Michigan sets record with $295.4 million in monthly marijuana sales

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3 months ago

September 13, 2024

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Michigan marijuana retailers sold $295,412,252 worth of medical and recreational cannabis in August, setting a new monthly record.

The previous record was set in March, when total sales hit $288,843,279, according to MJBizDaily’s analysis of the latest data released by the Michigan Cannabis Regulatory Agency (CRA).

Sales in August were up 2.7% over July, when retailers reported $287,743,072 in total sales.

Medical marijuana sales accounted for less than 1% of total regulated cannabis sales in August, according to MJBizDaily analysis.

August marked the third-consecutive month of increasing sales in the state.

Michigan retailers in August also broke a monthly record for selling 100,894 pounds of flower, Cannabis Business Times reported.

Meanwhile, the average price per ounce of flower was $80.14, a near-record

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Florida approves 22 applicants for medical marijuana dispensary licenses

Published

2 days ago

November 26, 2024

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The wait is over for 74 applicants in Florida hoping to secure Medical Marijuana Treatment Center licenses.

The state’s Office of Medical Marijuana Use on Tuesday published the list of 22 companies that received “letters of intent to approve” their license applications.

In Florida, medical cannabis dispensaries are called Medical Marijuana Treatment Centers (MMTC).

The successful applicants were:

A Good Decision Alamanda Farms East Coast Packers FG Operating Florida Florida Sports Consultants (doing business as Belushi’s Farm Florida) Gates Housing Group Global Investment Group (dba Infinite Wellness) Green Point Research Healing Greene FL KCOF (dba Klutch Cannabis) King Palms O’Donnell Landscapes Pioneer Growers of Florida Pure Beauty Farms RAAB (dba Canna Direct) Star Buds Florida Statewide Property Holdings FL Stiiizy Florida

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Marijuana Business Daily

Rejected applicants sue Minnesota over marijuana social equity licensing process

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6 days ago

November 22, 2024

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Two women are suing Minnesota’s cannabis regulator after being denied an opportunity to participate in the upcoming lottery for adult-use marijuana social equity business licenses.

Cristina Aranguiz and Jodi Connolly allege in a lawsuit they filed Thursday allege that Minnesota’s Office of Cannabis Management (OCM) made an “arbitrary and capricious decision” in denying their applications to participate in the lottery and offered no explanation, the Minnesota Reformer reported.

Earlier this week, the OCM announced that roughly two-thirds of the 1,817 social equity license applicants had been disqualified because they failed to complete the application process, turned in multiple applications or disguised the true investors in their companies.

The plaintiffs’ complaint – which also names the OCM’s interim director, Charlene Briner – alleges

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USDA assumes oversight of Michigan hemp farmers

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6 days ago

November 22, 2024

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Michigan hemp farmers are operating under the U.S. Department of Agriculture now that the state has shut down its industrial hemp program.

According to Hemp Today, the change means farmers are subject to stricter pre-harvest THC testing protocols that require all tests to be conducted at Drug Enforcement Administration-approved laboratories once that program is up and running.

Compliance requirements also are more stringent, with more detailed recordkeeping and reporting mandated.

But some of the changes will benefit hemp farmers, according to Hemp Today.

For example, licensing fees will be lower than the $1,350 that hemp farmers were paying to grow their crops.

“Now that more uses of industrial hemp products in the building and animal feed sectors are starting to emerge, this

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