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The average retail price for an ounce of recreational marijuana flower was $95.08 in December 2023, a 73% decline from the average price of $350.88 in December 2020, when the recreational cannabis ...
More supply than consumption means there could be downward price pressure for cannabis in Michigan for the foreseeable future. Marijuana prices likely to keep falling in Niles, Buchanan and other ...
By October 2022, the price was down to $109.We asked an industry expert why prices are plummeting. ... According to state reports from Michigan’s Marijuana Regulatory Agency, in October 2020 the ...
On November 6, 2018, Michigan voters approved Proposal 1 by a 56–44 margin, making Michigan the 10th state (and first in the Midwest) to legalize cannabis for recreational use. [ 17 ] The Michigan Regulation and Taxation of Marihuana Act allows persons age 21 and over to possess up to 2 + 1 ⁄ 2 ounces (71 g) of cannabis in public, up to 10 ...
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For the second year in a row, Coldwater and Quincy received increased marijuana excise tax revenues from the $87 million distributed among the 269 municipalities that allow these businesses, the ...
Medical marijuana is legal in 33 states. The US cannabis market, in general, has been opening up, especially since Canada legalized marijuana in late 2018. Despite the progress being slow, 11 ...
More on Michigan's cannabis industry: Michigan surpasses California as the top cannabis market in the U.S. by sales volume More on the state's marijuana industry: Michigan's cannabis industry ...