Stash Ventures, a vertically integrated marijuana company in Mount Pleasant, Michigan, acquired 11 stores from Cloud Cannabis Co. The affected joints were sold between Nov. 25, 2023, and May 6, 2024, at 20 different dispensaries throughout the state. This story was republished with permission from Crain's Detroit and written by Dustin Walsh. Mount Pleasant-based cannabis company Stash Ventures has acquired the dispensaries of Troy-based Cloud Cannabis Co. in what is the first notable acquisition in the sector of 2024.
It turns out the grass really is greener on the other side. More than six months into Traverse City's long-awaited entry into recreational cannabis, Cloud Cannabis Co. is scheduled to open the first marijuana retail outlet in Gaylord on Tuesday at 710 Edelweiss Village Parkway. The City of Gaylord has revoked a marijuana retail license from a local shop due to several violations. Michigan's Gaylord gets its first cannabis dispensary on Tuesday. Cloud Cannabis Co. is set to open its Gaylord outpost at 710 Edelweiss. This list is not exhaustive and only a snippet of the entire retail sector of the industry, which has hundreds of dispensaries.