This story was republished with permission from Crain’s Detroit. Michigan marijuana prices dropped another 6% in October, setting yet another record low and putting more pressure in the already strained cannabis operators in the state. But has the state industry seen bottom? The average price for an ounce of cannabis flower in Michigan’s adult-use market has […]
A two-day auction is scheduled for next month to sell the remaining equipment assets formerly owned by defunct Michigan marijuana company Skymint. Skymint entered receivership in March 2023 after defaulting on a loan. Robert Levy Associates and Solid Asset Solutions on Monday said in a news release that an online auction would be held Nov. 12-13 […]
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 […]
