Marijuana Business Archives

Michigan Legislature Approves 24 Percent Pot Wholesale Tax

Michigan Legislature Approves 24 Percent Pot Wholesale Tax

LANSING - Michigan lawmakers unveiled and approved a long-awaited budget that makes funding cuts to many state agencies while allocating an extra $1.1 billion to the Michigan Department of Transportation, which is responsible for fixing state roads and bridges, supported by a 24 percent wholesale tax on cannabis. Shortly after 3 a.m. on Oct. 3,

By Staff Writer|2025-10-05T11:19:12-04:00October 3rd, 2025|Marijuana Business, News|

Ohio DCC Posts Proposed New Rules On Labeling And Packaging Requirements

Ohio DCC Posts Proposed New Rules On Labeling And Packaging Requirements

COLUMBUS - Ohio regulators have filed new proposed rules to build upon the state’s marijuana legalization law, laying out plans to update regulations on labeling and packaging requirements. In a rule package that’s now open for public comment, the Department of Cannabis Control (DCC) put forward six proposals under the state’s Common Sense Initiative (CSI),

By Staff Writer|2025-10-05T11:19:17-04:00October 1st, 2025|Marijuana Business, News|

Federal Agency Issues Update On Banks That Serve Cannabis Companies As Trump Weighs Rescheduling

Federal Agency Issues Update On Banks That Serve Cannabis Companies As Trump Weighs Rescheduling

WASHINGTON DC - Federal officials have released updated data on the number of banks reporting that they work with marijuana businesses–and most financial institutions don’t seem especially concerned with their cannabis clientele. The Financial Crimes Enforcement Network (FinCEN), which falls under the U.S. Department of Treasury, has been publishing data for years about suspicious activity

By Staff Writer|2025-09-24T17:58:34-04:00September 24th, 2025|Marijuana Business, News|

Ohio Cannabis Sales Surpass $3 Billion So Far In 2025

Ohio Cannabis Sales Surpass $3 Billion So Far In 2025

COLUMBUS - Ohio medical and adult-use marijuana sales have officially surpassed $3 billion, new data from the state Department of Commerce shows. In an update published on Tuesday, DOC’s Division of Cannabis Control reported $3,036,756,851 in cannabis purchases as of September 13. That total includes $2.2 billion in medical sales since 2019 and $802 million in

By Mike Brennan|2025-09-19T13:46:49-04:00September 19th, 2025|Marijuana Business, News|

August Cannabis Sales Top $283 Million, A New Monthly High

August Cannabis Sales Top $283 Million, A New Monthly High

LANSING - August was a banner month for cannabis sales in Michigan with more than $283 million worth of product sold, according to the latest figures provided by the Cannabis Regulatory Agency. Sales last month were 3.2 percent higher than July, but not enough to equal what was sold in August 2024, when the high

By Mike Brennan|2025-09-18T10:07:21-04:00September 18th, 2025|Marijuana Business, News|

Cheech And Chong Cannabis Brand Now Available In Ohio

Cheech And Chong Cannabis Brand Now Available In Ohio

COLUMBUS - Cannabis comics Cheech & Chong are expanding their cannabis brand into Ohio through an exclusive partnership with Riviera Creek, a leading cultivator in the state. “This partnership is about merging legacy with innovation,” said Brian Kessler, Chairman of the Board of Riviera Creek. “Riviera Creek’s commitment to clean, consistent cultivation aligns perfectly with

By Staff Writer|2025-09-11T09:57:47-04:00September 10th, 2025|Marijuana Business, News|

Cannabis Business Leaders Don’t Believe Trump Will Reschedule Pot This Year

Cannabis Business Leaders Don’t Believe Trump Will Reschedule Pot This Year

WASHINGTON DC - Marijuana business leaders are not optimistic that federal rescheduling will happen this year—though 97 percent said the reform and the resulting federal tax relief are “important” to their “long-term viability”—according to a new poll. Shield Compliance, which provides compliance management solutions for banks serving the legal cannabis industry, released the results of

By Mike Brennan|2025-09-03T16:22:17-04:00September 3rd, 2025|Marijuana Business, News|

Ohio Legislature To Revisit Regulations For delta-8 And Other Hemp Intoxicating Products

Ohio Legislature To Revisit Regulations For delta-8 And Other Hemp Intoxicating Products

CLEVELAND - Ohio lawmakers are preparing to revisit regulations on intoxicating hemp products in the upcoming legislative session, joining many states grappling with how to control this booming but largely unchecked industry. The 2018 Farm Bill removed hemp and its seeds from the Drug Enforcement Administration’s list of controlled substances, to promote industrial use of

By Staff Writer|2025-09-04T11:15:57-04:00September 3rd, 2025|Marijuana Business, News|

High Prices, Poor Marketing Slowing Growth Of Ohio Cannabis Market

High Prices, Poor Marketing Slowing Growth Of Ohio Cannabis Market

COLUMBUS - Ohioans had great expectations for recreational marijuana after voting to legalize personal use of the plant in Nov. 2023. According to data from the Ohio Division of Cannabis Control, total marijuana sales have reached over $2.7 billion as of mid-June. Non-medical cannabis comprises about $587 million of that figure, with Ohio expected to

By Staff Writer|2025-08-31T18:23:44-04:00August 31st, 2025|Marijuana Business, News|

CRA Adds Sherri Overfield to Michigan’s Cannabis Industry Exclusion List

CRA Adds Sherri Overfield to Michigan’s Cannabis Industry Exclusion List

LANSING - The Cannabis Regulatory Agency has permanently excluded Sherri Overfield from being employed by – or working in any capacity – at or for a licensed Michigan marijuana business or being a supplemental applicant of any medical or adult-use marijuana business in Michigan. On July 30, 2025, the CRA issued a consent order and stipulation,

By Mike Brennan|2025-08-26T13:04:02-04:00August 26th, 2025|Marijuana Business, News, Politics, Politics/Government|