Marijuana Business Archives

Cannabis Counsel Breaks Down Medical Marijuana Rescheduling

Cannabis Counsel Breaks Down Medical Marijuana Rescheduling

DETROIT - For years, state-legal cannabis companies operated under a unique federal tax penalty that prevented them from deducting ordinary business expenses such as payroll, rent, marketing and utilities. That changed in April when the U.S. Department of Justice moved federally recognized medical cannabis from Schedule I to Schedule III, potentially saving cannabis businesses billions

By Mike Brennan|2026-07-05T16:44:31-04:00June 10th, 2026|Marijuana Business, News|

Congress Hemp Crackdown Could Eliminate CBD Sleep Aids, THC Drinks And THCA Products Across Michigan And Ohio

Congress Hemp Crackdown Could Eliminate CBD Sleep Aids, THC Drinks And THCA Products Across Michigan And Ohio

ANN ARBOR — Congress is moving closer to approving restrictions that could reshape a hemp-derived cannabinoid market worth billions of dollars annually and potentially remove thousands of products from store shelves across Michigan, Ohio and the rest of the United States. The proposed crackdown would not only affect popular products such as THCA flower, Delta-8

By Mike Brennan|2026-06-08T13:01:44-04:00June 8th, 2026|Marijuana Business, News|

CBD Approved For Medicare And Medicaid Patients

CBD Approved For Medicare And Medicaid Patients

ANN ARBOR - Marty Makary, head of the U.S. Food and Drug Administration (FDA) reported the agency will not interfere with a new federal policy providing Medicare beneficiaries coverage for hemp-derived CBD products. Makary said while the agency preserves its authority to regulate products containing hemp or hemp-derived compounds under the Food, Drug and Cosmetic

By Mike Brennan|2026-06-07T16:26:40-04:00June 7th, 2026|Marijuana Business, mitechtv, News|

Michigan Built A $3 Billion Cannabis Market. Why Are Cannabis Companies Leaving The State?

Michigan Built A $3 Billion Cannabis Market. Why Are Cannabis Companies Leaving The State?

TerrAscend's exit, cultivation facility closures and hundreds of lost jobs are raising questions about whether Michigan's cannabis market has become too competitive for many operators to survive. ANN ARBOR - When one of North America's largest cannabis companies decides it can no longer make money in Michigan, policymakers should pay attention. Last year, TerrAscend Corp.,

By Mike Brennan|2026-06-05T15:31:30-04:00June 5th, 2026|Hemp, Marijuana Business, News|

Michigan Treasury: Too Early To Judge New 24% Marijuana Tax

Michigan Treasury: Too Early To Judge New 24% Marijuana Tax

LANSING — Michigan Treasury officials are pushing back against claims that the state's new 24% wholesale marijuana tax is underperforming, arguing that it is simply too early to judge a tax that took effect less than six months ago. The Michigan 24% marijuana tax has become a flashpoint since it took effect earlier this year.

By Mike Brennan|2026-07-06T12:49:58-04:00June 5th, 2026|Marijuana Business, News|

Why Ohio, Indiana And Illinois Cannabis Buyers Keep Driving To Michigan

Why Ohio, Indiana And Illinois Cannabis Buyers Keep Driving To Michigan

Lower Prices Continue To Draw Thousands Of Out-Of-State Consumers To Michigan Border Communities NEW BUFFALO, Mich. — Ohio legalized recreational marijuana nearly two years ago. Illinois has operated one of the nation's largest cannabis markets since 2020. Yet consumers from both states — along with neighboring Indiana, where recreational marijuana remains illegal — continue crossing

By Mike Brennan|2026-06-04T08:16:59-04:00June 3rd, 2026|Marijuana Business, News|

The Hemp Loophole Is Closing. Here’s What It Means For Michigan And Ohio Cannabis Businesses

The Hemp Loophole Is Closing. Here’s What It Means For Michigan And Ohio Cannabis Businesses

ANN ARBOR - Michigan marijuana prices have fallen to some of the lowest levels in the country, with ounces commonly selling for $90 to $130. In Ohio, similar products often sell for $150 to $220 an ounce. Meanwhile, a multibillion-dollar hemp-derived THC industry has emerged outside the licensed cannabis system. Now that market may be

By Mike Brennan|2026-06-02T15:49:58-04:00June 2nd, 2026|Marijuana Business, News|

Federal Cannabis Reform Could Create Winners And Losers. Will Ohio Overtake Michigan?

Federal Cannabis Reform Could Create Winners And Losers. Will Ohio Overtake Michigan?

Michigan still dominates cannabis sales and attracts thousands of out-of-state shoppers every week. But Ohio's higher prices, stronger profit margins and expanding adult-use market could position it to benefit more from upcoming federal cannabis reforms. ANN ARBOR - Michigan sells more cannabis than Ohio. Ohio makes more money. That simple reality may shape the future

By Mike Brennan|2026-05-30T12:20:24-04:00May 30th, 2026|Marijuana Business, News|

Cannabis Industry Watches As Federal Medicare Hemp Program Advances

Cannabis Industry Watches As Federal Medicare Hemp Program Advances

WASHINGTON DC - Michigan and Ohio cannabis operators are closely watching a new federal court ruling that could signal another step toward mainstream healthcare acceptance of hemp-derived cannabinoid products. The federal government is beginning to treat cannabis-adjacent products less like prohibited substances and more like healthcare tools after a federal judge dismissed a lawsuit challenging

By Mike Brennan|2026-05-26T16:53:07-04:00May 26th, 2026|Marijuana Business, News|

Cannabis Industry Faces New Wave Of “Big Tobacco”-Style Litigation Risk

Cannabis Industry Faces New Wave Of “Big Tobacco”-Style Litigation Risk

ANN ARBOR - Three of the nation’s largest cannabis operators — Cresco Labs, Green Thumb Industries, and Verano Holdings — have been named in a sweeping federal class-action lawsuit that alleges violations of the federal Racketeer Influenced and Corrupt Organizations Act (RICO), consumer fraud, negligent misrepresentation, and other claims tied to the marketing and sale

By Mike Brennan|2026-05-20T13:38:00-04:00May 20th, 2026|Featured, Marijuana Business, News|