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Marijuana Business

Marijuana business news and information resource for the medical marijuana and retail cannabis industry.

Survey Finds 65% Of Michigan Voters Support Allowing Licensed Health Professionals To Prescribe Psychedelics

LANSING - Michigan is one of several legislatures considering bills to legalize psychedelic-assisted therapy with compounds such as psilocybin. To gauge Michigan voters’ interest in legalizing psychedelics, Reason Foundation solicited opinions through online platforms Amazon Turk and Pollfish. A majority of the 450 respondents who identified as registered voters in Michigan told Reason Foundation they supported

By |2024-06-05T07:56:52-04:00June 5th, 2024|Marijuana Business, News|
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Michigan’s Marijuana Industry Hoping Congress Will Stamp Out Chemically Grown Competitor

DETROIT - The 2018 Farm Bill created what’s known as the “Farm Bill loophole” that made hemp-derived THC federally legal. This has allowed operators in other states where marijuana is illegal to take hemp-derived THC and combine it with enough additives to mimic full-THC marijuana products — circumventing regulated states like Michigan — and ship

By |2024-06-04T12:14:35-04:00June 4th, 2024|Marijuana Business, News|
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Congress Working To Let Veterans Administration Recommend Medical Marijuana

WASHINGTON DC - With medical marijuana legal in most states, more veterans than ever before are eligible to use cannabis therapeutically. Unfortunately, many find it difficult or impossible to gain access to these life-saving programs because doctors within the Department of Veterans Affairs are prohibited from officially recommending medical cannabis to their patients. This might

By |2024-06-04T11:26:51-04:00June 4th, 2024|Marijuana Business, News|
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Clinical Trial: CBD-Infused Gel Relieves Osteoarthritic Hand Pain

SYDNEY, Australia - The daily application of a transdermal gel containing CBD relieves pain and improves the quality of life of patients with hand osteoarthritis (OA), according to open-label trial data published in the journal Nature: Scientific Reports. Australian researchers evaluated the self-reported efficacy of transdermal CBD in a cohort of 15 OA patients. Study participants applied

By |2024-06-03T20:12:50-04:00June 3rd, 2024|Marijuana Business, News|
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Clarification By DEA Expands Definition Of THC In Hemp To Include THCA

WASHINGTON DC - The U.S. Drug Enforcement Administration has clarified the definition of THC in the context of industrial hemp, potentially placing greater restrictions on intoxicating products derived from hemp compounds, according to a letter issued by the agency. The 2018 Farm Bill defined hemp as cannabis with less than 0.3% delta-9 THC. The DEA’s

By |2024-06-03T08:32:38-04:00June 2nd, 2024|Marijuana Business, News|
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DEA’s Proposed Move To Reschedule Cannabis To Schedule III On Federal Register

WASHINGTON DC - The Drug Enforcement Administration’s proposed rule to move cannabis to Schedule III hit the federal register today, starting the 62-day public comment period ending in July. Read the details below. Action Notice of proposed rulemaking. Summary The Department of Justice (“DOJ”) proposes to transfer marijuana from schedule I of the Controlled Substances

By |2024-05-22T08:50:41-04:00May 22nd, 2024|Marijuana Business, News|
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Biden Says DOJ Officially Moving To Reschedule Marijuana To Schedule III

WASHINGTON DC - The U.S. Department of Justice (DOJ) is officially moving to reclassify marijuana as a Schedule III drug, a less dangerous category than Schedule I in which it is now classified, the Biden administration announced yesterday. Biden called the development “monumental” in a video posted to social media. “Far too many lives have been upended

By |2024-05-17T15:34:51-04:00May 17th, 2024|Featured, Marijuana Business, News|
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Michigan’s Cannabis Regulatory Agency Recalls Flavor Galaxy’s Infused Pre-Rolled Joints

LANSING- Michigan’s Cannabis Regulatory Agency is recalling infused pre-rolled joints made by the Hazel Park-based cannabis producer Flavor Galaxy, the agency said Wednesday. The agency is recalling more than 1,000 units of infused pre-rolled joints after it found Flavor Galaxy added cannabis distillate (THC oil) and/or terpenes (aromatic compounds found within cannabis flowers) to the joints after they had

By |2024-05-16T17:52:06-04:00May 16th, 2024|Marijuana Business, News|
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Michigan’s April Cannabis Sales Top $275 Million, Down $10 Million From March

LANSING - The Cannabis Regulatory Agency reported Wednesday that $278,546,443 in marijuana and marijuana products sold legally in April, down about $10 million from the record $288 million sold In March. Medical cannabis sales represent 0.8% of Michigan’s overall marketplace so far in 2024. To put that April decline in perspective, March included five Fridays

By |2024-05-16T08:16:23-04:00May 16th, 2024|Featured, Marijuana Business, News|
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Cannabis Vertical C3 Industries Gets $16M Investment For Grow In Connecticut

ANN ARBOR - C3 Industries, a milti-state cannabis company headquartered in Ann Arbor, has received a $16 million investment in a grow facility in Connecticut. C3 also has operations in Illinois, Michigan, Missouri, Massachusetts and New Jersey. The investment was made by New Lake Capital Partners, the second transacction with C3, having partnered with C3

By |2024-05-12T15:43:30-04:00May 12th, 2024|Marijuana Business, News|
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