Marijuana Business

Marijuana business news and information resource for the medical marijuana and retail cannabis industry.

Michigan February Cannabis Sales $261.1 Million, Up 10 Percent From January

LANSING - Michigan cannabis sales in February totaled $261.1 million, up nearly 10 percent from the $242.8 recorded in January. Total includes both adult-use and medical sales. Adult-use sales were $257.9 million, and medical only $2.2 million. For medical cannabis the average ounce sales price was $102.16 and for adult-use $91.94, the Cannabis Regulatory Agency reported.

By |2024-03-14T16:53:16-04:00March 14th, 2024|Featured, Marijuana Business, News|

DEA Officials At Odds With Biden Admin Over Marijuana Rescheduling Push

WASHINGTON DC - Officials with the Drug Enforcement Administration are reportedly resisting calls to reschedule marijuana, creating tension with the White House as President Joe Biden continues to tout his role in directing the cannabis review. That’s according to an article published by The Wall Street Journal on Saturday, with the report citing “people familiar

By |2024-03-13T11:28:58-04:00March 13th, 2024|Marijuana Business, News|

Pew: Nearly 80 Percent Of Americans Have A Cannabis Dispensary In Their County

WASHINGTON DC - Seventy-nine percent of Americans reside in a county that has at least one licensed marijuana retailer, according to data published today by the Pew Research Center.The Pew analysis estimates that nearly 15,000 dispensaries are currently operating in the United States. While cannabis retailers are relatively common on the west coast, in the northeast,

By |2024-03-04T16:50:56-05:00March 3rd, 2024|Marijuana Business, News|

$87 Million In Michigan Cannabis Tax Collections For 2023 To Be Shared With Municipalities And Counties, 46 Percent Increase From 2022

LANSING - The Michigan Treasury Department reported Thursday that 198 municipalities will receive $43.5 million from marijuana taxes collected from 737 cannabis dispensary licenses, while 71 of the state’s 83 counties will reap the same $43.5 million in cannabis taxes. The remaining 12 have opted out of allowing cannabis dispensaries. Each eligible municipality and country

By |2024-03-01T13:57:17-05:00March 1st, 2024|Featured, Marijuana Business, News|

Biden Missing Opportunity To Sway Young Voters On Legalizing Cannabis

WASHINGTON DC - Cannabis advocates say President Biden is missing an opportunity to sway young voters with his reluctance to take bigger steps to legalize marijuana at the federal level. The Biden administration has opened several avenues for marijuana reform including issuing federal pardons for simple possession and starting the process of potentially rescheduling marijuana’s status under

By |2024-02-24T12:35:52-05:00February 24th, 2024|Marijuana Business, News, Politics, Politics/Government|

$6.3 Million Illegal Cannabis Grow In Highland Park Busted By State Police

HIGHLAND PARK  - Michigan State Police uncovered a large-scale marijuana grow operation in Highland Park Feb 21, seizing an estimated millions of dollars in illicit pot during the investigation. More than 4,000 marijuana plants were discovered inside a structure on Feb. 21 when state police's marijuana & tobacco investigation team executed a search warrant. According to a post from police

By |2024-02-24T12:35:53-05:00February 24th, 2024|Featured, Marijuana Business, News|

An Ancient Tomb Revealed A Potent Surprise: 17th Century Bones Contained THC

NEW YORK - Marijuana was popular enough centuries ago that it became part of peoples’ bones. And now there’s scientific research to prove it. Researchers in Italy recently detected traces of Delta-9 THC and CBD—both from the cannabis plant—in bone samples dating back to the 1600s. “This study reports the first physical evidence of cannabis use

By |2024-02-15T10:46:33-05:00February 15th, 2024|Featured, Marijuana Business, News|

January Michigan Cannabis Sales Top $242 Million, Big Drop From Record-Breaking December

LANSING - Michigan January cannabis sales totaled $242,812,694, according to the Cannabis Regulatory Agency, with $240,289,360 for adult-use sales, and just $2,523,333 sold to medical marijuana patients. The January total represented a big drop from the record-breaking $280 million sold in December, but still higher than the $207 million sold in January 2023. Michigan collected

By |2024-02-14T16:41:26-05:00February 14th, 2024|Featured, Marijuana Business, News|

C3 Industries Opens Its First Cannabis Dispensary In New Jersey

ANN ARBOR - Ann Arbor-based C3 Industries announced it is expanding its operational footprint with the opening of its first cannabis retail location in New Jersey, High Profile Lakehurst, and its 24th dispensary nationwide. The new dispensary location began serving cannabis consumers 21 years and older daily in-store and through its convenient online ordering, drive-thru

By |2024-02-14T16:06:59-05:00February 14th, 2024|Marijuana Business, News|

Scientists Develop New Method To Test For Recent Marijuana Use With 96 Percent Accuracy

WASHINGTON DC - Scientists say they’ve identified an alternative way to test for recent marijuana use that’s significantly more accurate than standard THC blood tests that sometimes misrepresent a person’s potential impairment depending on frequently they use cannabis. And they’re actively working to build on that research with an expanded study. The initial study, which

By |2024-02-04T11:06:36-05:00February 4th, 2024|Marijuana Business, News|