This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. Michigan ended 2023 as the nation’s unofficial marijuana king. In 2023, the state’s cannabis industry sold nearly $3.06 billion in medical and adult-recreational use marijuana — or about $305 worth of marijuana for every man, woman and child in …
Tag: Midwest
Release of Unredacted Rescheduling Letter Reignites Optimism in Cannabis Industry
Cannabis stocks in the U.S. were closed Monday for the Martin Luther King holiday, but if other exchange trading is any indication, the two-year bear market may finally end. On Friday after the markets closed, the U.S. Department of Health and Human Services released an unredacted document that recommended the …
HHS Releases Unredacted Letter Confirming Agency’s Recommendation to DEA to Reclassify Marijuana to Schedule III
“It is significant for these health agencies to acknowledge publicly, for the first time, what many patients and advocates have known for decades: that cannabis is a safe and effective therapeutic agent for tens of millions of Americans.” The post HHS Releases Unredacted Letter Confirming Agency’s Recommendation to DEA to Reclassify Marijuana to Schedule III appeared first on NORML.
Cash Flow Woes Delay THC BioMed’s Financials, Triggers Trade Order
Vancouver-based cannabis producer THC BioMed Intl Ltd. (OTC: THCBF) is facing delays in filing its annual financial statements due to unpaid auditor fees, which also led to a management cease trade order by the British Columbia Securities Commission. The company did not submit its financial statements for the fiscal year …