Michigan: Page 2

Agrify Corp., Nature’s Miracle Terminate Planned Merger Under Mutual Agreement

The termination marks a U-turn from a signed definitive agreement announced just four days earlier.

Michigan’s Adult-Use Cannabis Sales Up 21% From Last Year

The nation’s second-largest market reported nearly $1.1 billion in sales through the first four months of 2024.

Going Vertical: Calyxeum, Black Women-Owned and Operated Michigan Cannabis Cultivator and Processor, Set to Open New Dispensary in Detroit on 4/20

Detroit-based cannabis cultivator and processor Calyxeum is set to open its first retail dispensary in Detroit on April 20. The company has partnered with renowned Michigan cannabis retailer Moses Roses to unveil Moses Roses Powered By Calyxeum.

Michigan

These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.

Highway Horticulture’s Passion for Passionate People

Finding employees who take pride in their work, promoting from within, and communication drive the company’s top-ranking culture.

Michigan CRA Announces 62 Social Equity Licensees Will Share $1 Million From the 2024 Social Equity Grant Program

Michigan’s Cannabis Regulatory Agency notified the social equity licensees that they were each eligible for an equal share of $16,129 from the grant program.

Is the Cannabis Industry Focused on the Wrong Metrics For Success?

Lume Cannabis Co. CEO Dave Morrow, a former champion lacrosse player who founded Warrior Sports, says "creating innovative units at scale" is key to building a brand consumers love.

Fast Take With Kevin Kuethe, Chief Cultivation Officer, Lume Cannabis Co.

"To be able to function and operate, you have to be on point at all times," Kuethe says of the requirements to be successful in the cannabis industry.

Lume’s Rapid Rise

How Lume Cannabis Co. has flourished—growing from $2 million to nearly $200 million in revenue in four years—amid Michigan’s plunging retail prices and other challenges.

‘Challenge Our Own Thinking’

In Cannabis Business Times first issue of 2024, you’ll find many examples of experts in the field questioning longstanding cultivation practices, fine-tuning their craft and generously sharing what they’ve learned with CBT.

Michigan Caps Off $3 Billion Year in Cannabis Sales With Record-Breaking December

The state’s licensed dispensaries sold nearly 1 million pounds of cannabis flower in 2023 at an average cost of $92 per ounce to consumers.

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