Michigan's cannabis industry has gone through some growing pains: What to expect in 2023

Michigan's still-young legalized adult-use cannabis industry went through some growing pains last year. Prices of cannabis products rapidly declined, and, as a result, cannabis companies struggled to survive.

At the same time, some of those companies continued to innovate, bringing new types and a wide variety of products to the market while prices dropped throughout the year.

In other words, 2022 was a good time to be a cannabis consumer. Expect that to continue in 2023, Michigan cannabis industry insiders say.

If a line of tents with prospective cannabis business owners camped out in order to get a license in the Downriver community of Riverview is any indication of interest in the industry, businesses are still eager to get their piece of a growing number of cannabis sales. For consumers, there have never been more options in terms of where to buy an expanding variety of cannabis products.

To read the complete article, go to eu.freep.com

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