Michigan cannabis

After years of regulatory delays, the U.S. Food and Drug Administration (FDA) has approved Phase 2 of a clinical trial to assess the efficacy of smoked medical cannabis in treating post-traumatic stress disorder (PTSD) among military veterans. Funded by Michigan's Veteran Marijuana Research Grant...

Michigan's cannabis market just keeps getting bigger and bigger. With nearly 2,000 licensed growers and a vast array of dispensary products, consumers can easily get lost in the selection. From flower to concentrates and edibles, the choices can be overwhelming, leaving consumers wondering what's...

In Zuanic & Associates' latest equity report, senior analyst Pablo Zuanic analyzes MariMed's (OTC:MRMD) performance across its core markets, with Illinois (IL) accounting for 40-45% of the company's sales.  Despite overall market stagnation, MariMed aims to boost growth through capacity...

A recent article by Dustin Walsh published in Crain's Detroit points out that Michigan’s legal cannabis market is facing a sharp decline in September, with sales dropping nearly 10% from August. Total sales for the month amounted to $266.9 million, down from the record-breaking $295.4...

TerrAscend Corp. (OTC:TSNDF) cannabis company announced that it has completed the second and final draw of $26 million as part of its $140 million senior secured term loan. The loan, managed by FocusGrowth Asset Management, LP, was initially announced in August 2024. The new funds were used to pay...

While some U.S. states are seeing substantial growth in cannabis sales, driven by expanding markets and increased consumer demand, others are facing declines due to factors like strict local regulations, market saturation and high tax rates. The cannabis industry remains dynamic, with both new and...

Marijuana sales hit record highs in six U.S. states in August, as surging demand for adult-use cannabis led to unprecedented revenue across several regions. As Marijuana Moment reported, states that broke their sales records include Connecticut, Maine, Maryland, Michigan, Missouri and New York,...

The BCB Mastermind CEO Intensive is bringing its national education series to Detroit. Backed by a multi-state cannabis operator Parallel Cannabis, this no-cost program is offering mentorship, training and key insights into the cannabis industry for minority entrepreneurs and executives. The two-...

This are some of the local cannabis news from this past few days to help you keep up to date with this dynamic industry: Cannabis Cultivation Case Against Former Mayor Dismissed In a surprising turn, prosecutors dismissed the case against Scott Robertson, the former mayor of Winnebago, Minnesota...

Michigan’s cannabis market could face significant challenges due to the rapid rise of neighboring Ohio’s marijuana industry. Since recreational sales launched on Aug. 6, Ohio has seen a surge in demand, with shops reporting record-breaking volumes driven by enthusiastic locals and...

Jones Soda Co. (CSE:JSDA) (OTCQB:JSDA) announced two key expansions of its crossover Mary Jones cannabis brand on Tuesday with the debut of its products in Michigan and introduction of a new line of cannabis-infused shooters in California. What Happened Mary Jones is entering the Michigan market...

Several Michigan companies are now using new cannabis breathalyzers to check if someone is under influence of THC while on the job, especially in roles that involve operating heavy machinery. But, despite companies using them, they are not as reliable as breath tests for other substances. Available...

Quarterly earnings will highlight efficient operators' growing market share and building sustainable platforms. Pablo Zuanic, senior analyst at Zuanic & Associates, provides an overview of the cannabis market trends in key states ahead of the second quarter earnings season. Zuanic...

House of Kush, the iconic cannabis genetics brand with a storied legacy of sports, science and rapid expansion in the industry, announced its new partnership with Pleasantrees, Michigan’s premier vertically integrated cannabis cultivator. The strategic alliance seeks to introduce House of...

Legal cannabis sales in Michigan achieved a record high of $837 million in Q2 2024, marking a 6% increase from $793 million in Q1 2024 and an 11% rise from $753 million in Q2 2023, according to a report by Beacon Securities. June's total sales were $279 million, slightly down by less than 1%...