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Looking For The Best Weed In Michigan? This Detroit Newspaper Column Has You Covered
Friday, November 8, 2024 - 5:29pm | 465Michigan'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...
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Can MariMed's $7.7M Illinois Cannabis Expansion Turn The Tide In A $496M Market?
Thursday, October 24, 2024 - 10:51pm | 826In 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...
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Michigan's Cannabis Market Faced With Oversupply And Falling Prices
Friday, October 18, 2024 - 3:08pm | 637A 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...
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Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan
Tuesday, October 1, 2024 - 4:02pm | 373TerrAscend 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...
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East Vs. West Coast Cannabis: Is Your State Is Winning The $25B Race?
Wednesday, September 18, 2024 - 8:50am | 520While 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...
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Marijuana Sales Hit Record Highs In These 6 US States: Is Marijuana Outpacing Alcohol?
Friday, September 13, 2024 - 1:40pm | 578Marijuana 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,...
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Detroit Minority Cannabis Entrepreneurs Will Get No-Cost Mentorship And Training: Learn How To Empower Your Business In A $3B+ Market
Friday, September 13, 2024 - 9:51am | 537The 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-...
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Former Minnesota Mayor Cleared Of Cannabis Charges, Michigan Weed Prices Drop & More
Tuesday, September 3, 2024 - 8:42pm | 646This 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...
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Ohio's Sales Surge Might Cast Trouble For Michigan's Cannabis Market: Here's Why
Friday, August 23, 2024 - 8:25am | 714Michigan’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...
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THC-Infused Soda Maker Ramps Up Market Presence With Debut In MI, Boosts CA Product Offering
Tuesday, August 13, 2024 - 12:16pm | 527Jones 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...
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Cannabis Breathalyzers: Michigan Companies Are Using Them Out, But Are They Accurate?
Wednesday, August 7, 2024 - 12:15pm | 612Several 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...
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Cannabis Boom Or Bust: State Trends Marijuana Investors Can't Afford To Ignore In 2Q24
Tuesday, August 6, 2024 - 8:46pm | 759Quarterly 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...
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EXCLUSIVE: House Of Kush Partners With Pleasantrees To Bring Legacy Cannabis Genetics To Michigan
Monday, July 29, 2024 - 2:33pm | 518House 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...
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Michigan's Cannabis Market Hits $837M Record: What's Driving The Boom In The Midwest?
Wednesday, July 17, 2024 - 10:13pm | 826Legal 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%...
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Cannabis Concentrates Brands With Strong Growth: Acquisition Targets Amid Industry Consolidation
Saturday, July 13, 2024 - 8:51am | 968Amid industry consolidation, identifying emerging brands in key markets is crucial for acquisitions and collaborations. While wholesale prices have risen, retailer margins have tightened, reducing profitability. Cannabis concentrates offer a way to premiumize offerings and improve margins in this...