The Business of Cannabis

NBA Signs Contract Removing Marijuana From Banned Substances List, Allowing Players To Invest In Cannabis Companies

Jul 5, 2023 | National

The National Basketball Association (NBA) and its players union have officially signed a collective bargaining agreement that removes marijuana from the league’s banned substances list and lays out rules allowing players to invest in and promote cannabis brands—with...

Teen Marijuana Employment Bill Burns Out A Few Votes Short Of Supermajority

Jul 5, 2023 | Feature, Great Lakes Region, Michigan

Among the last-minute bills taken up by the Michigan House Wednesday night was Rep. Kevin COLEMAN (D-Westland) legislation allowing 19-year-olds to work at marijuana establishments, which failed to receive the necessary three-fourths supermajority...

Canopy Growth Sells Property, Assets in Bid to Raise Cash

Jul 5, 2023 | National

Beleaguered Canada-based Canopy Growth Corp. announced Thursday that it sold one of its California facilities in the town of Modesto. The sale brings Canopy to C$81 million in income from unloading five total properties since April 1, as the company scrambles to deal...

Are Michigan Marijuana Customers Getting Ripped Off By Inflated THC Potency Claims?

Jul 5, 2023 | Great Lakes Region, Michigan

Michigan cannabis customers enjoy strong weed, but many within the industry say high demand has led to questionable conduct by greedy marijuana growers, producers and testing labs. Growers pressure labs for the higher potency results, and sometimes labs bend science...

Menominee Allows Unlimited Marijuana Licenses

Jul 5, 2023 | Great Lakes Region, Michigan

Menominee City Council voted 5-3 last Thursday to pass a law allowing unlimited marijuana licenses. Council Members Joe Dulak, Josh Jones, Jackie Nutter, Bill Plemel and Doug Robinson voted for the ordinance. Michael DeDamos, Donna Marineau and Mayor Jean Stegeman...