabis sales in January rose from January 2024, but fell from December 2024. Looking at the numbers, January 2025 cannabis sales – including medical marijuana – totaled $247.3 million, up just under 2 percent from January 2024. Medical...

Pincanna Lays Off Some Grow Employees To Reduce Costs In Wake Of Collapsing Cannabis Prices

Feb 12, 2025 | Feature, Great Lakes Region, Michigan

Pincanna has temporarily shuttered part of its grow facility and laid off employees in the wake of collapsing cannabis prices. “The oversupply of cannabis in Michigan has created a highly-competitive and unsustainable market,” Rob Nusbaum, founder and owner of the...

Will Trump Keep Campaign Promise To Legalize Cannabis?

Feb 12, 2025 | National

As the first weeks of President Donald Trump’s second term wind down, the cannabis industry is holding its breath. Was Trump’s campaign-trail support for legalization just another empty promise, or is there hope for meaningful reform? The answer, as always with Trump,...

Trump Names Anti-Cannabis Hardliner DEA Administrator

Feb 12, 2025 | National

President Trump has nominated Terrance C. Cole to serve as the next administrator of the Drug Enforcement Administration, replacing acting director Derek Maltz. Cole, a longtime DEA veteran who currently serves as Virginia’s secretary of Public Safety and Homeland...

Whitmer Proposes 32 Percent Wholesale Tax On Michigan Adult-Use Cannabis Products

Feb 11, 2025 | Feature, Great Lakes Region, Michigan

Governor Gretchen Whitmer is proposing levying a 32 percent wholesale tax on the sale of adult-use marijuana products to fix Michigan’s roads by adding about $3 billion in additional infrastructure funding each year without commuters paying more. Whitmer unveiled the...