A minority owner in one of Michigan's largest marijuana processors had his Pennsylvania offices raided last week by the FBI, according to a report by Lancaster Online. The raid comes amid an investor dispute involving more than $100 million and an ATM network that plaintiffs say doesn't wholly exist, according to court filings. Agents raided the Lancaster, Pa., offices of … [Read more...] about FBI raids office of Michigan cannabis businesses’ minority owner
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How Michigan created a $10B weed market
Michigan is on the verge of hitting $10 billion in weed sales just five years after legalizing the recreational cannabis industry.Only California — which has nearly four times as many residents — has a bigger legal marijuana market. And only Alaska — undoubtedly reflecting the unrelenting cold and darkness — has a higher volume of sales on a per capita basis.“We’re breaking … [Read more...] about How Michigan created a $10B weed market
Marijuana sales near $10 billion in Michigan, a few years after legalization
This month or next, someone is going to walk into a Michigan dispensary, buy marijuana and trigger a big moment for the industry: $10 billion in cumulative sales of recreational cannabis. Crossing that threshold cements Michigan as one of the top states for marijuana sales, even amid a steep drop in prices that may please the user but worries the industry. The state reported … [Read more...] about Marijuana sales near $10 billion in Michigan, a few years after legalization
Illicit marijuana, imported CBD targeted by new rules from state regulators
Michigan regulators are seeking to end the controversial conversion of CBD to THC, a method that’s plagued the state's legal marijuana market amid basement low prices and shrinking margins.The Cannabis Regulatory Agency issued new proposed rules for the state’s regulated market Monday as it prepares to close loopholes that allowed illicitly grown and often illegally imported … [Read more...] about Illicit marijuana, imported CBD targeted by new rules from state regulators
Michigan marijuana prices hit new low after years of decreases
(FOX 2) - The price for an ounce of marijuana reached its lowest price since Michigan legalized pot for recreational use among adults. According to the Michigan Cannabis Regulator Agency, the average retail price for an ounce of flower is $73,99 in October, which is down nearly $20 from September. The state marijuana industry is among the country's most robust with Michigan … [Read more...] about Michigan marijuana prices hit new low after years of decreases
Fluresh to close Michigan cannabis grow facility, lay off 46
A largescale marijuana cultivation site is shuttering, unable to survive Michigan’s record-low cannabis prices. Fluresh LLC will close down its $46 million 105,000-square-foot grow facility in Adrian and will be laying off 46 employees at the end of this month. The company, doing business as Tend.Harvest.Cultivate, couldn’t make the economics of the operation work as the … [Read more...] about Fluresh to close Michigan cannabis grow facility, lay off 46
Judges can restrict legal marijuana use for people on probation, court rules
LANSING, MI -- Six years ago, Michigan voters legalized recreational marijuana use, but the new law often conflicts with preexisting legislation written when a hardline approach to marijuana prohibition existed. Consequently, Michigan courts are often called upon to sort it out. H/T: www.mlive.com You can view the whole article at this link Judges can restrict legal … [Read more...] about Judges can restrict legal marijuana use for people on probation, court rules
Michiganders are waiting to see what happens next to the marijuana industry under the next president
Michigan’s marijuana industry has grown significantly since adult recreational use was legalized by voters in 2018. But the direction it goes in the future may depend on what happens next at the federal level. Michiganders are talking about what kind of presidential leadership they would like to see when it comes to federal marijuana regulation. One way of assessing how much … [Read more...] about Michiganders are waiting to see what happens next to the marijuana industry under the next president
Poll Results: More Older Americans Using Cannabis
The latest University of Michigan National Poll on Healthy Aging indicates 21% of people aged 50 or older have used cannabis products containing THC in the last year, and 12% are using them monthly. THC stands for tetrahydrocannabinol, a cannabinoid most often associated with marijuana’s “high”. The poll, supported by AARP and Michigan Medicine – U-M’s academic medical center – … [Read more...] about Poll Results: More Older Americans Using Cannabis
University of Michigan research finds medical cannabis patients have increased six-fold since 2016
The use of cannabis, both for medical and recreational reasons, is rising in the United States. In 2022, the CDC says over 60 million Americans used cannabis. Research from the University of Michigan finds more than four million of that 60 million were licensed medical cannabis patients. That’s a six-fold increase from 2016. The majority of those patients are hoping to ease … [Read more...] about University of Michigan research finds medical cannabis patients have increased six-fold since 2016
