Michigan cannabis

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%...

Amid 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...

State Representatives Graham Filler (R) and Jimmie Wilson, Jr. (D) introduced a bill aiming to modernize Michigan's cannabis laws. House Bills 5884-85 propose to merge the regulations for recreational and medical marijuana into a single regulatory framework under the Michigan Regulation and...

Michigan Cannabis Regulatory Agency (CRA) announced a ban on diluting agents used in vape pens, that has been shown to harm consumers, reported Detroit Free Press. According to CRA's technical bulletin issued Thursday, starting on Oct.1 the cannabis oil used in vape pens will need to be tested for...

Baker College has teamed up with Michigan's popular weed brand, House of Dank (HOD), to provide cannabis-related internships in Metro Detroit. This collaboration aims to create a talent pipeline for the cannabis industry while ensuring students receive comprehensive education and training. The news...

Despite California’s reputation and larger population, new data from cannabis analytics firm BDSA reveals Michigan has emerged as the top seller of legal cannabis in the U.S., surpassing the Golden State in unit sales. In March, Michigan sold 22 million cannabis products, while California...

Since Colorado and Washington became the first states to legalize adult-use cannabis sales in 2014, a green wave has swept over the U.S.  This progressive shift has not only transformed social norms but also yielded surprising financial benefits for participating states. A new report by...

The Sopranos actor and founding member of Bruce Springsteen's E Street Band, Stevie Van Zandt, is bringing his cannabis brand, Silvio’s Stash, to the Michigan market in collaboration with Calvin Johnson Jr. and Rob Sims' Primitiv, a cannabis company focused on elevated wellness. Van Zandt co-...

Legendary wrestler Ric Flair‘s cannabis brand, Ric Flair Drip has teamed up with Michigan brand Goldkine to debut its premium suite of cannabis products across the state. The initial product lineup features a range of products, from premium flower to infused pre-rolls. It can be found at all...

Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) has increased ownership in its Michigan operations from 52.2% to 80% via two transactions valued at $2.8 million. The purchase price included $200,000 paid in cash and $2.6 million paid by way of four-year sellers’ notes, the company said...

In the first quarter of 2024, the cannabis sector faces a mixed economic landscape with a notable sequential decline in sales across several states. Pablo Zuanic, senior analyst of Zuanic & Associates has detailed insights into the sector's performance, particularly focusing on multi-...

“Cannabusiness: Marijuana on Main Street,” a documentary by Bob Przybylski and Ron Beacom, offers a comprehensive look into Michigan’s cannabis industry. Set to air on Delta College Public Media on PBS at 8 p.m. Tuesday, April 23, the film takes viewers behind the scenes to...

In a recent sector analysis by Pablo Zuanic of Zuanic & Associates, key trends across four Eastern states are dissected to understand the brand landscape of the cannabis market. Zuanic navigates through the evolving dynamics of the cannabis industry, providing valuable insights into brand...

Michigan’s cannabis industry achieved a new record in March, with sales soaring to approximately $288.8 million. This figure represents a remarkable 15.7% increase compared to March 2023’s total sales of about $249.7 million.  A Closer Look At Sales Dynamics According to Michigan's...

As Detroit prepares for the NFL draft this April, a new feature is capturing visitors’ interest: the city’s burgeoning cannabis dispensaries. With recreational cannabis sales flourishing, Detroit will offer a unique glimpse into Michigan’s legalized landscape that will serve as a...