This story was republished with permission from Crain’s Detroit. Michigan’s cannabis industry faces a reckoning in 2025. Oversupply and low, low prices are coming to a head in the industry, leaving a trail of shuttered cultivators and processors. The average price for an ounce of cannabis flower in Michigan’s adult-use market fell nearly 23% to $71.80 — […]
This story was republished with permission from Crain’s Detroit. After months of legal drama, cannabis real estate developer Jeffrey Yatooma failed to legalize marijuana operations in Howell — one of the last coveted communities for weed sales in Southeast Michigan. Voters in the Livingston County seat voted down a ballot initiative with more than 52% […]
This story was republished with permission from Crain’s Detroit. The remaining assets — ovens, centrifuges, laptops, lighting and a candy production line — of the state’s once-largest marijuana growing operation are up for auction. Skymint, whose cultivation assets have been under the authority of a court-ordered receiver since March 2023, is auctioning off the remainder […]
This story was republished with permission from Crain’s Detroit. Detroit City Council Member Angela Whitfield Calloway issued a draft city code amendment to her peers this week to put restrictions on marijuana advertising in the city. The amendment would force advertising done by marijuana retailers to follow the same rules as alcohol advertising in the […]
