A national weed glut is causing prices to plummet and imperiling businesses

Dec 25 2022 by POLITICO - TOP Stories

 

Michigan has way too much weed.

The number of cannabis grow operations serving the state’s recreational market has almost doubled in the past year. The number of active marijuana plants now exceeds 1.2 million, roughly six times the volume seen in 2020.

By one estimate, Michigan has enough cultivation capacity to supply three times as much weed as the state’s consumers are buying — and that doesn’t include the huge illegal market that by all accounts commands a large share...

Continue Reading A national weed glut is causing prices to plummet and imperiling businesses