LANSING – The regulator overseeing Michigan's $3.17 billion cannabis industry has been elected president of the nation's leading organization for marijuana and hemp regulators at a time when federal marijuana rescheduling and hemp regulation are reshaping the industry. Michigan Cannabis Regulatory Agency Executive Director Brian Hanna was elected president of the Cannabis Regulators Association (CANNRA)
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
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.,
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
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
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
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
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
COLUMBUS - A growing political battle in Ohio over marijuana legalization could end up benefiting Michigan’s cannabis industry — especially border communities already booming from cross-state marijuana traffic. A new Ohio marijuana poll highlighted by Marijuana Moment found most Ohio adults now view marijuana as both socially acceptable and relatively safe, even as Ohio officials
COLUMBUS - An Ohio courtroom battle over hemp-derived cannabinoid products is highlighting a much larger national fight that increasingly mirrors what businesses in Michigan’s hemp and cannabis industries say they are already facing. At issue is Ohio Senate Bill 56, a law that sharply restricts hemp-derived THC products including gummies, beverages, tinctures and vape products
