The Business of Cannabis

Another Cannabis Company To Exit Receivership Under New Owner

Jan 31, 2024 | Feature, Great Lakes Region, Michigan

Another embattled Michigan cannabis company is likely going to end up in the hands of its lenders. Jackson-based Comco LLC, doing business as Comco Wellness, is being put on the auction block by a court-ordered receiver after nine months in Jackson County Circuit...

Senate Democrats Urge Biden To Deschedule Marijuana Entirely

Jan 31, 2024 | National

A group of 12 Senate Democrats on Monday urged the Biden administration to remove marijuana from the list of harmful drugs outlawed by the federal government, arguing that simply reclassifying it as less dangerous would be insufficient. Marijuana...

Michigan Cannabis Dispensary Gets $212,000 Fine After CRA Inspectors Find Pot In The Attic

Jan 31, 2024 | Feature, Great Lakes Region, Michigan

Inspectors found a black garbage bag containing nearly 20 pounds of untagged, untracked marijuana in the attic of a marijuana shop in Tuscola County’s Vassar. That’s one of the seven violations Michigan marijuana regulators cited in a Jan. 25 statement announcing...

Tobacco Giant’s CA$124 Million Investment In Marijuana Producer Organigram Approved

Jan 24, 2024 | Canada, International

Shareholders of Organigram Holdings Inc. approved tobacco giant British American Tobacco’s “transformational” investment in the Canadian cannabis producer, the company said following its annual general and special meeting. The deal, first announced last November,...

Hemp Industry Pushes Congress To Hold FDA Accountable With Hearing On CBD Regulation Inaction

Jan 24, 2024 | National

A coalition of hemp industry organizations are calling on a House committee to hold a hearing addressing the ongoing lack of Food and Drug Administration (FDA) regulations for products made with constituents of the crop such as CBD. In a letter addressed to House...