Destiny O.

Forty U.S. states and the District of Columbia currently have legal cannabis, medical or recreational. Despite this massive shift in cannabis policy, however, a few states are still dragging their feet on cannabis legalization. For example, there are some states where only CBD-based products are allowed. Others like Idaho, meanwhile, consider even simple CBD possession…

As businesses across industries deal with price hikes and fear of an economic slump, recreational cannabis companies have too, felt the pain.  Thanks to legalization, cannabis production now outpaces demand in many cannabis-friendly states. As a result, these same states have experienced unprecedented drops in cannabis product prices. Cannabis businesses, experiencing a decrease in revenue,…

Michigan’s cannabis industry has grown into a giant economic force. In 2022, Michigan witnessed a staggering $2.03 billion in recreational marijuana sales. On the other hand, medical cannabis, which requires a state-issued medical marijuana card, raked in an additional $256 million. These figures were reported by the Cannabis Regulatory Agency (CRA), the state’s authority responsible for moderating…