Michigan Now Offers the Lowest Marijuana Prices Per Ounce

For years, Oregon has had the cheapest prices for legal marijuana, but Michigan now holds that title.

Data released today by the Cannabis Regulatory Agency (CRA) shows that the average cost per ounce of marijuana as of December 31 is $69.20. This is a nearly 30% decrease from just a year ago, when prices were around $98 per ounce.

By comparison, in Oregon, the average price per ounce is around $80 per ounce. In other states, the average cost is often much higher. For example, in Massachusetts, the cost is $130 per ounce, and in Illinois and Ohio it’s around $200.
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New Missouri Bill Would Legalize Psilocybin Therapy for Veterans

State Representative Richard West (R) introduced House Bill 829 in the Missouri legislature today, proposing a pathway for veterans to legally access psilocybin therapy under tightly regulated conditions.

Dried psilocybin mushrooms. (Photo credit: Kevin J. Beaty/Denverite).

The bill, aimed at supporting alternative treatments for mental health challenges, has been referred for further consideration.

HB 829 establishes a framework allowing veterans aged 21 and older to acquire, possess, and use psilocybin if they suffer from posttraumatic stress disorder (PTSD), major depressive disorder, substance use disorders, or are receiving end-of-life care. To qualify, veterans must participate in a research study, obtain documentation from a physician, and work with a trained facilitator, such as a healthcare professional meeting specific qualifications. Additionally, psilocybin would need to be tested by a state-licensed laboratory, and use would be capped at 150 milligrams annually.
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Mississippi Lawmaker Files Bill to Decriminalize First-Time Marijuana Possession

State Representative Omeria Scott (D) has introduced House Bill 30, a measure that would decriminalize first-time possession of small amounts of marijuana and synthetic cannabinoids in Mississippi.

Filed today and referred to the Judiciary Committee, the bill represents a significant shift in the state’s approach to minor drug offenses.

Current Mississippi law states “If thirty (30) grams or less of marijuana or ten (10) grams or less of synthetic cannabinoids are possessed, the offense is punishable by a fine of not less than One Hundred Dollars ($100.00) nor more than Two Hundred Fifty Dollars ($250.00).” This leaves open the possibility of a misdemeanor charge with up to 90 days in jail.
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New York Releases Annual Marijuana Equity Report: Over $1 Billion in Sales, 54% of Licenses Issued to Social Equity Applicants

The New York State Office of Cannabis Management (OCM) has released its annual Chief Equity Officer’s Report, “showcasing the progress and achievements of its Social and Economic Equity (SEE) Team in building a cannabis industry that is not only thriving but also prioritizes equity, inclusion, and economic opportunity.”

safe banking act

According to a press release sent today, this report details the transformative work accomplished thus far and offers a look ahead at the ambitious goals for 2025.

Key updates include:

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Court Reschedules Alabama Medical Marijuana Licensing Hearing as Legal Drama Continues

A court hearing regarding medical marijuana licensing in Alabama, originally set for January 13, has been rescheduled for February 11 at 10 a.m.

During the February 11 hearing, the Alabama Court of Civil Appeals will hear arguments over Montgomery Circuit Court Judge James Anderson’s temporary restraining order against the Alabama Medical Cannabis Commission (AMCC). No reason for the delay was provided by the court.

Alabama’s medical marijuana program was established by state lawmakers in 2021, allowing individuals with 15 qualifying medical conditions—including cancer, PTSD, chronic pain, and terminal illnesses—to become a legal medical marijuana patient, if they receive a recommendation from a physician. However, the law limits allowable forms to tablets, capsules, oils, creams, patches, and inhalable liquids. Smoking and edibles are prohibited, though gummies are permitted in peach flavor only.
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Connecticut: December Breaks Monthly Recreational Marijuana Sales Record

There was more recreational marijuana sold legally in December than any month prior, according to data just released by the Connecticut officials.

In December, licensed marijuana stores sold $18,417,317 worth of recreational marijuana products, in addition to $7,017,428 in medical marijuana products, combining for a total of $25,434,745. This brings the total for 2024 to $300 million.

Prior to December, the top month for recreational marijuana sales was August, with $17.9 million
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Tilray Brands Reports Q2 2025 Financial Results, With 29% Year-Over-Year Gross Profit Increase

Tilray Brands, Inc., a global lifestyle and consumer packaged goods company that’s “leading the forefront of beverage, cannabis and wellness industries”, today reported financial results for its second quarter ended November 30, 2024.

Tilray has reported significant financial growth in the second quarter, with gross profit rising 29% year-over-year to $61 million and net revenue reaching a record $211 million, marking 9% growth overall and 10% in constant currency. The company saw a 36% increase in beverage revenue, a 25% boost in international cannabis sales, and a 13% gain in its wellness segment. Additionally, Tilray announced “Project 420,” a $25 million synergy plan aimed at enhancing its beverage business.

Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, stated, “In our fiscal second quarter, Tilray achieved strong results while making significant progress on our strategic plan. Our dedication to operational excellence has improved Gross Margins, Gross Profit, and overall profitability across our business segments, positioning us favorably for future success.”
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DoorDash Announces it Now Delivers CBD and THC Products in Select States

DoorDash now offers hemp-derived THC and CBD products for on-demand delivery in select states, giving customers of legal age more products to enjoy while they relax and recharge.

Eligible customers can now order a variety of hemp-derived THC and CBD products from merchants like DashMart – a fulfillment platform and store from DoorDash offering businesses a new channel to reach customers locally – Total Wine & More, ABC Fine Wine & Spirits, and more directly to their door to enjoy along with their favorite meals, snacks, and other essentials.

“With the growing demand for hemp-derived THC and CBD products, we’re excited to expand access to a wide selection of products consumers crave,” said Jacob Morello, Director, GM of Alcohol and Emerging Categories at DoorDash. “As preferences evolve, DoorDash can now help eligible customers find new products to safely enjoy while they unwind and recharge in the new year.”
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Montana Marijuana Sales Reach $26.7 Million in December, Bringing 2024 Total to $336 Million

Montana’s marijuana market ended 2024 on a strong note, with over $26 million in total sales recorded in December.

The Montana Department of Revenue reported that December sales included $23,157,172 in recreational marijuana and $3,535,860 in medical marijuana, combining for a total of $26,693,032. Sales figures encompass dried marijuana along with various marijuana products, including edibles, concentrates, prerolls, and topicals.

The year-to-date total for 2024 now stands at approximately $336 million, resulting in nearly $60 million in tax revenue, while all-time sales in the state have reached $947,002,982.
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Michigan Marijuana Sales Pass $3 Billion in 2024, All-Time Total Passes $11.8 Billion

In December, marijuana and marijuana products generated $265,504,958.67 in sales in Michigan, according to data from the state’s Cannabis Regulatory Agency (CRA).

Recreational marijuana accounted for the overwhelming majority of sales, totaling $264,689,198.93, while medical marijuana brought in $815,759.74. These figures bring the state’s year-to-date total to approximately $3.1 billion.

The all-time total for recreational sales has now reached $10,218,680,807.17, reflecting the continued growth of Michigan’s legal marijuana market. The average price for an ounce of recreational marijuana hit a new low of $69.20 in December.
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