Keep Underestimating Michigan: This Midwest Powerhouse is Just Hitting its Stride

Benzinga

March 3, 2023 8:26 AM | 4 min read

by Denise Pollicella, Benzinga Contributor

It is no secret that Michigan cannabis businesses have had a rough time of it lately. The market consolidation that took three to five years in other maturing legal cannabis states compressed into the span of roughly 18 months in Michigan in which the wholesale price of marijuana cratered by an astounding 90%. This is in a state that most MSOs had already passed on, primarily due to the unlimited state license structure.