Marijuana Business Archives

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|

iHemp Michigan Seeks To Rebuild Hemp Industry, Seeks State Help

iHemp Michigan Seeks To Rebuild Hemp Industry, Seeks State Help

ANN ARBOR - The Hemp industry in Michigan thrived 80 years ago. Then prohibition came. Under the 2018 Farm Bill Hemp was made legal to grow again, but the rebirth has been rocky at best. Dave Crabill, president of iHemp Michigan, appears on MITech TV to talk about what's need to make Hemp thrive once

By Mike Brennan|2023-06-11T12:51:46-04:00June 11th, 2023|Marijuana Business, mitechtv, News|

Living Coffin Turns Human Flesh Into Compost

Living Coffin Turns Human Flesh Into Compost

LONDON, UK - Want to become part of the environment when you die? Loop Living Cocoon has an answer, the world's first living coffin that enriches nature by biodegrading in just 45 days and gives human nutrients back in the most natural way. Yup. Sounds like the premise for a horror movie. The Loop Living

By Staff Writer|2023-05-30T08:31:55-04:00May 27th, 2023|Featured, Hemp, Marijuana Business, News|

SAFE Banking Act Finally Appears Headed For Vote In U.S. Senate

SAFE Banking Act Finally Appears Headed For Vote In U.S. Senate

WASHINGTON DC - Marijuana companies could secure financial services and confusion over banking for hemp operators could be clarified after the reintroduction of the Secure and Fair Enforcement (SAFE) Banking Act in the U.S. Senate. The measure, which is strongly supported by both Republican and Democrat lawmakers, has passed the House of Representatives seven times

By Mike Brennan|2023-05-04T15:32:24-04:00May 4th, 2023|Marijuana Business, News|

Ben & Jerry’s Urges Gov. Whitmer To Grant Clemency For Cannabis Convictions

Ben & Jerry’s Urges Gov. Whitmer To Grant Clemency For Cannabis Convictions

LANSING - Ben & Jerry’s is turning its attention to half-baked marijuana legalization, focused on Michigan where cannabis use is legalized, but many are still serving time or have long-standing records for cannabis-related convictions, the company said in a press release. As legalization has swept across the nation, those convicted and incarcerated for cannabis possession

By Staff Writer|2023-04-21T13:36:09-04:00April 21st, 2023|Featured, Marijuana Business, News|

Marijuana Industry Employment Age Lowered To 19 Under Bill

Marijuana Industry Employment Age Lowered To 19 Under Bill

LANSING - Rep. Kevin COLEMAN (D-Westland) bill expanding the minimum age for marijuana industry employees from 21 to 19 heard testimony before Tuesday’s House Regulatory Reform Committee. Currently, the Michigan Regulation and Taxation of Marihuana Act allows individuals 21 years of age or older to acquire, possess, transport or consume marijuana, including a marijuana grower, processor,

By Staff Writer|2023-04-16T18:29:48-04:00April 16th, 2023|Marijuana Business, News|

Traverse City’s First Recreational Cannabis Dispensary Opens

Traverse City’s First Recreational Cannabis Dispensary Opens

TRAVERSE CITY- Traverse City's first recreational marijuana retailer opened last week. House of Dank, located at 514 Munson Avenue, has cleared all of its regulatory licensing for adult-use sales. Puff's Cannabis, located at South Garfield Avenue, is set to open for recreational sales on Monday. Traverse City issued 16 adult-use licenses on March 9. City-wide, the

By Staff Writer|2023-04-01T14:23:11-04:00April 1st, 2023|Marijuana Business, News|

Monroe Street Fair April 1 Ann Arbor Update

Monroe Street Fair April 1 Ann Arbor Update

ANN ARBOR - The Monroe Street Fair returns to the Ann Arbor Hash Bash to continue its two decade run. Co-founder Charlie Strackbein talks about what attendees can see at the Fair that includes dozens of cannabis vendor booths, non profits, and more. Food trucks and portable potties also meet attendees needs on both ends.

By Mike Brennan|2023-03-30T16:49:58-04:00March 30th, 2023|Featured, Marijuana Business, News|

Century Old Delft Theatre In Escanaba Becoming Cannabis-Friendly Venue

Century Old Delft Theatre In Escanaba Becoming Cannabis-Friendly Venue

ESCANABA - James Peterson, his kids and an investor purchased The Delft Theater in Escanaba, Michigan, on the Lake Michigan shoreline, last fall and are now retrofitting it into an entertainment venue that can accommodate more than 200 people. It also will be cannabis-friendly. Plus he's inviting Michigan Cannabis companies to reach out to him

By Mike Brennan|2023-03-26T11:50:54-04:00March 26th, 2023|Marijuana Business, News|