DAYTON - Roughly 120 dispensaries in Ohio have received state licenses to sell recreational marijuana, but banking remains an obstacle for cannabis businesses because marijuana remains illegal under federal law. “Financial institutions are nervous about working with marijuana companies because of the federal regulations,” said Heather Trela, Rockefeller Institute of Government director of operations and
Michigan’s cannabis market could face significant challenges due to the rapid rise of neighboring Ohio’s marijuana industry. Since recreational sales launched on Aug. 6, Ohio has seen a surge in demand, with shops reporting record-breaking volumes driven by enthusiastic locals and visitors from nearby states. This booming success may pose a threat to Michigan's cannabis
COLUMBUS - All kinds of recreational marijuana products were made available to Ohioans in earlier this month, but which do Buckeye State shoppers prefer? Bloom Medicinals, a cannabis company selling both medical and adult use marijuana, offered some insight, and a smaller local shop, Locals Cannabis at 914 Cleveland Ave in Columbus followed similar trends to its multistate counterpart..
COLUMBUS - Marijuana sales in Ohio are surging since sales began on Aug. 6 with shops reporting unprecedented — and unexpected — sales volumes from eager Ohioans and a fair share of visitors from neighboring states. In the first 12 days alone, Ohio’s recreational marijuana sales reached over $22.5 million, with medical marijuana contributing an additional
ANN ARBOR - Michigan cannabis dispensaries, and customers have had a difficult time trying to use Visa and Mastercard to pay for transactions. Since cannabis remains a federal schedule 1 drug - along with cocaine and heroin - credit card companies and federally chartered banks have said no to cannabis. New Line Processing, a New
COLUMBUS - Approaching five years since Michigan marijuana shops rang up their first sales, Ohio has joined the growing fray of U.S. states selling recreational cannabis. Ohio’s market launched on Tuesday, Aug. 6, with 120 stores permitted to sell marijuana to adults, 21 and over, with a valid ID. Image courtesy Motley Fool
COLUMBUS - Oho cannabis dispensaries sold more than $11.5 million worth of marijuana to recreational customers in the first five days of legalization. Recreational sales opened to the public on August 6 and by August 10, about 1,285 pounds of non-medical plant material had been sold, the Ohio Division of Cannabis Control reported Friday. That's
LANSING - Michigan cannabis sales continue to remain flat in July with sales for all products topping $287.7 million, up 3.2 percent from June’s $275.2 million. This follows similar sales figures in May of $278 million, April $279.6 million and March a record $289 million. Recreational sales in July recreational marijuana sales totaled $264.4 million,
WASHINGTON DC – In July 2024, annual inflation in the United States has fallen below 3 percent for the first time since March 2021, marking a significant turning point in the nation’s economic sphere. This decline raises important questions about the future direction of monetary policy. As inflation eases, many analysts anticipate a shift in
COLUMBUS - Recreational cannabis sales in Ohio have been legal for a week and business is booming. Sales in Ohio are rivaling some of the top cannabis markets in the country. It’s also attracting customers from nearby states, where recreational marijuana isn’t legal. But prices remain high in comparison to Michigan. “We’re seeing numbers at
