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Michigan's Cannabis Market Faced With Oversupply And Falling Prices
Friday, October 18, 2024 - 4:08pm | 637A recent article by Dustin Walsh published in Crain's Detroit points out that Michigan’s legal cannabis market is facing a sharp decline in September, with sales dropping nearly 10% from August. Total sales for the month amounted to $266.9 million, down from the record-breaking $295.4...
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Michigan Cops Bust One Of The Largest Illegal Weed Grow Operations To Date
Tuesday, March 12, 2024 - 5:00pm | 505Despite Michigan’s flourishing legal marijuana market, which reported sales exceeding $3 billion in 2023, the state is grappling with a thriving illicit market. This stark reality was highlighted by a major bust by the Michigan State Police's Marijuana & Tobacco Investigation Section,...
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Michigan's Skymint Hits The Auction Block, First Major Cannabis Company To Go To Highest Bidder
Thursday, June 1, 2023 - 10:44am | 459Michigan’s once-promising cannabis cultivator, which has been under a court-appointed receiver for the past three months, is being auctioned off. The company’s assets, including leases on 23 dispensaries and two cultivation sites, will be sold to the highest bidder, reported Crain...
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Michigan: Disappointing Social Equity Program, Cannabis Poisoning Among Children, Marijuana Sales Strong
Tuesday, December 13, 2022 - 10:25am | 697Despite efforts to inspire change and fariness in the community, it seems that Michigan's marijuana social equity program is failing to fulfill that purpose. Crain's Detroit's Dustin Walsh recently pointed out that in three years since recreational cannabis has been legal...