Michigan cannabis licenses

Michigan Sold $258 Million In Marijuana In May. Now Lawmakers Want To Limit New Cannabis Licenses

As lawmakers consider limits on new cannabis licenses, state data suggests oversupply—not weak demand—is driving Michigan's marijuana market turmoil. LANSING — Michigan consumers purchased nearly $258 million worth of recreational marijuana in May, putting the state's cannabis industry on pace for another year of more than $3 billion in sales. Yet despite record-level consumer demand,

By |2026-06-19T12:02:34-04:00June 19th, 2026|Featured, Marijuana Business, News|

Michigan Cannabis Licenses Decline as Industry Shakeout Forces Growers and Dispensaries to Exit

LANSING - Michigan’s once booming cannabis industry is beginning to contract as the number of active marijuana business licenses declines and hundreds of previously issued licenses disappear from the market. Data from the Michigan Cannabis Regulatory Agency (CRA) shows that Michigan had about 2,171 active cannabis licenses by the end of 2025, covering growers, processors,

By |2026-03-15T18:35:32-04:00March 15th, 2026|Marijuana Business, News|