MiBiz is now Crain’s Grand Rapids Business. Visit our new site at crainsgrandrapids.com

Displaying items tagged: cannabis

Friday, 07 April 2023 05:45

More indictments likely to come tied to Michigan’s early cannabis ‘gold rush’

The federal corruption charges announced Thursday against former Michigan House Speaker Rick Johnson and three others likely signal a beginning, not an end.

Published in Economic Development
Thursday, 06 April 2023 11:08

Feds charger former Michigan House speaker in marijuana investigation

LANSING — Federal prosecutors announced corruption charges Thursday against former Michigan House Speaker Rick Johnson and three others in connection to bribes paid for marijuana licenses.

Published in Economic Development
Wednesday, 08 March 2023 15:41

Local governments use cannabis tax revenue to offset budget deficits, promote equity 

Some Michigan municipalities are getting creative with how they spend tax revenue coming back from their licensed cannabis businesses, while others are using the annual funding for core services and resolving budget deficits.

Published in Economic Development

Monday, 20 February 2023 09:26

MiBiz on WOOD-TV8: Grand Rapids cannabis operators call for social equity program changes

Grand Rapids cannabis operators are renewing calls for city officials to amend social equity requirements, which they say have become unreasonably hard and even impossible to attain.

Published in Economic Development
Friday, 17 February 2023 16:11

Grand Rapids cannabis operators ask city to rethink ‘impossible’ social equity goals 

GRAND RAPIDS — Cannabis operators want Grand Rapids officials to provide more education and clarity around the city’s Cannabis Social Equity Policy, as well as make policy changes so more operators can comply with their social equity promises.

Published in Economic Development
Wednesday, 21 December 2022 18:30

Facing strong headwinds, West Michigan cannabis operators seek new options for growth 

Michigan cannabis prices have plummeted as more competition saturates the market, leaving industry operators eyeing new pathways like consumption lounges to grow their businesses in 2023. 

Published in Economic Development

Wednesday, 21 December 2022 18:19

Cannabis banking exec expects Michigan prices to continue falling, more M&A in 2023

Prices in Michigan’s cannabis industry plummeted in 2022, leading to some closures and layoffs, and could fall even further in 2023 as more players enter the business.

Published in Finance
Friday, 16 September 2022 16:13

West Michigan entrepreneurs to open Middleville’s first dispensary

MIDDLEVILLE — Backed by a group of business partners from West Michigan, The Botanical Co. is opening the first adult-use cannabis dispensary in the village of Middleville.

Published in Small Business
Tuesday, 09 August 2022 21:35

GR cannabis operators ‘cautiously optimistic’ as city officials amend social equity requirements

GRAND RAPIDS — City commissioners narrowly approved a resolution Tuesday to amend Grand Rapids’ cannabis social equity program and hold off on enforcement until the beginning of 2023.

Published in Economic Development

Wednesday, 22 June 2022 16:24

Grand Haven to allow recreational cannabis businesses with major zoning limitations

Grand Haven will join dozens of communities statewide that allow cannabis sales for adult recreational use, though local officials have placed significant zoning restrictions on where retailers and other facilities could operate.

Published in Economic Development
Wednesday, 11 May 2022 12:25

Grand Rapids approves 90-day grace period for non-complying cannabis operators; licensing dispute attracts state attention

GRAND RAPIDS — A divided Grand Rapids City Commission is granting a 90-day grace period to cannabis operators that are failing to meet social equity goals they promised three years ago while city staff determine a path forward.

Published in Economic Development
Monday, 09 May 2022 12:53

MiBiz on WOOD-TV8: Most GR cannabis equity businesses not meeting goals

Very few Grand Rapids cannabis businesses are fulfilling social equity promises they made three years ago to gain an advantage when applying for a city license, though some city officials say the program is filled with “unattainable” goals.

Published in Economic Development

Friday, 06 May 2022 14:31

GR cannabis equity program in disarray with noncompliance, ‘unattainable’ goals

GRAND RAPIDS — Just three out of 11 cannabis dispensaries are fully complying with voluntary social equity commitments they made three years ago to improve their chances of obtaining a license in a highly competitive lottery system, MiBiz has learned.

Published in Economic Development
Monday, 28 February 2022 11:26

New Standard opening first dispensary in Grand Rapids near Medical Mile

GRAND RAPIDS — New Standard plans to open its first dispensary in Grand Rapids with a new building in the city’s Midtown district near Medical Mile. 

Friday, 11 February 2022 16:19

Terrapin, JARS Cannabis launch scholarship program for minority cannabis entrepreneurs

GRAND RAPIDS — Terrapin Care Station and JARS Cannabis are partnering with Higher Learning Institutions to launch a year-long professional development program for minority entrepreneurs looking to get into the cannabis industry.

Published in Talent

Wednesday, 10 November 2021 15:28

Whitmer joins bipartisan call to pass federal cannabis banking regulations

Gov. Gretchen Whitmer has joined 20 other governors in urging Congress to enact legislation that would enable more banks and credit unions to serve the growing cannabis industry.

Published in Finance
Sunday, 10 October 2021 16:15

Commercial cannabis growing operations cut into industrial real estate supply

The thriving and consistently crowded industrial real estate market has recently had to accommodate an increasing number of cannabis growing and processing plants in the municipalities that allow them.

Monday, 27 September 2021 14:13

Legislation seeks stricter oversight of medical cannabis caregivers

A six-bill package introduced this month in Lansing seeks stricter state oversight of medical cannabis caregivers, which critics say is a veiled attempt by commercial growers to increase their retail market share.

Published in Manufacturing

Thursday, 09 September 2021 16:50

Cloud Cannabis acquires Kalamazoo-area growing facility, announces new partnership with California cannabis brand

KALAMAZOO TWP. — Cloud Cannabis Co. has acquired a 70,000-square-foot commercial grow facility in Kalamazoo from cannabis company KKind.

Friday, 25 June 2021 15:20

New Standard continues West Michigan expansion with Saugatuck Township dispensary

SAUGATUCK TWP. — New Standard cannabis company has opened its sixth dispensary in West Michigan with a newly built retail store in Saugatuck Township.

Wednesday, 12 May 2021 14:34

New Standard acquires three Agri-Med cannabis dispensaries in West Michigan

MUSKEGON — Agri-Med LLC’s three dispensaries — which operate as Park Place Provisionary in Muskegon, Edmore Provisionary in Edmore, and Exit 9 Provisionary in Nunica — will be rebranded and operate as New Standard stores under an agreement announced this week. 

Published in Small Business

Tuesday, 30 March 2021 10:54

Fluresh launches incubator for startup cannabis businesses

GRAND RAPIDS — The city’s first cannabis dispensary has launched a business incubator called Fluresh Accelerator, which aims to increase access and equity in the growing cannabis industry.

Published in Small Business
Thursday, 04 March 2021 11:25

State distributes first $10 million from recreational marijuana taxes to municipalities

State officials are releasing nearly $10 million for more than 100 municipalities across the state that have allowed recreational marijuana dispensaries and microbusinesses.

Published in Economic Development
Wednesday, 27 January 2021 09:21

New Standard opening recreational-only cannabis dispensary in Sand Lake

SAND LAKE — The first cannabis dispensary in Sand Lake is opening Friday to sell exclusively recreational cannabis.

Thursday, 21 January 2021 17:23

Two more dispensaries launch recreational cannabis sales in Grand Rapids

GRAND RAPIDS — Five recreational cannabis dispensaries will be operating in the city of Grand Rapids by Friday morning. 

Wednesday, 08 July 2020 07:35

Grand Rapids to fast track recreational cannabis businesses ahead of schedule

GRAND RAPIDS — Existing medical cannabis businesses in Grand Rapids can apply months ahead of schedule for licenses to grow, process, transport and sell recreational marijuana. The Grand Rapids City Commission voted unanimously July 7 on a resolution that fast tracks current medical cannabis growers, processors, safety compliance facilities, secure transporters and provisioning centers’ ability to operate in the adult-use side of the cannabis industry. 

Published in Economic Development