News and Information about the Business of Cannabis
Report: Cannabis Industry Employs More Than 440,000 Full-time Workers
DENVER –The state-licensed cannabis industry added over 23,000 new jobs in 2023 and now employs over 440,000 full-time workers, according to data compiled by Vangst and Whitney Economics. Michigan, ranked second in job growth, had 46,746...
Sturgis OK’d New Cannabis Business Plan
A site plan for a prospective cannabis product retail store was unanimously approved Tuesday by the Sturgis Planning Commission. The request was brought to the table by EAC Industries LLC officials, who are looking to renovate and improve the property located at 1640...
Michigan Communities Raking In Benefits Of Legalized Cannabis
As cannabis sales continue to hit new highs in Michigan, communities that embraced legal weed are reaping the rewards with an influx of jobs, tax revenue, community benefits, and renovated buildings. The cannabis industry has seen tremendous growth since the...
Justice Department Is Investigating Marijuana-Related Businesses Over COVID Relief Loans, Industry Sources Say
The Justice Department is investigating marijuana-related businesses that allegedly took coronavirus relief loans in violation of federal rules, with third-party actors leveraging a whistleblower policy that allows them to take a portion of settlement money if they...
U.P. Pot Bonanza Turns Into Marijuana Melee Over Corruption Claims
When this small town in the Upper Peninsula was working on a law allowing the sale of marijuana in 2020, it was warned that restricting the number of dispensaries could lead to a legal quagmire. The town, which is just across the border from Wisconsin, where pot is...
C3 Industries’ High Profile Dispensaries Launches 420 Daze
C3 Industries has launched its 420 celebrations at its High Profile dispensaries through Sunday, April 21. The theme for this event is “420 Daze – It's High Time for Good Vibes,” featuring exciting offerings such as a $400 Live Nation concert giveaways, significant...
March Michigan Cannabis Sales Record $289 Million, 16 Percent Higher Than 2023
Michigan’s cannabis sales in March soared to a monthly record $289 million, a 15.7 percent increase compared to March 2023’s total sales of $250 million. According to Michigan’s Cannabis Regulatory Agency statistical report, the dynamics of adult and...
Minnesota Legal Supply In Question As Marijuana Bill Moves Forward
A couple of token changes in Minnesota’s new marijuana bills are highlighting concerns about whether a legal supply will be available when retailers launch sometime next year. A long list of people are hoping to spark up new cannabis businesses in Minnesota....
New York Legal Cannabis Market Up By A Third From A Year Ago First Quarter
New York’s legal cannabis industry hit a new high this week — with more than 100 licensed pot shops now open across the Empire State, officials said Thursday. Of the 103 marijuana sellers in business, 44 are located in New York City. Nineteen other...
Marijuana Trade Group Urges U.S. Congress To Regulate Intoxicating Hemp Like Cannabis
A marijuana trade group is urging the U.S. Congress to regulate intoxicating hemp compounds separately from non-psychoactive seed- and fiber-derived byproducts, calling for a more restrictive definition of industrial hemp in the next Farm Bill. The U.S. Cannabis...
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- Study Finds Unsafe Levels Of Toxic Metals In Commercially Available Cannabis Rolling Papers
- Marijuana Stock Movers For April 23, 2024
- California Cannabis Industry Is Drowning In Debt: $732M Owed In Taxes, 72% By Companies Already Closed Down
- [Video] North Carolina Senator's Viral Campaign Ad Highlights Racial Injustice In Cannabis Laws, Ignites Legalization Debate
- Who's Winning In Weed? Analyst Looks At Cannabis Market's Big Players, Where Are The Best Bets?
- Hawaii: Cannabis Decriminalization Bill Fails Amid Unified Legislative Opposition
- Marijuana Consumers Are Dealing With Information Overload, Experts At Benzinga Cannabis Conference Discuss Improving Retail Experience
- Tell-Tale Signs Led To Cannabis Bust In Maine As Feds Crack Down On International Criminal Organizations Growing Illegal Weed