Michigan’s tribes trying multiple ways to enter cannabis market
Native American tribes in Michigan are making a pair of moves which may open the state’s already relatively unregulated market even more.
Native American tribes in Michigan are making a pair of moves which may open the state’s already relatively unregulated market even more.
Michigan legal cannabis sales dropped while Illinois legal cannabis sales leveled out.
Last month the Michigan Marijuana Regulatory Agency announced plans to roll back the state’s requirement that applicants for adult-use cannabis licenses must first obtain a medical cannabis license.
To better understand the Michigan market and its unique circumstances, Grown In interviewed a series of cannabis industry leaders throughout the state and found six consistent themes.
Supply constraints are having a direct impact on pricing.
Illinois has fewer legal cannabis dispensaries than any state, including Nevada, which has 9.7 million fewer people.
As Michigan’s cannabis prices drop, it will be interesting to see if overall sales continue to outpace Illinois in July.
A compilation of data on the rules, regulations, and state of the industry for cannabis-legal states, our first briefings focus on Illinois and Michigan.
Using weekly license data reported by the MRA, Grown In has developed a sharp picture of the current state of cannabis in Michigan.
Michigan has been adding new cannabis medical and recreational retail locations at a fast clip, by issuing Stage Two licenses at an average of about 33 locations a month.