NEW YORK - After two uncharacteristic years of decline in 2022 and 2023, CEO pay surged in 2024 and remained enormous compared with the pay of other workers, according to a new data tool on CEO pay provided by the Economic Policy Institute. CEO Pay Surges Again After Two-Year Decline Average realized CEO compensation—including stock
WASHINGTON DC - Federal officials have released updated data on the number of banks reporting that they work with marijuana businesses–and most financial institutions don’t seem especially concerned with their cannabis clientele. The Financial Crimes Enforcement Network (FinCEN), which falls under the U.S. Department of Treasury, has been publishing data for years about suspicious activity
COLUMBUS - Ohio medical and adult-use marijuana sales have officially surpassed $3 billion, new data from the state Department of Commerce shows. In an update published on Tuesday, DOC’s Division of Cannabis Control reported $3,036,756,851 in cannabis purchases as of September 13. That total includes $2.2 billion in medical sales since 2019 and $802 million in
LANSING - August was a banner month for cannabis sales in Michigan with more than $283 million worth of product sold, according to the latest figures provided by the Cannabis Regulatory Agency. Sales last month were 3.2 percent higher than July, but not enough to equal what was sold in August 2024, when the high
GRAND RAPIDS - Grand Rapids’ economy continued to slump in August, according to data gathered by a Grand Valley State University researcher. In his August survey of local firms and purchasing managers, GVSU’s Brian Long said the lingering effects of tariffs implemented by President Donald Trump’s administration continue to ripple through West Michigan companies. “Depending
COLUMBUS - Cannabis comics Cheech & Chong are expanding their cannabis brand into Ohio through an exclusive partnership with Riviera Creek, a leading cultivator in the state. “This partnership is about merging legacy with innovation,” said Brian Kessler, Chairman of the Board of Riviera Creek. “Riviera Creek’s commitment to clean, consistent cultivation aligns perfectly with
NEW YORK - With the exception of the struggling Cybertruck, Tesla hasn’t released an entirely new electric car in five years. Musk has indicated that he wants Tesla to primarily focus on building robotaxis and robots. Autonomous-vehicle technology “is the product that makes Tesla a ten-trillion company,” he told his biographer, Walter Isaacson. “People will be talking
WASHINGTON DC - Marijuana business leaders are not optimistic that federal rescheduling will happen this year—though 97 percent said the reform and the resulting federal tax relief are “important” to their “long-term viability”—according to a new poll. Shield Compliance, which provides compliance management solutions for banks serving the legal cannabis industry, released the results of
CLEVELAND - Ohio lawmakers are preparing to revisit regulations on intoxicating hemp products in the upcoming legislative session, joining many states grappling with how to control this booming but largely unchecked industry. The 2018 Farm Bill removed hemp and its seeds from the Drug Enforcement Administration’s list of controlled substances, to promote industrial use of
COLUMBUS - Ohioans had great expectations for recreational marijuana after voting to legalize personal use of the plant in Nov. 2023. According to data from the Ohio Division of Cannabis Control, total marijuana sales have reached over $2.7 billion as of mid-June. Non-medical cannabis comprises about $587 million of that figure, with Ohio expected to
