New information shows that cannabis products in Michigan have half the value they had 18 months ago. Michigan’s Cannabis Regulatory Agency previously announced that prices for cannabis in the state are dropping between 40-50%.
The state of Michigan has over 97 licensed dispensaries, and the number keeps climbing, but the surplus could lead to more dispensary closures in the future.
Some Cassopolis dispensaries are producing larger quantities of cannabis, including Sunset Coast, with more than 1900 cannabis plants throughout three grow rooms, and Highway Horticulture, which harvests anywhere from 350-400 pounds of cannabis per month.
Large investments like these are being made all across Michigan and are leading to a decrease in prices and the possibility of being run out of business for dispensary operators.
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