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Marijuana Business

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

Analysis: State-Legal Cannabis Sales Top $30 Billion in 2024

DETROIT - Sales of state-licensed cannabis products totaled $30.1 billion in 2024, according to data compiled by Vangst Staffing and Whitney Economics. This total represents a 4.5 percent increase year-over-year. Analysts expect sales to top $34 billion in 2025. Certain states – including New York, Mississippi, and Ohio – also experienced a significant increase in full-time cannabis-related job growth

By |2025-05-26T18:52:23-04:00May 23rd, 2025|Featured, Marijuana Business, News|
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King City Gardens: Battled Supply Chain Woes, Tight Regulatory Deadlines, Labor Hurdles To Open In Ohio

CINCINNATI - On the surface, King City Gardens may seem like other successful up-and-coming cannabis operations. The Cincinnati-based company cultivates 25,000 square feet of double-tiered canopy within an 88,000-square-foot footprint, giving them plenty of room to grow. But dig a little deeper, and you’ll discover the path to where they are today was anything but

By |2025-05-20T18:07:27-04:00May 20th, 2025|Marijuana Business, News|
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MSO TerrAscend Buys Ohio Dispensary, Marking Operations In 6 States

TORONTO - TerrAscend Corp. has closed on its acquisition of Ohio retailer Ratio Cannabis for $10.3 million, marking the marijuana multistate operator ’s entry into its sixth state. The previously announced acquisition increases TerrAscend’s retail footprint to 39 dispensaries in six states and Canada, according to a company news release. TerrAscend, which has offices in Toronto

By |2025-05-17T17:34:23-04:00May 17th, 2025|Marijuana Business, News|
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Michigan April Pot Sales Down From March, Despite 420 Holiday Surge

LANSING - Michigan April cannabis sales declined 2.5 percent, from $276 million in March to $270.2 million last month, with medical sales down to just roughly $500,000 in April, the Cannabis Regulatory Agency reported Tuesday. In one of those good news versus bad news twists, consumers purchased more pot in April – when the 420

By |2025-05-14T18:06:07-04:00May 14th, 2025|Featured, Marijuana Business, News|
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Boxer Shields Promises KO In Detroit Return, Explains Overturned Pot Suspension

DETOIT - Claressa Shields is returning to Detroit with a promise of fireworks. Shields, A Flint native and the top pound-for-pound fighter in women's boxing, is returning to fight at Little Caesars Arena in downtown Detroit on July 26 against New Zealand fighter Lani Daniels. Shields will be putting her undisputed women's heavyweight title on the

By |2025-05-14T18:01:59-04:00May 14th, 2025|Marijuana Business, News|
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Cannabis Regulatory Agency Takes Disciplinary Action Against Licensees Throughout Michigan

LANSING - Administrative formal complaints and disciplinary actions taken against adult-use/medical licensees in April are now available for review in the Cannabis Regulatory Agency’s April 2025 Disciplinary Action Report. This month’s disciplinary actions: Burton 123 Grow, LLC, AU-G-C-001409 (METRC non-compliance, sampling and testing) Mt. Clemens 222 Companies, LLC dba Joyology of Mt. Clemens, AU-R-001216 (Surveillance/security) Cheboygan 600 Riggs

By |2025-05-14T14:19:43-04:00May 14th, 2025|Marijuana Business, News|
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35 People Testify Against Ohio Bill That Would Reduce THC Levels, Redirect Tax Revenue

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

By |2025-05-11T10:43:05-04:00May 10th, 2025|Marijuana Business, News|
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New Cannabinoid Discovered In Cannabis That Could Treat Forms Of Cancer

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

By |2025-05-11T10:45:55-04:00May 8th, 2025|Life Sciences, Marijuana Business, News|
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Ohio Senate Would Require Hemp Products Be Sold Only At Dispensaries

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

By |2025-05-11T10:45:57-04:00May 7th, 2025|Marijuana Business, News|
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TerrAscend Acquires Ohio Dispensary, Entering 6th State Market

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.

By |2025-05-11T10:45:57-04:00May 7th, 2025|Marijuana Business, News|
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