canna cracks

On F'nAround in the Morning, we’ve been diving into how big cannabis maneuvers through the cracks in the system, and today’s news offers perfect examples. In Michigan, regulators have faced criticism for their approach, as companies like Sky Labs, now facing their fifth lawsuit, continue operations without meaningful accountability. Meanwhile, Red White & Bloom’s Michigan subsidiary, Pharmaco, is under receivership a striking example of financial mismanagement and overreach impacting employees and communities. These cases highlight a growing concern over regulatory effectiveness and industry practices.

At the same time, companies like Althea Group are steadily expanding through partnerships like their deal with Boston Beer, showing legacy entry points into cannabis. This mirrors trends we’ve discussed, including Illinois’ attempted hemp bill regulations and Kentucky’s vape laws, where loopholes and weak oversight allow large legacy players to claim an ever-growing share of the market. It’s all part of the industry’s consolidation, prioritizing profit and domination over equity, accountability, and the promises made to communities.

We’ll keep unpacking these developments on F'nAround in the Morning, where we push for real transparency and meaningful change across industries. Thoughts on where this is heading?