WASHINGTON DC - Democrat Presidential candidate and U.S. Senator Cory Booker introduced a bill on Thursday to legalize marijuana nationwide. Co-sponsors of the bill, known as the Marijuana Justice Act, include fellow 2020 Democratic contenders Sens. Elizabeth Warren of Massachusetts, Bernie Sanders of Vermont, Kamala Harris of California and Kirsten Gillibrand of New York. Booker
EAST LANSING - If passed on November 6, Proposal 18-1 that would legalize the recreational use of marijuana would generate between $81 million and $175 million in additional sales and excise tax revenues in 2023, which is when the market would likely reach maturity. While tax collections on recreational marijuana would increase by at least
EAST LANSING - The demand for legal cannabis products in the United States increased by 2 percent in May, the largest on record following a monthly decline, according to the monthly AndCan Index, which closely monitors demand across every U.S. state. “After a surprising, albeit slight, decline in April, the demand for cannabis products increased
LANSING - All of the state's medical marijuana licensing functions are now consolidated in the Bureau of Medical Marihuana Regulation in the Department of Licensing and Regulatory Affairs, the administration announced Thursday. Under the reorganization, the new bureau will hold the Michigan Medical Marihuana Program patient and caregiver registry as well as licensing medical marijuana
ROYAL OAK - There’s a novel way for Michigan to increase tax revenue by legalizing recreational use of cannabis. Were cannabis legal in Michigan in 2017, over $1 billion would be generated by the business in Michigan, and some $221 million in tax revenue, so says Peter Schwartz with Supported Intelligence, part of the Anderson
FERNDALE - Patrick Anderson, founder of the Anderson Economic Group, talks about his spin-off company, Supported Intelligence, that has brought to the world data analytics software that looks at highly risky ventures where multiple factors can impact business performance. Supported Intelligence has just published the results of a study that looks at Cannabis use around
EAST LANSING - A new report predicts California would be the state with the largest potential market for legalized Cannabis Products in the United States, while Wyoming would be the smallest. Michigan, Illinois, and Ohio rank among the top 10 largest potential markets. Supported Intelligence, an East Lansing-based software startup, recently partnered with Anderson Economic
