Marijuana Business Archives

Michigan’s Cannabis Industry Top Market Per Capita In Nation

Michigan’s Cannabis Industry Top Market Per Capita In Nation

DETROIT - Michigan is now the top marijuana market in the country — based on per capita spending. Through the first seven months of the year, Michigan's marijuana industry sold $1.7 billion worth of product ($58.8 million in medical marijuana and $1.644 billion in recreational), according to data from the Michigan Cannabis Regulatory Agency. Michigan weed

By Crains Detroit|2023-08-21T10:06:27-04:00August 21st, 2023|Featured, Marijuana Business, News|

UM Study: Record Numbers Of Adults Getting High And Binge Drinking

UM Study: Record Numbers Of Adults Getting High And Binge Drinking

ANN ARBOR - Binge drinking and the use of marijuana and hallucinogens among adults ages 35 to 50 reached an all-time highs in 2022 Marijuana use and vaping reached record highs among adults ages 19 to 30. The 2022 findings are part of the most recent installment of the Monitoring the Future study. Funded by the National

By Crains Detroit|2023-08-21T10:06:28-04:00August 21st, 2023|Marijuana Business, News|

Michigan Cannabis Sales Set Monthly Record In July Topping $275 Million

Michigan Cannabis Sales Set Monthly Record In July Topping $275 Million

LANSING - Cannabis legal sales in Michigan in July leaped 6.1 percent from June to a record $275.7 million, putting cannabis sales in 2023 on a $3 billion run rate. Another impressive stat released Friday by the Cannabis Regulatory Agency is on a day-by-day basis, sales increased by 2.7 percent. Taking a closer look at

By Mike Brennan|2023-08-13T18:59:46-04:00August 13th, 2023|Featured, Marijuana Business, News|

Take Your High On A Cannabis Vacation In Michigan

Take Your High On A Cannabis Vacation In Michigan

DETROIT - We are blessed to have the Great Lakes, Detroit River, and the forests of the Upper Peninsula in our own backyards. Of course, you can appreciate these waterfalls, lakes, and dunes when you’re not high, but smoking a fatty from a hammock surrounded by trees and lakes makes us feel more grounded. So

By Mike Brennan|2023-08-01T17:10:03-04:00August 1st, 2023|Marijuana Business, News|

Federal Cannabis Legalization Won’t Happen Soon, Analyst Predicts

Federal Cannabis Legalization Won’t Happen Soon, Analyst Predicts

WASHINGTON DC - Further consolidation of the cannabis industry and more cross-border transactions and listings on the Toronto Stock Exchange are likely over the next 18 months, but full U.S. legalization is not, cannabis analyst Pablo Zuanic said Monday. “We do not expect major breakthroughs at the federal level in the U.S. before the third

By Staff Writer|2023-07-24T19:04:51-04:00July 24th, 2023|Marijuana Business, News|

Actress Gwyneth Paltrow’s THC-Infused Sparkling Water Brand Raking In $750,000 Monthly

Actress Gwyneth Paltrow’s THC-Infused Sparkling Water Brand Raking In $750,000 Monthly

SAN FRANCISCO - The cannabis industry is rolling out the red carpet for actress-turned-wellness guru Gwyneth Paltrow, who is quietly "dominating" California's market alongside other stars after backing an increasingly popular THC-infused sparkling water brand. Cann sells cannabis-infused sparkling waters in a number of unique flavors including blood orange cardamom – a favorite with nearly 160

By Staff Writer|2023-07-23T16:20:22-04:00July 21st, 2023|Featured, Marijuana Business, News|

Study: Cannabis Use Enhances ‘Runner’s High’ During Exercise

Study: Cannabis Use Enhances ‘Runner’s High’ During Exercise

WASHINGTON DC - The use of cannabis prior to running is associated with greater feelings of enjoyment and tranquility, according to data published in the journal Cannabis and Cannabinoid Research. Study participants ran an average of 3.88 miles. Participants reported “a more positive exercise experience” when they ran immediately after having used cannabis as compared to when

By Staff Writer|2023-07-19T08:55:38-04:00July 18th, 2023|Marijuana Business, News|

NBA Removes Cannabis From Prohibited Substances List

NBA Removes Cannabis From Prohibited Substances List

NEW YORK - League officials and the NBA Players Association have signed a collective bargaining agreement that drops cannabis from its list of banned substances. The new agreement codifies changes first implemented on a temporary basis in 2020 limiting the ability of league officials to randomly screen players for cannabis and to punish those who test positive. Under

By Staff Writer|2023-07-09T15:05:48-04:00July 9th, 2023|Marijuana Business, News|

Report: Only 24.4 Percent Of U.S. Cannabis Businesses Are Profitable

Report: Only 24.4 Percent Of U.S. Cannabis Businesses Are Profitable

LONDON, UK - Whitney Economics, a cannabis economics data, consulting and research firm, has published its second annual Cannabis Operator Sentiment and Business Conditions survey report. The survey measured shortages and surpluses in materials, services and labor inputs against future expectations. Expected revenues, profits, margins, costs and other basic business measurements are also revealed. Key

By Staff Writer|2023-06-30T13:54:24-04:00June 30th, 2023|Featured, Marijuana Business, News, Uncategorized|

Cannabis-Friendly Credit Card Processing Offered By Desert Creek Ventures

Cannabis-Friendly Credit Card Processing Offered By Desert Creek Ventures

ANN ARBOR - The Michigan cannabis community has had difficulty getting approval by credit card companies to pay for cannabis. Now with a new product from Desert Creek Ventures, a binary credit card processing system will let anyone use credit cards to pay for their purchases. William Shaw is introducing this legal financial process to

By Mike Brennan|2023-06-12T09:11:03-04:00June 12th, 2023|Marijuana Business, News|