Michigan

Wed
07
Apr

Michigan To Introduce Bill That Bans Cannabis Billboards

A new bill to be introduced in Michigan would potentially stop cannabis businesses from being able to advertise on billboards. 

State Representative Mary Whiteford, a Republican based in Allegan County, is one of the co-sponsors of the bill, standing against cannabis billboards alongside Democratic State Representative Abdullah Hammoud out of Dearborn.

Fri
26
Mar

New Rules Go Into Effect For Michigan Industrial Hemp Growers

Two years ago, the Michigan Department of Agriculture and Rural Development (MDARD) established the state’s first Industrial Hemp Ag Pilot Program so farmers, processors, and colleges and universities could grow, handle, process, and research industrial hemp. The program continued into the 2020 growing season, with 631 growers and 517 processor-handlers registered and/or licensed to grow, process, and market industrial hemp.   The bill, sponsored by Senator Dan Lauwers (R-Brockway Township) set a lot of parameters for hemp growers.

Thu
25
Mar

Michigan cannabis sales grow by 160 per cent year over year for month of February

The shortest month of the year proved to be a fruitful one for cannabis sales in the state of Michigan.

New data released from the Michigan Marijuana Regulatory Agency (MRA) shows that cannabis sales topped US$105 million in February, a 160 per cent year-over-year increase.

The MRA tracks sales figures for both medical and adult-use cannabis. Last February, medical cannabis sales outpaced recreational sales, US$25.7 million to US$14.8 million.

This February, however, medical sales totalled more than US$38 million and recreational sales grew to more than US$67 million.

Fri
19
Mar

Michigan Cracks Down on Cannabis Banking Through Credit Unions

Michigan credit union just got penalized for working with cannabis businesses, despite the fact that this is a gray area for financial institutions. 

This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry.

Thu
11
Mar

“Ban” On Girl Scout Cookie Sales Outside Dispensaries Overturned

In the USA, enterprising girl scouts have enjoyed roaring trade selling their cookies outside of recreational and medical cannabis centres (go figure). But it hasn’t been without its upsets.

On the first weekend of this month, a girl scout troop set themselves up selling cookies in front of The Greenhouse of Walled Lake, a legal medical and recreational marijuana dispensary and provisioning center in Oakland, Michigan. The girls sold more than 1,000 boxes.

It was such a hit that The Greenhouse invited other troops to return last weekend. However, it appears Girl Scouts of Southeastern Michigan council found out about it and stopped the event from happening, suggesting it was against policy.

Mon
08
Mar

Recreational marijuana sales in Michigan totaled $341 million in 2020

Michigan made a lot of money from the legal cannabis business in 2020, according to new figures released by the state.

More than 100 local governments are getting a share of $10 million collected by the state from taxing recreational marijuana sales — as a part of the Michigan Regulation and Taxation of Marijuana Act — which totaled more than $341 million last year.

This week, 38 cities, seven villages, 21 townships and 38 counties began receiving payments from the Marihuana Regulation Fund for every licensed retail store and microbusiness within its jurisdiction. For the state’s 2020 fiscal year, this means each eligible municipality and county will receive around $28,000 for every licensed retail store or microbusiness.

Fri
05
Mar

State distributes $10 million in tax revenue to communities with recreational marijuana businesses

shelves stacked with jars of cannabis

The Michigan Department of Treasury is distributing nearly $10 million to more than 100 communities as a part of the Michigan Regulation and Taxation of Marijuana Act.

More than $341 million in adult-use marijuana sales were reported for fiscal year 2020.

Wed
03
Mar

New state plan has Michigan hemp growers uncertain about the future

hemp farmers and tractor on a field

Hemp growers in Michigan say they’re frustrated by the new regulations and fees for reporting hemp samples.

The changes by the Michigan Department of Agriculture and Rural Development leave many hemp growers saying it’s uncertain if they can afford to grow next season.

Industrial hemp in Michigan started with a 2018 federal law that removed hemp, known as Cannabis sativa L., as a schedule 1 controlled substance and made it an agricultural commodity, according to the U.S. Food and Drug Administration.

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.

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