Detroit officials on Thursday issued nearly three dozen licenses for retail adult-use cannabis shops, more than four years after Michigan voters approved a measure to legalize recreational marijuana in the state. The licenses were issued after U.S. District Court Judge Bernard Friedman on Wednesday morning denied a request to... Read more
A national weed glut is causing prices to plummet and imperiling businesses
Michigan is emblematic of what’s been happening across the country all year — and why the industry’s been in a funk even as legalization spreads: Ill-fated hopes that a Democratic-controlled Washington might loosen decades-old restrictions on the drug have given way to a market glut and plummeting prices that... Read more
Exclusive Interview with TerrAscend Chairman Jason Wild TerrAscend (CSE: TER) (OTCQX: TRSSF) has a five-state footprint in the U.S. The company has opted to build greater scale and market share in a smaller number of states rather than stretching across many markets. Though the cannabis industry has had a... Read more
Cultivating Community in a City Near You: Announcing NCIA’s 2023 Event Calendar
It’s been a year of big change for NCIA. As we come to the end of 2022, we want to take a moment to send a message to our members and supporters about these changes, and most importantly, get excited for what’s next for the future of NCIA events.... Read more
TerrAscend and Cookies Celebrate the Grand Opening of Cookies Jackson
Ryan Allway December 2nd, 2022 News, Top News TerrAscend’s Gage Cannabis Opens Fourth Cookies Dispensary in Michigan TORONTO, Dec. 2, 2022 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that its subsidiary, Gage Cannabis Co. (“Gage”), opened a new flagship... Read more
Member Blog: Dollars and Sense – 2022 Michigan Cannabis CFO Outlook
by Chris Rosmarin, Rehmann The cannabis industry is one of the fastest-growing sectors in Michigan. It’s also an ever-changing industry, leading to myriad challenges for businesses operating within this space. One issue licensees face is a significant gap in vital business intelligence that’s needed to remain relevant in an... Read more
Marijuana businesses to offer free cannabis to Michigan military veterans
Since Anton Harb Jr. returned from Middle East battlegrounds where he fought in Operation Iraqi Freedom in 2005, he’s fought a different sort of battle: post-traumatic stress disorder (PTSD). It’s not a war he fights alone. Up to 20% of veterans who served in that military conflict have been... Read more
‘Stay tuned.’ New Michigan marijuana director hints at plans to go after black market marijuana
One thing is clear: Michigan marijuana regulators intend to increase enforcement to eradicate black-market marijuana making its way to the licensed commercial market. Gov. Gretchen Whitmer’s placement of Brian Hanna, a former Cannabis Regulatory Agency (CRA) inspector and Michigan state police analyst, as the agency’s “acting” director, hints at... Read more
The top cannabis regulator in Michigan said Tuesday that the state is planning to “expose” businesses operating in the legal marijuana market that have engaged in illicit practices and sold illegal products. The Detroit News reported that Brian Hanna, the acting director of the Michigan Cannabis Regulatory Agency, told... Read more
Detroit receives 90 applications for 60 available marijuana licenses, including retail
The city of Detroit received 90 applications for the 60 recreational marijuana licenses available in the first round, which include licenses for dispensaries, microbusinesses and consumption lounges. Fifty non-equity and 40 equity applications were submitted by the deadline of Oct. 1, with 28 of the 40 equity applicants qualifying... Read more
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