Two prominent players in Michigan’s cannabis and craft brewing industries have launched a new product merging their areas of expertise: beer-flavored edibles.
GRAND RAPIDS — Following mixed messages from the Grand Rapids City Commission late last month, marijuana advocates hope city officials will ultimately open more properties for medical and recreational facilities.
LANSING — Medical marijuana provider Green Peak Innovations LLC closed on $10 million in mezzanine financing to support expansion in Michigan and elsewhere.
Michigan’s medical marijuana market has experienced a flurry of activity in the past two weeks involving court rulings, state guidelines and legislation, and culminating in a showdown within the marijuana business community. The contention hinges on competition between state-licensed and unlicensed businesses and growers.
A Mid Michigan medical marijuana company plans to expand after raising more than $30 million in capital.
As Grand Rapids adjusts to a new medical marijuana ordinance and as voters consider legalizing recreational marijuana later this year, employers continue to express uncertainty about the future.