Legal Cannabis Businesses Struggle to Survive: How Michigan's Unlicensed Market is Crushing Licensed Operators

The Chronic Magazine
By Hunter DublinSep 23, 2024, 11:52 am164 pts
Michigan’s cannabis industry is rapidly expanding, with sales projected to surpass $3.3 billion this year. However, many licensed operators are struggling to stay afloat, facing intense financial pressure due to price compression, oversupply, and competition from the unlicensed market. A 2023 court ruling,…

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