WASHINGTON DC - A new bill in the U.S. Congress would give the U.S. Food and Drug Administration (FDA) regulatory authority over hemp-derived cannabinoids while allowing states leeway to set additional rules. The Cannabinoid Safety and Regulation Act (CSRA), introduced by Sen. Ron Wyden, an Oregon Democrat, would set a comprehensive federal framework for both
TOLEDO - Recreational marijuana sales began in Ohio almost two months ago; now, 13 Action News is getting a better idea of how the industry is shaping up locally and how sales here are impacting Michigan’s marijuana market. “We’re five-to-10 times busier here depending on the day,” Zach Gergich, a dispensary representative at Nectar, told
ANN ARBOR – Invest360 event celebrated some of Southeast Michigan’s most innovative early-stage companies. With fifteen startups competing for a share of $200,000 in investment funds across the Technology, Healthcare, and Mobility sectors, the event highlighted the region’s vibrant entrepreneurial ecosystem. Culturebie claimed top honors in the Technology sector, impressing with its enterprise software aimed
DETROIT - As recreational marijuana sales kicked off in Ohio last month, Michigan’s cannabis industry wondered: How would this impact its own booming market, which attracts customers from across the Ohio border? It's widely acknowledged that Ohio residents cross state lines to buy marijuana in Michigan. There are dozens of dispensaries near the Ohio border
NEW YORK - CEO pay dipped in 2023 but remains enormous compared with the pay of other workers, a new Economic Policy Institute report finds. Average realized CEO compensation—including stock awards and options—at the top 350 U.S. firms was $22.2 million in 2023, a 19.4% decrease from 2022. Cumulatively, however, CEO compensation has skyrocketed 1,085% since
ANN ARBOR - More than a quarter of Michigan residents age 50 or older have used cannabis products containing the psychoactive component THC at least once in the past year, according to a new University of Michigan poll released Thursday. That's a higher percentage (27%) compared with the 21% of people in this age group
DETROIT - As recreational marijuana sales kicked off in Ohio last month, Michigan’s cannabis industry wondered: How would this impact its own booming market, which attracts customers from across the Ohio border? It's widely acknowledged that Ohio residents cross state lines to buy marijuana in Michigan. There are dozens of dispensaries near the Ohio border
LANSING — Has Michigan hit its weed ceiling? Michigan recently hit a high water mark: More marijuana sold than California, according to MJBizDaily, a cannabis business news outlet. California has long been the legal weed king and has nearly four times Michigan's population. Yet Michigan has three times more sales per person than California, the runner-up,
LANSING - In August, Michigan recreational and medical cannabis sales set a monthly record to $295.5 million, up nearly 3 percent from July sales $287.7 million. On a year over year basis, up 8.7 percent. Recreational Sales Chart Below: Medical Sales, however, fell 77.6 percent from 2023 to $1.3 million, down 6.9 percent from July,
GROSSE POINTE SHORES – Ford House, the National Historic Landmark and former home of Eleanor and Edsel Ford, announced two exciting, guided tours that invite visitors to explore the estate like never before. First, its Autumn Landscape Guided Tour, available Tuesdays through Sundays between September 24 and November 10, invites you to experience Ford House's
