COLUMBUS - Thirty-five people submitted opponent testimony against Ohio House Bill 160, which would reduce THC levels and redirect most of the tax revenue. State Rep. Brian Stewart, R-Ashville, introduced the bill two months ago and opponents testified against the bill for more than three hours during Wednesday’s House Judiciary Committee meeting. “H.B. 160 imposes a litany of negative changes
DEARBORN - Ford Motor said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS
SOUTH KOREA - Researchers have announced that they’ve successfully identified a new cannabinoid—cannabielsoxa—produced by the marijuana plant as well as a number of other compounds “reported for the first time from the flowers of C. sativa.” The team of government and university researchers out of South Korea also evaluated 11 compounds in cannabis for antitumor
COLUMBUS - The Ohio Senate unanimously passed a bill that would regulate intoxicating hemp and drinkable cannabinoid products. Ohio Senate Bill 86 would require intoxicating hemp products to be sold only at adult-use marijuana dispensaries instead of allowing them to be sold at CBD stores, convenience stores, smoke shops, or gas stations. The bill now moves
COLUMBUS - Canadian-based TerrAscend Corp. announced it has closed on its previously announced acquisition of the assets of Ratio Cannabis LLC, a cannabis dispensary located in Goshen Township, Ohio. The acquisition represents TerrAscend's initial entry into its sixth state, Ohio. This acquisition increases TerrAscend's retail footprint to 39 dispensaries across six U.S. states and Canada.
DEARBORN - Ford has been touting its American-made roots as Trump's tariffs target international automakers, but the company's CEO has warned it's still dependent on global trade to make its vehicles. Jim Farley, appearing on CNN, said Ford will be affected when tariffs go into effect this Saturday on auto parts, which could raise consumer prices. And
COLUMBUS, Ohio - Ohioans are paying less for marijuana than when recreational sales began but prices remain much higher than Michigan. When recreational sales launched in August 2024, the average price of flower was $9.40 per gram. Now, it costs about $6.30, according to data from the Ohio Division of Cannabis Control. That’s progress, but not enough
SEATTLE - Chinese airlines have begun returning Boeing aircraft to the U.S., with one 737 Max recently landing back at a Boeing production hub in Seattle over the weekend, according to Reuters. The April 20 return occurred shortly after China ordered its airlines not to take further deliveries of Boeing aircraft in response to the
LANSING - Cannabis Regulatory Agency Executive Director Brian Hanna told state lawmakers this week that the cannabis industry is under extreme pressure from falling prices, black market activity and the growing unregulated, intoxicating hemp products sold in gas stations and other retailers that compete with licensed products sold through dispensaries. Hanna said at a regulatory
LANSING - The Michigan Strategic Fund Board officially established the Michigan Innovation Fund on Tuesday, allocating $60 million toward evergreen venture capital funds. The board’s vote was necessary to finalize the implementation of the fund after Gov. Gretchen Whitmer signed a package of bills spurring its creation in January. The Michigan Innovation Fund is the largest funding
