The state of Michigan has broken another record for marijuana sales this last December. According to state officials, Michigan raked in over $135 million in recreational cannabis sales and about $33 million in medical sales in December alone. According to Andrew Brisbo, the executive director of the Michigan Marijuana Regulatory Agency, these December sales, “marked […]
Governor Kathy Hochul is trying to lead the country by example through a new program that would garner $200 million specifically to promote social equity when handling licenses. There have been no licenses granted yet in the road to a marijuana marketplace in the state, but when this does happen, it is expected to garner […]
Despite being previously approved by the US House of Representatives, provisions of the Secure and Fair Enforcement (SAFE) Banking Act — which allows state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions — will not be included in the final version of the NDAA funding package. NORML previously sent a […]
Statement from DPA Executive Director Kassandra Frederique in Response to Attempts to Move SAFE Banking Bill in NDAA Washington, D.C. – In response to news that Congress could attempt to move the SAFE Banking Act (H.R.1996) through the National Defense Authorization Act (NDAA), instead of prioritizing comprehensive marijuana reform, Kassandra Frederique, Executive Director of the […]
After testing for most products was botched over a three month period at Viridis Laboratories in Michigan, the state’s Marijuana Regulatory Agency has issued a large recall. Notably, products that do not fall under this recall are “inhalable marijuana concentrate products” like vapes, live resin, and distillate. This could be devastating to some retailers in […]
Earlier this month Geoff Whaling introduced a plan to inject $500 million into the hemp industry to “unlock the value” of the hemp crop. Geoff Whaling launched the replant Hemp impact Fund, a first-to-market ESG fund that looks to focus on hemp for food and fiber and works on developing infrastructure within American hemp industries […]
Lots of businesses including Canopy Growth, Weedmaps, and Cresco Labs have started a pretty big campaign that advocates for weed legalization. Along with those giant businesses are Seth Rogen and Sarah Silverman, and comedian Jessimae Peluso. Drawing attention to frustrating dichotomy between bipartisan civilian support and political gridlock, Seth Rogen says in a video “despite […]
Advertising cannabis on tech giant sites like Google or Facebook is causing problems in today’s day and age. With many states legalizing medicinal and recreational marijuana, people are wondering why they cannot advertise their marijuana products on these sites. This comes at a time when federal legalization is looming, the cannabis industry is booming, and […]
A pretty huge merger went under our radar last month, with Canopy Growth, the biggest marijuana company in Canada, buying up a Colorado-based edibles company Wana. They are the number one edibles brand in North America, so Canopy Growth’s interest is certainly warranted. This comes at a time where more and more Canadian companies are […]
Last week, we were able to get a sense of the mood within the industry, and it seems it depends on the size of the provider. At the large scale and the small scale, we were seeing businesses looking hopeful for bigger and bigger profits in the years to come. A new CNN report details […]
