Michigan cannabis sales plunge 11.3% month over month
Michigan cannabis sales are plummeting. The state’s medical and recreational sales of $251.3 million were down 11.3% in September compared to the previous month, according to the Michigan Cannabis Regulatory Agency. ADVERTISEMENT That’s the largest monthly change in...
How AI is transforming the cannabis industry
Long constrained by strict regulations and advertising restrictions, the cannabis industry is finding a powerful ally in artificial intelligence (AI). From marketing agencies to dispensaries and software providers, AI is transforming how cannabis businesses operate,...
Court temporarily blocks Ohio’s hemp ban, citing retailers’ lawsuit
An Ohio judge has delayed Gov. Mike DeWine’s 90-day ban on intoxicating hemp products. Judge Carl Aveni of Franklin County Common Pleas Court issued the temporary delay on Tuesday, just hours after the ban went into effect, according to Fox19 Now. ADVERTISEMENT He...
Carmelo Anthony and Skyworld build a trust-first cannabis collab
As NBA legend Carmelo Anthony cements his Hall of Fame legacy, his cannabis line is sparking up one of its own. A synergistic collaboration with Skyworld, an indigenous-owned cultivator, prioritizes process over hype, building a partnership on discipline, data and...
Cannabis drinks now available at select Minnesota Target stores
Retail giant Target is selling hemp-derived THC beverages at some of its Minnesota stores. The launch coincides with ongoing debates in Congress over legislation that could recriminalize hemp-derived products containing measurable THC levels, while states nationwide...
How New York is keeping cannabis medical after legalization
By law, New York’s $2 billion cannabis market is famously “equity first.” In practical terms, that’s meant giving justice-impacted individuals and community-service nonprofits first crack at retail opportunities – and keeping that commitment despite near-constant...
Cannabis operator Ayr Wellness restructures to cut debt by 50%, focus on growth
Multistate cannabis operator Ayr Wellness is undergoing a restructuring that will cut its debt in half, streamline operations and enable the company to come out stronger under new ownership. Senior note holders, led by Boston-based investment adviser Millstreet...
BLAZE launches ‘BLAZE Labs’ and ‘Herbie’ AI assistant as part of broader rebrand and innovation push
BLAZE, a leading cannabis software company, is expanding its focus on artificial intelligence with a companywide rebrand and the debut of BLAZE Labs, an internal innovation hub designed to pilot experimental AI tools and gather retailer feedback. The first release...
Are Massachusetts cannabis commission votes valid? AG to decide
The Massachusetts Cannabis Control Commission is awaiting guidance from the attorney general’s office on the validity of votes taken during the two years following the removal of Chairwoman Shannon O’Brien. The votes include the approval of licenses and two rounds of...
Mitigating the impact of section 280E for cannabis businesses
Cannabis businesses, while legal in many states, face numerous challenges because of federal law. One of the most significant is the high federal effective tax rate, which can easily exceed 50%. These high rates are caused by Section 280E of the Internal Revenue Code....
Ohio governor bans THC-infused hemp products temporarily
Ohio Gov. Mike DeWine issued a 90-day ban on the sale of intoxicating hemp products, including THC-infused gummies and beverages commonly sold in gas stations, taprooms and retail stores. The products are defined as any THC-containing items sold outside of licensed...Featured
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