The Business of Cannabis

DEA: Average THC Potency Of Illicit Marijuana Flower Is 16 Percent

May 15, 2024 | National

The 16% potency is an increase of 29% from 2021, according to the DEA. “The potency of THC in leafy marijuana is at an all-time high, increasing the potential risk of negative effects on users of any form of the drug, and on children who may consume edibles made with...

SNDL Continues Skymint Purchase Despite Litigation

May 8, 2024 | Feature, Great Lakes Region, Michigan

Canadian cannabis company SNDL Inc. (NASDAQ: SNDL) said May 1 its affiliate, SunStream USA, will proceed with the acquisition of equity stakes in U.S. multistate operators Parallel and Skymint, even as legal battles remain over the targeted acquisitions. SNDL said its...

Marijuana Edibles, Vape Pens In Michigan Schools Prompt Calls For Reform

May 8, 2024 | Feature, Great Lakes Region, Michigan

Six years after Michigan voters chose to legalize recreational marijuana, some education leaders are calling on the state to do more to combat use in schools.  There’s been an “alarming” rise in student consumption of pot edibles and use of vape...

Next Cannabis Regulatory Agency’s Statewide Municipal Summit May 14

May 8, 2024 | Feature, Great Lakes Region, Michigan

In response to the positive feedback from the Cannabis Regulatory Agency (CRA) ‘s statewide municipality summits and in keeping with its commitment to transparent communication with stakeholders, the CRA has announced the date and time for its next statewide municipal...

Dispensaries Could Make More Money If Feds Reclassify Cannabis To Schedule III, Write Off Advertising

May 8, 2024 | National

Michigan marijuana shops could pocket more money as the U.S. Drug Enforcement Administration moves to reclassify marijuana as a less-dangerous drug. The change could exempt cannabis retailers from tax restrictions that eat into their profits.  ...