Business

Tennessee’s hemp industry has seen huge growth. Will new federal regulations slow it down?

Authored by: Corinne S. Kennedy, Memphis Commercial Appeal

As Tennessee hemp farmers prepare for the 2020 planting season, they’ll have new federal regulations to comply with, including strict THC testing protocols some industry advocates have criticized as heavily influenced by the Drug Enforcement Administration.

Michigan celebrates first legal cannabis purchases

Despite a frigid, rainy morning, three Michigan cannabis stores were open for the state’s first legal adult-use sales beginning at 10:00 a.m. this morning.

All three were in Ann Arbor, a hot spot for dispensaries in the state, and also the city where the annual Hash Bash is held. 

At Exclusive Brands an estimated 2,000 people waited in a line that circled around the block and into nearby parking lots, even two hours after opening.

The race is on for recreational marijuana licenses in Maine

The state will start accepting marijuana business licenses this month, but in some Maine communities that are welcoming the new industry, the race to be first in market has already begun. In a few it’s almost over, and in others the market is already closed, at least for now.

The Maine Office of Marijuana Policy will publish applications for state provisional licenses to grow adult-use cannabis, sell it and manufacture products made from it to its website Thursday, kicking off a monthslong state review of those vying to become pioneers in Maine’s recreational market.

One month to go until recreational weed becomes legal in Illinois. Here’s what you need to know.

When the most popular medical marijuana dispensary in Chicago begins selling recreational pot on New Year’s Day, it will operate like a busy restaurant. Dispensary 33 plans to take names from those in line and page customers by phone when they can get in.

MICHIGAN | Recreational marijuana sales will begin after 10 a.m. Sunday

LANSING, MI -- The first commercial recreational marijuana sales in Michigan are expected to occur after 10 a.m. Sunday, Dec. 1.

The Michigan Regulatory Agency on Wednesday, Nov. 27, announced it plans to officially transfer product currently licensed under the medical marijuana to the recreational side for sale at that time.

How will Denver’s new minimum wage impact the marijuana industry?

A recent survey of cannabis companies suggests future entry-level employees will see better pay in Denver thanks to a new law that will increase the city’s minimum wage to $15.87 by 2022.

At least one operator is ahead of the curve. Boulder-based Terrapin Care Station this month announced it was establishing a company-wide $15 minimum wage, a figure that will outpace Denver’s incremental increases for the next two years.