Michigan booming marijuana market continues to pay off in additional money for various projects in local cities, townships, ...
MLive- Flint/Saginaw/Bay City on MSN6d
Michigan marijuana faces ‘year of reckoning’ in 2025
Prices hit historic lows, revenue slumps and businesses face closures as the Michigan marijuana market struggles.
Adult-use marijuana prices dropped another 3.9% in January as product oversupply continues to take its toll on the Michigan ...
“The oversupply of cannabis in Michigan has created a highly-competitive and unsustainable market,” Rob Nusbaum, founder and owner of the Pinconning-based operator, said in a statement to Crain’s.
Cities, villages, and townships will receive more than $49 million, while Michigan counties will also receive $49 million.
Each eligible municipality and county will receive more than $58,000 for every licensed retail store and microbusiness in marijuana tax sharing.