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The legalization of recreational marijuana in Michigan has had quite an impact. June was a record month with recreational sales of over $254 million, and medicinal sales close to $7 million.
Marijuana prices are near record lows. But an oversupply of product and fierce competition are leaving many companies struggling in the state’s still young industry. Some want the state to step in with licensing controls.
CADILLAC â As the city of Cadillac is just days away from the opening of the city s first recreational marijuana shop, the planning commission on Monday night approved a special land use permit for the city s first medical marijuana dispensary.
In all, the city will have two recreational shops and two medical shops, though the retailers would prefer if it were all recreational shops.
Since the early days of the application process in 2020, applicants have been saying that they don t see the medical marijuana business model as being sustainable in the long term.
On Monday night, the person who has been handling development for WL Green Ventures, which has the city s license to open a medical dispensary at 919 North Mitchell Street, put it in numbers.