This story was republished with permission from Crain’s Detroit. Detroit City Council Member Angela Whitfield Calloway issued a draft city code amendment to her peers this week to put restrictions on marijuana advertising in the city. The amendment would force advertising done by marijuana retailers to follow the same rules …
Rescheduling could expand medical marijuana beyond dispensaries
Conversations around rescheduling cannabis usually center around how such a move will affect the adult-use cannabis industry. However, the bigger impact of such a move could be on medical marijuana. If the plant is rescheduled from a Schedule I drug to Schedule III, cannabis would be on par with most …
The Daily Hit: October 17, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, October 17, 2024. On the Site Starbuds busted for Starbucks copycat logo Starbuds has to quit using the name and logo and destroy all products containing the images. Read more here. Kentucky approves medical cannabis framework …
Illinois cannabis revenue drops for the first time
This story was republished with permission from Crain’s Chicago. Statewide marijuana sales revenue in Illinois dropped 2% in September, the first year-over-year decline since recreational cannabis became legal in the state four years ago. Sales totaled $136.5 million last month, down from $139.5 million a year ago and $147.4 million in …