Marijuana Business Archives

Momentum Builds In US Senate For SAFE Banking Act

Momentum Builds In US Senate For SAFE Banking Act

WASHINGTON DC - US Senators on both sides of the aisle are throwing support behind a proposal to tuck key marijuana banking legislation into a larger package aimed at boosting U.S. competitiveness, increasing the odds that a significant cannabis bill gets through the upper chamber this year. Sen. Patty Murray (Wash.), the No. 3 Senate Democrat, is

By Staff Writer|2022-05-04T19:01:35-04:00May 4th, 2022|Featured, Marijuana Business, News|

Industrial Hemp Big Business Opportunity In Michigan – Expo May 20-21 In Lansing

Industrial Hemp Big Business Opportunity In Michigan – Expo May 20-21 In Lansing

ANN ARBOR - Growing industrial hemp was made legal in the 2018 Farm Act. But figuring out how to grow it in Michigan, and building the infrastructure needed to transform it into the 20,000 products that can be made from hemp, has proven to be challenging, Dave Crabill, president of iHempMichigan, admits. But the business

By Mike Brennan|2022-05-02T17:56:32-04:00May 2nd, 2022|Marijuana Business, mitechtv, News|

4/20 Holiday Racks Up Record Sale of 2.3 Tons of Cannabis In Michigan

4/20 Holiday Racks Up Record Sale of 2.3 Tons of Cannabis In Michigan

LANSING - Consumers purchased more than 2.3 tons of marijuana flower from Michigan provisioning centers on April 20, Cannabis Regulatory Agency Executive Director Andrew Brisbo tweeted. Initial data shows overall sales of flower on 4/20 in 2022 were up 242 percent from the same day in 2021 (which were up 444 percent vs 2020). Flower

By Guest Column|2022-04-26T12:24:38-04:00April 26th, 2022|Marijuana Business, News|

Michigan Marijuana Report, SBAM Form Strategic Partnership

Michigan Marijuana Report, SBAM Form Strategic Partnership

ANN ARBOR - Michigan Marijuana Report, Edited and co-founded by MITechNew Editor and Publisher Mike Brennan, has formed a strategic partnership with the Small Business Association of Michigan. What that means is sponsors of MIMarijuanaReport.Com will automatically get an SBAM Premium Sponsorship when they purchase an MMR sponsorship. The SBAM sponsorship gets them many perks,

By Mike Brennan|2022-04-22T16:01:33-04:00April 19th, 2022|Featured, Marijuana Business, mitechtv, News, Small Business Association of Michigan|

Analysis: Adult-Use Cannabis Sales Generated Nearly $4 Billion in Tax Revenues in 2021

Analysis: Adult-Use Cannabis Sales Generated Nearly $4 Billion in Tax Revenues in 2021

WASHINGTON DC - Tax revenues derived from the licensed retail sale of state-legal, adult-use cannabis products grew by more than 30 percent between 2020 and 2021, totaling over $3.7 billion last year – according to an analysis provided by the Marijuana Policy Project. MPP’s figures do not include revenues derived from the sales of medical cannabis products

By Mike Brennan|2022-04-15T12:09:19-04:00April 15th, 2022|Featured, Marijuana Business, News|

MICHIGO Cannabis Tourism Group Seeks Cannabis Friendly Lodging Throughout Michigan

MICHIGO Cannabis Tourism Group Seeks Cannabis Friendly Lodging Throughout Michigan

ANN ARBOR - A non-profit group has been formed to capitalize on a growing trend around the United States, cannabis tourism. The group, MICHIGO.Org, is particularly keen to promote cannabis-friendly lodging, including AirBnBs that have loser rules than large corporate hotel and motel chains. Co-founder Andy McFarlane joins Mike Brennan to talk about MICHIGO and

By Mike Brennan|2022-04-12T08:34:31-04:00April 12th, 2022|Marijuana Business, mitechtv, News|

Democrats Face Tough Republican Opposition In Winning Senate Approval Of Legal Cannabis

Democrats Face Tough Republican Opposition In Winning Senate Approval Of Legal Cannabis

WASHINGTON DC - Senate Majority Leader Charles Schumer (D-N.Y.) is facing significant obstacles in his legislative push to legalize marijuana, with resistance from Republicans and members of his own party threatening chances of passage in the upper chamber. Schumer has said that his aim is to bring a comprehensive marijuana reform bill forward later this month, weeks

By Staff Writer|2022-04-14T17:15:24-04:00April 11th, 2022|Marijuana Business, News|

Reach Nearly $2 Billion Michigan Cannabis Business Market For About $10 A Day

Reach Nearly $2 Billion Michigan Cannabis Business Market For About $10 A Day

ANN ARBOR - If your company wants to reach a rapidly expanding market segment with products and services businesses want and need, you should check out the adult-use and legal cannabis industry in Michigan. Last year, some $1.8 billion in sales were reported. State officials predict sales in 2022 could rise to $2.8 billion or

By Mike Brennan|2022-04-04T14:16:43-04:00April 4th, 2022|Marijuana Business, News|

Common Citizen Cuts Cultivation Partnership With Mike Tyson’s Premium Cannabis Line

Common Citizen Cuts Cultivation Partnership With Mike Tyson’s Premium Cannabis Line

Common Citizen, which produces safe, high-quality cannabis products for patients and adult-use customers, today announced a historic cultivation partnership with boxing legend Mike Tyson’s premium cannabis line, California-based Tyson 2.0. Common Citizen will grow Tyson’s cannabis at its state-of-the-art hybrid greenhouse in Marshall, and will first yield “Knockout OG” and “Pound for Pound Cake”— both favorite strains of Tyson’s.

By Staff Writer|2022-04-03T17:14:22-04:00April 3rd, 2022|Marijuana Business, News|

Michigan To Distribute $42.2 Million To 163 Municipalities, Counties From Marijuana Taxes

Michigan To Distribute $42.2 Million To 163 Municipalities, Counties From Marijuana Taxes

LANSING – The Michigan Department of Treasury announced that more than $42.2 million will be distributed among 163 municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act. Next week, 62 cities, 15 villages, 33 townships and 53 counties will be receiving payments from the Marihuana Regulation Fund. For the

By Staff Writer|2022-03-29T10:40:08-04:00March 29th, 2022|Marijuana Business, News|