Marijuana Business Archives

Ohio Cannabis Rollback Begins: Consumers Lose Rights After Petition Drive Fails — Could Michigan Be Next?

Ohio Cannabis Rollback Begins: Consumers Lose Rights After Petition Drive Fails — Could Michigan Be Next?

SPECIAL REPORT: Cannabis Policy Shift COLUMBUS - Ohio cannabis consumers are waking up today to a reality few expected when they voted to legalize marijuana just over a year ago. They lost control of the system. A last-minute petition drive aimed at stopping Senate Bill 56—the legislature’s sweeping rewrite of Ohio’s voter-approved cannabis law—failed to

By Mike Brennan|2026-03-20T13:47:04-04:00March 20th, 2026|Marijuana Business, News|

Michigan Cannabis Sales Rebound in February, But Industry Leaders Warn More Closures Are Coming

Michigan Cannabis Sales Rebound in February, But Industry Leaders Warn More Closures Are Coming

LANSING - Michigan’s cannabis market showed a modest rebound in February, but industry leaders say the numbers hide a more troubling reality: a price war, oversupply, and mounting financial pressure that could force weaker operators out of business in 2026. According to newly released state data, Michigan cannabis sales reached $234.6 million in February, up

By Mike Brennan|2026-03-19T12:53:24-04:00March 19th, 2026|Marijuana Business, News|

Ohio Voters Have Days Left To Stop Lawmakers From Rewriting Legal Cannabis Law

Ohio Voters Have Days Left To Stop Lawmakers From Rewriting Legal Cannabis Law

COLUMBUS — Ohio voters are down to the final days to decide whether they will have a direct say in the future of the state’s cannabis law — or allow lawmakers to rewrite it. A citizen-led petition drive to challenge Senate Bill 56 (SB56) faces a hard deadline of March 19. If supporters fail to

By Mike Brennan|2026-03-17T10:46:55-04:00March 17th, 2026|Marijuana Business, News|

Michigan Cannabis Licenses Decline as Industry Shakeout Forces Growers and Dispensaries to Exit

Michigan Cannabis Licenses Decline as Industry Shakeout Forces Growers and Dispensaries to Exit

LANSING - Michigan’s once booming cannabis industry is beginning to contract as the number of active marijuana business licenses declines and hundreds of previously issued licenses disappear from the market. Data from the Michigan Cannabis Regulatory Agency (CRA) shows that Michigan had about 2,171 active cannabis licenses by the end of 2025, covering growers, processors,

By Mike Brennan|2026-03-15T18:35:32-04:00March 15th, 2026|Marijuana Business, News|

As Cannabis Debit-Cards Get Shut Down, Genus Credit Services POB System Thrives

As Cannabis Debit-Cards Get Shut Down, Genus Credit Services POB System Thrives

ANN ARBOR - As legal cannabis sales surge nationwide, thousands of provisioning centers this month now face payment challenges. Across the United States, cannabis retailers are reporting disruptions to debit-style payment platforms long used to help cannabis businesses reduce reliance on cash. The shutdowns are the result of an undo interference on the part of

By Mike Brennan|2026-03-16T17:33:46-04:00March 13th, 2026|Featured, Marijuana Business, News|

Clock Ticking: Ohio Cannabis Industry Scrambles to Gather 250K Signatures Before Repeal Deadline

Clock Ticking: Ohio Cannabis Industry Scrambles to Gather 250K Signatures Before Repeal Deadline

COLUMBUS - The clock is ticking for Ohio’s cannabis industry. Advocates trying to overturn new marijuana restrictions passed by state lawmakers are racing to collect roughly 250,000 valid voter signatures before a March 19 deadline, a move that could suspend the controversial law and send the issue back to Ohio voters in 2026. If the

By Mike Brennan|2026-03-11T15:23:58-04:00March 11th, 2026|Marijuana Business, News|

Michigan Cannabis Sales Drop as 24% Tax Hits Industry

Michigan Cannabis Sales Drop as 24% Tax Hits Industry

LANSING -Michigan cannabis sales are falling sharply as a new 24% tax begins to impact the industry. Michigan cannabis sales recently dropped toward a two-year low, signaling growing pressure on a market once valued at over $3 billion. As new taxes, oversupply and pricing challenges converge, the industry now faces increasing uncertainty. Michigan’s legal cannabis

By Mike Brennan|2026-04-09T09:13:50-04:00March 9th, 2026|Featured, Marijuana Business, News|

Ohio AG Accuses Cannabis Giants of Cartel Behavior — Could It Impact Michigan’s $3B Market?

Ohio AG Accuses Cannabis Giants of Cartel Behavior — Could It Impact Michigan’s $3B Market?

COLUMBUS - Ohio Attorney General Dave Yost has filed a sweeping antitrust lawsuit accusing nine of the nation’s largest cannabis companies of operating a coordinated “cartel” designed to control market access and suppress competition. The lawsuit, filed in Franklin County Common Pleas Court, alleges the companies violated Ohio’s Valentine Act — the state’s primary antitrust

By Mike Brennan|2026-03-06T09:35:15-05:00March 6th, 2026|Marijuana Business, News|

Michigan’s 24% Cannabis Tax Faces Repeal Push and Industry Lawsuit

Michigan’s 24% Cannabis Tax Faces Repeal Push and Industry Lawsuit

LANSING - Michigan’s controversial 24 percent wholesale cannabis tax is facing challenges on two fronts — in the Legislature and in the courts — as lawmakers move to repeal the levy just months after it took effect. A bipartisan group of Michigan legislators has introduced bills that would eliminate the wholesale tax, arguing the measure

By Mike Brennan|2026-03-05T13:31:41-05:00March 5th, 2026|Marijuana Business, News|

$54,017 Per Store: How Michigan’s $93.7M Cannabis Tax Windfall Is Distributed In 2026

$54,017 Per Store: How Michigan’s $93.7M Cannabis Tax Windfall Is Distributed In 2026

LANSING - Michigan is sending nearly $94 million in adult-use marijuana tax revenue back to local governments across the state, with Detroit, Grand Rapids, Lansing and Ann Arbor among the largest municipal recipients. According to the Michigan Department of Treasury’s 2026 distribution report a total of $83,773,685.60 was distributed based on cannabis revenues collected during

By Mike Brennan|2026-03-03T11:49:43-05:00March 3rd, 2026|Marijuana Business, News|