Marijuana business news and information resource for the medical marijuana and retail cannabis industry.
ANN ARBOR - In any given year, tourism in Michigan ranks as the second or third largest industry, vying with agriculture for the No. 2 spot. Automotive remains king. Since December 2019 when adult-use cannabis became legal in Michigan, it has become a rapidly growing tourism sub sector generating sales this year from both people
WASHINGTON DC - Food and Drug Administration officials said they are taking steps to announce a plan for how to regulate cannabis-derived products like CBD and delta-8 THC in the coming months. This comes as the agency is also leading a review into marijuana’s scheduling status. Congressional Cannabis Caucus co-chairs Reps. Earl Blumenauer (D-OR), Dave Joyce (R-OH),
LANSING - Lame duck legislation that mostly tightened public employee retirement options or made tweaks to the state's marijuana's law were among the 11 bills vetoed by the Gov. Whitmer. Several of the bills would have pushed an annuity product to state employees as an alternative to a retiree health care benefit, like HB 4265 , which
NEW YORK - U.S. cannabis sales is estimated to rack up a whopping $57 billion by 2030, according to a top researcher. But hold up: That figure could top a whopping $72 billion if the 18 additional states that seem likely to legalize activate their markets. It's a stunning projection and the latest made by New
BAY CITY - Bay City’s High Haven is a unique cannabis-friendly entertainment destination to provide a first-class shopping experience for entertainment and cannabis enthusiasts. High Haven CEO and Founder Mahja Sulemanjee-Bortocek has been in the cannabis business for 14 years. She is based in Chicago and has five dispensaries in Illinois and one in Michigan.
MUSKEGON - Cannabis Tourism is starting to become a major play in Michigan. Springing up to serve this market is Derive Travel that offers curated travel and lodging experiences. Co-founder Connie Maxim-Sparrow joins Matt Roush and Mike Brennan on MITech TV to talk about what Derive Travel will offer in 2023. She also announces that
NEW YORK - A recently released report from the United Nations Conference On Trade And Development provides an interesting snapshot of the industrial hemp industry. Released last week, the “Commodities At A Glance: Special issue on industrial hemp” looks at the various uses of the crop, production and trade statistics, and how developing countries could
DETROIT - A team of scientists from Hudson Carbon, a research center in upstate New York that studies carbon storage, say cannabis could be the missing player in humanity’s fight against climate change. How? Hemp absorbs carbon dioxide from the atmosphere more than twice as effectively as trees. Although the U.S. only accounts for about
NEW YORK - The global hemp market could reach $18.6 billion by 2027 if nations around the world take action to clarify the crop’s legal status and address other key issues, according to an extensive report on the industry from the United Nations Conference on Trade & Development. Citing figures from researcher Krungsri Research Intelligence,
LANSING - Gov. Gretchen Whitmer announced Friday that Brian Hanna will move from interim executive director at the Cannabis Regulatory Agency to Executive Director. Hanna spent five years with the CRA as the manager of field operations, inspections, and investigations. He has a law enforcement and military background, having previously worked as a criminal intelligence
