Michigan

Thu
25
Feb

Michigan May Get Its Own Marijuana Stock Exchange

a person watching the screen with stocks on it

The Michigan Marijuana Market could be the key to overcoming barriers to participation in the booming cannabis economy.

January has been a watershed month for cannabis in the state of Michigan, as the Michigan Marijuana Regulatory Agency announced sixteen proposed changes to the state’s cannabis laws and regulations. Aimed at improving access to capital for people of color seeking to break into the cannabis market, this initiative also seeks to address other hurdles commonly faced by minorities in the marijuana industry.

Fri
19
Feb

Michigan Cannabis Sales Neared $1 Billion in 2020

money with cannabis ontop

Cannabis sales in Michigan approached $1 billion in 2020, state records show.

According to data from the Michigan Marijuana Regulatory Agency (MRA), combined sales of medical marijuana and adult-use cannabis reached $984.7 million.

Adult-use cannabis made up more than 50% of statewide sales, reaching $510.6 million, while medical marijuana sales eclipsed $474 million.

Sales peaked in July, when consumers spent $109.5 million on adult-use cannabis and more than $52 million on medical marijuana.

In addition to July, monthly consumer spending on cannabis surpassed $100 million four other times in 2020 — August, September, October and December.

Fri
19
Feb

Michigan Leads The Pack In Cannabis Industry Job Growth

woman walking amongst field of marijuana

The number of cannabis industry jobs in Michigan is growing faster than any other state with legal marijuana, according to a new jobs report released on Tuesday. Michigan has surpassed Oregon and now places sixth on the list of the most cannabis jobs by state, as documented by the report from cannabis education resource and marketplace Leafly.

Wed
17
Feb

Fibromyalgia Patients & CBD: What University Of Michigan Researchers Discovered

woman in fetal position in pain

A recent survey reveals that a knowledge gap of cannabis may be holding back millions of people from a better treatment option.

As with many other conditions, fibromyalgia often manifests in more ways than one. a The disorder, which is characterized by widespread musculoskeletal pain, includes symptoms such as mental fog, chronic pain, sleep issues, depression, and more. Two to 4% of the population suffers from this condition, meaning millions of people are feeling less than their best.

Tue
16
Feb

Michigan’s marijuana industry surpasses Oregon in cannabis jobs, report says

worker tending to marijuana plants

More than 18,000 workers are employed in Michigan’s marijuana industry, nearly double the number of cannabis jobs in the state a year ago, according to a new cannabis industry jobs report.

“There are now more cannabis workers than cops in Michigan,” said the fifth annual Leafly jobs report, released Tuesday. “In a state known for its auto industry, the number of cannabis workers is now roughly equal to the number of auto repair mechanics.”

Leafly, a Seattle-based marijuana media organization, uses available revenue and labor figures from licensing records to compile the annual report.

Tue
02
Feb

Michigan’s Recreational Cannabis Market Is Booming

a small leaf growing from soil

Just more than a year after recreational cannabis sales began in Michigan, the state’s legal cannabis market has grown by leaps and bounds and shows no signs of slowing down any time soon. In December, Michigan showed the highest growth in sales of any legal cannabis market in the U.S., posting a 146% gain in gross merchandise value over the previous year, according to data from wholesale cannabis marketplace LeafLink.

Fri
29
Jan

Michigan marijuana may be contaminated with mold, testing labs warn

plastic bags packed with cannabis

Marijuana for sale in Michigan is contaminated with mold and yeast, a group of cannabis testing labs is warning. 

Moreover, the state is no longer allowing a specific marijuana testing method.

But the Michigan Cannabis Industry Association said Wednesday it disagrees with the lab group's findings, saying the state's move to pause one of the methods to test for contaminants was made "out of an abundance of caution," but "there's no evidence" the pot is actually tainted.

"From our perspective, there has not been any indication there is contaminated product in the system," said Robin Schneider, the association's executive director. The issue, she added, is an "ongoing scientific debate" and not a public safety matter.

Thu
21
Jan

States Enter the Billion Dollar Cannabis Club For 2020

As states report cannabis sales numbers for 2020, record highs continue across the country. It’s become a billion-dollar business for several states, blowing out levels that states had estimated when originally planning legalization.

Wed
20
Jan

Michigan Dispensary Gives Cannabis for COVID Vaccinations

Woman up close preparing covid 19 vaccine needle

A Michigan dispensary has come up with an incredibly creative idea to get people on board with the concept of vaccination: offer free cannabis to those willing to get the vaccine. 

Wed
20
Jan

Report calls for new marijuana taxes to help promote minority ownership

marijuana leaf against a green background

An advisory group is recommending new taxes on marijuana sales to raise millions of dollars that would be used to improve diversity and help disadvantaged groups succeed in the industry.

Data collected by the Michigan Marijuana Regulatory Agency in December show that only 3.8% of those with an ownership interest in licensed recreational marijuana businesses in Michigan are Black and only 1.5% are Hispanic or Latino, according to an agency report

Pages

Subscribe to RSS - Michigan