The Business of Cannabis

Minnesota Regulators Crack Down On Cannabis Masquerading As Hemp

Jan 17, 2024 | Great Lakes Region

Minnesota’s cannabis regulators say they are developing an interagency plan to crack down on hemp retailers who are exploiting a legal loophole to pass off marijuana buds as industrial hemp. The state’s Office of Cannabis Management (OCM) said it suspects that some...

First Defendant In $14 million CBD Scam Gets 6½ Years In Prison, Fined $1.7 Million

Jan 17, 2024 | Canada

The founders of a Canadian hemp company who misappropriated funds and then threatened witnesses who testified against them have pled guilty in a New York federal court. Igor Palatnik and Vitaly Fargesen of CanaFarma Hemp Products Corp., Vancouver, were accused of...

Feds Release Marijuana Documents, Confirming Schedule III Recommendation Based On ‘Accepted Medical Use’

Jan 17, 2024 | National

The U.S. government has released hundreds of pages of documents related to its ongoing review of marijuana’s status under federal law, officially confirming for the first time that health officials have recommended the Drug Enforcement Administration (DEA) place...

Michigan Cannabis Regulatory Agency Accepting Applications For New $1 Million Grant Program

Jan 11, 2024 | Feature, Great Lakes Region, Michigan

Michigan’s Cannabis Regulatory Agency is offering for the first time $1 million in grants to its social equity licensees for employee education, business needs or community investment to encourage participation in the industry by people from communities that...

Judge: Viridis Can’t Revive Suit Against Cannabis Regulatory Agency

Jan 10, 2024 | FOUR20 Post, Great Lakes Region, Michigan

Viridis Labs and Viridis North cannot revive previously dismissed civil claims against the state’s Cannabis Regulatory Authority for a 2021 recall. Judge James Robert Redford held Viridis North and Viridis Laboratories’ 2023 request to proceed with damages against the...