As Michigan wholesale prices drop, smaller operators may be endangered, say old hands
One Michigan operator reports that a wholesale pound of weed once available for $3,000 is now available for as little as $600.
One Michigan operator reports that a wholesale pound of weed once available for $3,000 is now available for as little as $600.
In the meantime, no recreational licenses have been issued within Detroit city limits, although it continues to approve medical licenses.
“You’ll see the prices go back up in the summer, you’ll start to see sales go back up. In the summer, they will get to a point that’s higher than it is right now. Not a lot higher.”
The MRA had expressly asked for public comment on whether or not product remediation should be labeled on products, although it is already reported in Metrc for those who can look up by batch number.
“Being a union cannabis firm, we would get a lot of support from other unions in the area. There’s 650,000 active union members and million retired union members in Michigan. That’s a lot of potential customers.”
Today there are only seven operating Microbusinesses, which allow 150 plants. The new Class A type would allow 500 plants.
“How is it fair for me as a manufacturer that I should pay hundreds of thousands of dollars a year knowing that the accuracy is suspect at times and when we know there is dirty material that’s still on the shelves?”
“If the competition is going to do it and I don’t, then I will lose customers. I operate delivery at a loss.”
Michigan cannabis sales were $152.6 million for the first month of the year. That’s 15% below its December 2021 sales.
“It is much less [expensive] because CBD is much cheaper. You can procure CBD with a much lower pricing system.”