MICHIGAN—Cannabis is a big deal in Michigan—and there’s never a shortage of newsworthy headlines from the industry as the state inches closer to becoming the nation’s weed capital.
Here are nine things you need to know this week:
STATE INTERVENTION: More than a dozen dispensaries across Michigan were reportedly hit with fines and other disciplinary action from state regulators in January—including for unlicensed sales, improper waste disposal, and other issues.
2024 OUTLOOK: Industry experts expect Michigan’s marijuana supply will continue to outpace demand this year, leading to lower prices (for everything except distillate) and slimmer profit margins for retailers, according to a recent Detroit Free Press analysis.
CHANGING HANDS: Stash Ventures has reportedly acquired 11 pot shops that were formerly owned by Cloud Cannabis—including dispensaries in Ann Arbor, Cedar Springs, Detroit, Gaylord, Grand Rapids, Kalamazoo, Muskegon, New Baltimore, Traverse City, and Utica. All of them will still operate under the Cloud Cannabis name.
WHATCHA GONNA DO: Cops are looking for four masked men who reportedly broke into an Aim High Meds dispensary in Calhoun County at about 5:30 a.m. on Feb. 19. Authorities said the suspects were last seen driving north on I-69 in a red Kia SUV.
WHEN THEY COME FOR YOU: Michigan State Police reportedly seized 29 lbs. of weed during a search this month at a home in Lenawee County. Detectives also seized 16 guns, 12 ounces of cocaine, and a significant amount of both LSD and psilocybin.
HELP FOR HOOSIERS: A new pot shop—the California Michigan Cannabis Cannabis Company—opened this week just north of the Indiana state line in California Township. The owners reportedly expect to sell most of their weed to out-of-state customers.
RAPID CHANGES: Misty Mountain Cannabis reportedly plans to open a new pot shop at the building that was formerly owned by Rair Cannabis Company in Big Rapids. Meanwhile, Lake Life Farms has also officially closed its only Big Rapids location.
NEW HABITS: A recent study found that more older Americans—specifically those over the age of 50—are using cannabis today than before the COVID-19 pandemic. All told, researchers estimate that about 1 in 8 older Americans are currently using cannabis.
READ MORE: Doobies for Newbies: A dank directory of cannabis knowledge for Michigan stoners
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