Douglas Mains

Detroit’s new recreational cannabis law, welcomed by many, has triggered a land grab and is pushing up prices for property zoned specifically for cannabis shops. Recreational cannabis sales were finally approved, after months of delays, in an 8-1 vote in early April by Detroit...

Cannabis companies and their investors have a chance to help design the regulatory framework in their nascent industry if they’re willing to help government in that effort, policymakers from New York and Illinois said Tuesday. Illinois State Rep. Kelly Cassidy, who was the chief sponsor of...