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Marijuana Business

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

UN Hemp Report Predicts $18 Billion Global Industry

NEW YORK - The global hemp market could reach $18.6 billion by 2027 if nations around the world take action to clarify the crop’s legal status and address other key issues, according to an extensive report on the industry from the United Nations Conference on Trade & Development. Citing figures from researcher Krungsri Research Intelligence,

By |2022-12-06T10:18:45-05:00December 6th, 2022|Marijuana Business, News|
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Brian Hanna Loses Interim Title Named Executive Director Of Cannabis Regulatory Agency

LANSING - Gov. Gretchen Whitmer announced Friday that Brian Hanna will move from interim executive director at the Cannabis Regulatory Agency to Executive Director. Hanna spent five years with the CRA as the manager of field operations, inspections, and investigations. He has a law enforcement and military background, having previously worked as a criminal intelligence

By |2022-12-02T10:56:35-05:00December 2nd, 2022|Featured, Marijuana Business, News|
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Cannabis Headlines With Rick Thompson

ANN ARBOR - Michigan NORML Executive Director Rick Thompson provides cannabis headlines on Four20 Post Live. Alpena bans provisioning center from curbside delivery and Judge concurs Irish Parliament flirts with adult use cannabis, but would limit it to 7 grams Michigan NORML hires MRI to do a survey with Michigan residents to modify the Medical

By |2022-11-30T18:56:36-05:00November 30th, 2022|Marijuana Business, News|
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As The Regulated Marijuana Industry Wraps Up 2022, Companies Fine-Tuning Strategies For New Challenges 2023 Will Bring

LAS VEGAS – As the regulated marijuana industry wraps up the 2022 business year, companies are fine-turning their strategies for whatever new challenges 2023 might bring. Cannabis business leaders attending MJBizCon described a variety of expected headwinds in the year to come – and a range of plans to adapt and succeed. “The market has a

By |2022-11-22T15:54:58-05:00November 18th, 2022|Featured, Marijuana Business, News|
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More Tech Innovation Needed In Cannabis, Hemp Industries

ANN ARBOR - Thomas Lavigne, the managing partner of Cannabis Counsel, one of the oldest Cannabis-focused law firms in the country, says the Michigan technology industry needs to innovate in the cannabis and hemp sectors to produce products that serve public needs. For instance, he says in Hemp, the non psychoactive part of the marijuana

By |2022-11-18T15:45:33-05:00November 18th, 2022|Marijuana Business, mitechtv, News|
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HeroProjectUSA Helping Veterans, Providing Free Thanksgiving Turkeys Nov. 19 In Flint

ANN ARBOR - HeroProjectUSA.Org's Veteran Advisor, Anton Harb Jr., along with Connie Maxim-Sparrow from HatchAPlanMI.Com, have cut a deal with the Cannabis Regulatory Agency to do a beta test in 2023 that would give free cannabis to Veterans suffering from PTSD and related injuries. Hero also will work to raise money to pay for attorneys

By |2022-11-14T16:26:15-05:00November 14th, 2022|Marijuana Business, mitechtv, News|
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Rehmann CFO Report Confirms Tough Times In The Michigan Cannabis Market

TROY – Rehmann  has published its 2022 Michigan Cannabis CFO Outlook Report that confirms what anyone in the industry already knows - oversupply has all but evaporated profit margins for growers, processors and dispensaries. “The cannabis industry is constantly evolving and facing new challenges, so the need for information will be helpful as the industry

By |2022-11-02T08:26:50-04:00November 2nd, 2022|Marijuana Business, News|
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Rehmann 2022 CFO Report Validates Difficult Times In Michigan Cannabis

ANN ARBOR - Rehmann has published its 2022 CFO report that features data about chief challenges the cannabis industry faces in Michigan, including but not limited to financial management, acquisition operations, compliance requirements and federal legislation. In addition, the report boasts industry spotlights highlighting actual businesses facing these issues in real-time and recommended solutions. Rehmann

By |2022-11-01T16:55:43-04:00November 1st, 2022|Marijuana Business, mitechtv, News|
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U.S. CBD Company Inks Sponsorship Deal With Professional Baseball League

BOULDER, Colo. - U.S. CBD company Charlotte’s Web Holdings will pay Major League Baseball $30.5 million plus a 10% royalty on sales, and grant the professional sports organization 4% of the company’s shares in a landmark exclusive marketing deal announced this week. Charlotte’s Web-branded products will become the “Official CBD of MLB” under the exclusive

By |2022-10-30T15:11:09-04:00October 30th, 2022|Marijuana Business, News|
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Flight From Hemp Continues In U.S., Harvest Expected To Fall By Half

DENVER - The 2022 hemp harvest in the U.S. is expected to shrink by nearly half this year, falling from roughly 36,925 acres in 2021 to about 20,000 acres as all outputs are in decline, according to government figures and projections from Denver-based analyst PanXchange. PanXchange projects the 2022 flower harvest at 6,400-6,800 acres, expects

By |2022-11-01T17:32:28-04:00October 30th, 2022|Marijuana Business, News|
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