The Business of Cannabis

Nov. 8 Results Split On 32 Local Michigan Cannabis Ballot Proposals

Nov 10, 2022 | Feature, Great Lakes Region, Michigan

Michigan had 32 local ballot proposals asking voters whether they wanted marijuana sales in their communities, and the results were split. Of 32 proposals, 15 passed and 17 failed. However, two of the ballots proposals that failed in Macomb County’s Memphis city were...

Michael Thompson Opens Up About Being Michigan’s Longest Serving Non-Violent Offender

Nov 2, 2022 | Feature, Great Lakes Region, Michigan

Michael Thompson never imagined that selling marijuana would have landed him in prison for decades. But that’s what happened after he was caught selling three pounds of weed to a confidential informant in Genesee County in 1994. While he languished behind bars, his...

Where Does Michigan’s Gubernatorial Candidates Stand On Cannabis?

Nov 2, 2022 | Feature, Great Lakes Region, Michigan

Incumbent: Democratic Gov. Gretchen Whitmer 2022 Candidates:   Gretchen Whitmer (Democrat)  Tudor Dixon (Republican)  Current Reform Status: Adult-use and medical   What’s at stake?  Michigan’s cannabis market has boomed and...

Where Candidates Stand on Cannabis in All 36 Gubernatorial Races

Nov 2, 2022 | National

At least eight states will have new governors in 2023: Arizona, Arkansas, Hawaii, Maryland, Massachusetts, Nebraska, Oregon and Pennsylvania. Overall, 36 gubernatorial seats are being contested on Nov. 8 ballots, with the winner of each race gaining executive power to...

Debt Financing Eclipses Equity In US Marijuana Cultivation And Retail Fundings

Nov 2, 2022 | National

Capital raises in the U.S. marijuana industry are down nearly 65% this year versus 2021, but lower stock prices and more creditworthy cannabis companies mean debt financing is now the preferred method to raise funds for the first time in years. Equity financing had...