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
weed
Jay-Z Reportedly Ended Relationship With Cannabis Company Before $575 Million Loss
Contrary to the popular belief that Jay-Z ’s cannabis brand Monogram is tied to The Parent Company amid the latter’s massive failure, the hip-hop legend and his company haven’t been linked to the latter for the last couple of years. TMZ reports that a source revealed “Jay-Z stepped away years ago and it just went up in a mess.” They’ve been officially separated since December … [Read more...] about Jay-Z Reportedly Ended Relationship With Cannabis Company Before $575 Million Loss
The War on Weed: Clinging to Prohibition in the Age of Legalization
It’s 2024, and while the smell of legal weed drifts freely through much of the U.S., a handful of states are still clinging to prohibition like it’s 1937 and Reefer Madness just hit theaters. This isn’t about medical marijuana laws with a wink and a nod or states that allow CBD oils but shun THC. No, this is about the hardliners—the states where getting caught with a joint can … [Read more...] about The War on Weed: Clinging to Prohibition in the Age of Legalization
Podcast: Cannabis and Severe Mental Health Disorders
elcome to Entanglements. In this episode, hosts Brooke Borel and Anna Rothschild ask: Is cannabis safe for people with severe mental health disorders? The emerging science that probes at this question has been particularly invoked amid legalization and decriminalization efforts. To dig in, our hosts invited two experts with differing opinions to share their points of view, in … [Read more...] about Podcast: Cannabis and Severe Mental Health Disorders
Lawmakers Urge Biden to Take More Action on Cannabis Before Leaving Office
More than a dozen lawmakers have sent a letter to President Joe Biden urging him to take additional steps on cannabis decriminalization before his term expires in mid-January. The letter — which was endorsed by Rep. Barbara Lee (D-California), Rep. Ilhan Omar (D-Minnesota), Sen. Bernie Sanders (I-Vermont), Sen. Elizabeth Warren (D-Massachusetts), and others — lauded the … [Read more...] about Lawmakers Urge Biden to Take More Action on Cannabis Before Leaving Office
Nebraska Judge Upholds Voter-Approved Medical Cannabis Ballot Measures
Nebraska is officially the 39th state to legalize medical cannabis following a Nov. 26 court ruling—well, as long as no appeals are made. Lancaster County District Court Judge Susan Strong dismissed prohibitionist John Kuehn’s legal challenge to a pair of complementary legalization initiatives that Nebraska voters passed with decisive supermajorities during the Nov. 5 … [Read more...] about Nebraska Judge Upholds Voter-Approved Medical Cannabis Ballot Measures
Could Cannabis Be the Answer to ADHD? The Surprising Science
Studies are exploring the potential of cannabis, particularly cannabidiol, in managing ADHD, focusing on its interactions with the body’s endocannabinoid system. Despite promising early results, the complexity of both ADHD and cannabis effects poses significant research challenges. Exploring Cannabis for ADHD Cannabis, including marijuana and products containing cannabinoids … [Read more...] about Could Cannabis Be the Answer to ADHD? The Surprising Science
The Frosty Upgrade
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
Getting into the weeds on marijuana excise taxes: trends and outliers in the largest markets
State and federal excise taxes are a critical element of the business environment for major "vice" industries in the United States, such as tobacco. While no federal excise tax applies to marijuana, state excise taxes ("SET") are a significant economic consideration for the recreational marijuana industry in a given state. Like most SET on tobacco products (e.g., non-cigarette … [Read more...] about Getting into the weeds on marijuana excise taxes: trends and outliers in the largest markets
