skip to Main Content
Michigan marijuana grows ask state to slow corporate ‘green rush’

Michigan marijuana prices are plummeting, striking fear into small growers who’ve invested nearly everything to join the state’s young and volatile market that some say is being consumed by big corporate business in a “race to the bottom.”

They cited the deep-pocket capabilities of large, multi-state corporate growers to drive down prices and push out small competitors, as well as the ever-present competition from illicit marijuana sneaking into the state from without and within.

The overwhelming majority of commenters at the Cannabis Regulatory Agency (CRA) public quarterly meeting held in Lansing Wednesday, Sept. 14, identified themselves as small players in the 3-year-old recreational market and asked regulators to stop issuing new grow licenses, at least temporarily. They also want to cap the number of plants any single business can grow to 10,000. Several requested better enforcement to keep out black-market marijuana.

Kristsa Beller, who operates Real Leaf Solutions, a 2,000-plant grow in Kalkaska, said a moratorium on new grow licenses would push back against the “capitalism gone wild” that has “ravaged other states” and protect communities from the “poverty and decay that is left in the wake of speculators.”

Over the last year, recreational marijuana flower prices have sunk 47% while recreational marijuana sales are up 126%, outgoing CRA Director Andrew Brisbo said, indicating increased market saturation.

[Read more at Michigan Live]
This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

CDTFA Cannabis Creditor: Myths and Truths

By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of…

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

Dug In: Big Island Grown’s Deep Cannabis Roots

Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…

More Categories

Back To Top
×Close search
Search