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Michigan Marijuana Sales Hit Another Record High, Reaching $277 Million In July

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Michigan marijuana sales reached yet another record high in July, with nearly $277 million worth of cannabis sold.

Adult-use marijuana purchases accounted for the majority of the total, at $270,603,217. Medical marijuana sales were at $6,143,046.  This beats the prior record set in June by more than $16 million.

Most of the cannabis purchases came from flower, followed by vape cartridges and infused edibles, the Michigan Cannabis Regulatory Agency (CRA) data, first reported by New Cannabis Ventures, shows.

The state is seeing these consistent record-setting sales even as the average cost of marijuana has remained at record lows, with the price of an ounce for adult-use cannabis now hovering around $98. In December 2021, by contrast, the cost of an ounce was about $180. The average ounce for medical marijuana last month sold for $102.

While the state’s cannabis market has continued to mature, businesses still face challenges under federal prohibition, including a lack of access to traditional financial services that has created a cash-intensive industry that is uniquely targeted by crime.

Meanwhile, former Michigan House Speaker Rick Johnson (R), who went on to chair the state’s Marijuana Licensing Board, caught headlines in April after a federal prosecutor charged him for allegedly taking bribes in exchange

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Florida Marijuana Legalization Measure Has Enough Support To Pass In Internal Polling, CEO Of Company Funding Campaign Says

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The CEO of a top marijuana company is pushing back against recent surveys showing insufficient support to pass a Florida legalization ballot initiative this November, claiming internal polling shows the measure ahead by a comfortable margin.

After the state Supreme Court cleared the proposal for ballot placement, rejecting a constitutional challenge from Florida Attorney General Ashley Moody (R), two polls came out indicating that the Smart & Safe Florida campaign didn’t have the required 60 percent support for passage.

But in an interview with Cheddar on Thursday, Tulieve CEO Kim Rivers dismissed the surveys, saying “don’t believe everything you’re hearing” when it comes to the two most recent polls “in particular.”

“We would not put our stock in those polls,” she said, adding that there are more “legitimate polls” from the past year that show the legalization measure “well over” the 60 percent threshold for passage.

Tulieve isn’t running the campaign, but it has been the main financial backer of the initiative, contributing nearly $50 million.

“Our internal numbers remain incredibly strong and closer to 70 [percent], actually than 60 [percent],” she said. “So [there’s] strong bipartisan support across the state.”

Rivers also said during Thursday’s interview that one recent

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Alabama Senator Calls State Medical Cannabis Commission A ‘Money Pit’ Amid Ongoing Litigation

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“I don’t know what the problems are, but we need to get that resolved over there or we are going to have to do something legislatively to correct this.”

By Ralph Chapoco, Alabama Reflector

The head of the Senate’s General Fund budget committee last week vented frustration at the Alabama Medical Cannabis Commission’s legal woes.

Speaking at Thursday’s Contract Review Committee meeting, Sen. Greg Albritton (R-Atmore), the chair of the Senate’s Finance and Taxation General Fund Committee, said the ongoing litigation over the commission’s licensing process had turned it into a “money pit.”

“Right now, we are putting money into it,” he said. “Right now, we are having more and more and more suits coming in. I don’t know what the problems are, but we need to get that resolved over there or we are going to have to do something legislatively to correct this.”

Brittany Peters, a spokeswoman for the AMCC, said in a statement Monday that the commission’s “longstanding position” was seeing the state medical cannabis program “become fully operational as soon as possible.”

“With the priority of serving patients in the state who would benefit from medical cannabis, the commission is committed to defending against the lawsuits

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Biden & Trump voters’ cannabis views (Newsletter: April 24, 2024)

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SC medical marijuana; Feds removing MDMA from drug testing; CA psychedelics; Ventura on cannabis politics; DEA psilocybin; Legalization & immigrants

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/ TOP THINGS TO KNOW

Reps. Morgan McGarvey (D-KY), Morgan Luttrell (R-TX) and seven other bipartisan members of Congress sent a letter pressing the Department of Veterans Affairs to form a strategic plan to implement MDMA-assisted psychedelic therapy in preparation for federal approval as soon as this summer.

The Substance Abuse and Mental Health Services Administration’s Drug Testing Advisory Board is weighing proposals to remove MDMA from federal workplace drug testing programs while adding fentanyl.

The South Carolina House Medical Cannabis Ad Hoc Committee held a hearing on a Senate-passed bill to legalize patient access—but only took testimony from

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