The Business of Cannabis

Embattled Skymint Regains Control Of 3 Michigan Dispensaries After Court Order

Apr 4, 2023 | Feature, Great Lakes Region, Michigan

Embattled cannabis firm Skymint reopened three dispensary locations last weekend after a court ruling settled a squabble between the company and an entity it acquired last year. Last month, Lansing-based Skymint entered into a court-appointed...

Lansing Power Players, Secret Deals Draw Feds’ Attention In Marijuana Probe

Mar 29, 2023 | Feature, Great Lakes Region, Michigan

The federal investigation into the licensing of medical marijuana businesses in Michigan has ensnared a high-profile Republican political operative who once took credit for “shaping” the law that created the ground rules for the industry. Steve Linder, a...

Congressman Blasts Federal Government’s ‘Hopelessly Out Of Step’ Marijuana Policy In Comments To Top Health Official

Mar 29, 2023 | National

The federal government is “hopelessly out of step” with the American public on marijuana legalization, a congressman said on Tuesday, addressing the head of the U.S. Department of Health and Human Services (HHS). At a hearing before the House Ways & Means...

Marijuana MSO TerrAscend Could List On Toronto Stock Exchange By Summer

Mar 22, 2023 | Canada

Marijuana multistate operator TerrAscend Corp. could become the first U.S. plant-touching company to list on the Toronto Stock Exchange by this summer if the restructuring plan it shared with shareholders and analysts wins TSX approval. And if the company is...

TerrAscend Contends It Overpaid For Gage Cannabis

Mar 22, 2023 | Feature, Great Lakes Region, Michigan

The struggling Michigan market evaporated profits for Canada’s TerrAscend Corp., one of the world’s largest marijuana companies. The publicly-traded company recorded a $332.5 million loss in 2022, largely due to $311.1 million in impairment charges tied to its...