6 Quick Hits of Cannabis News From Across 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 six things you need to know this week.

Kyle Kaminski

August 22, 2023

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 six things you need to know this week:

GROWING THE ECONOMY: Another month of record-breaking cannabis sales in Michigan—$276 million in July—now puts the industry on pace to sell more than $3.3 billion worth of weed over the next year, surpassing estimates perceived as ambitious back in 2020.

RACE TO THE BOTTOM: Despite record sales, many dispensaries across Michigan are still reportedly struggling to churn a profit—with some insiders calling it a “race to the bottom” as prices continue to decline and more cannabis cultivation operations continue to go online.

ALL FUN AND GAMES: While Michigan’s recreational pot industry expands, the medical side of the market is wilting. Medical sales are now reportedly down by 71% over the last year to just $6 million last month—marking the lowest sales since medical weed was first legalized in 2008.

MICHIGAN ANNIVERSARY: Stiiizy is celebrating its one-year anniversary in Michigan on Saturday, Aug. 26, at its first dispensary in Ferndale, 624 E. Nine Mile Rd. Stop by anytime from 10 a.m. to 2 p.m. for a chance to win prizes, get some free food, and score some big discounts.

GOOD CHARLOTTE: The city of Charlotte advanced plans this week to eventually allow pot shops to open within the city limits. The City Council recently voted on a series of new district maps where dispensaries would be allowed, and again heard from the public on Monday.

CANNABIS COMEDY: A free outdoor comedy show this weekend in Muskegon is set to offer guests a chance to smoke weed while laughing it up to four different comedians. The “Canna-Comedy Bash” begins at 6 p.m. on Saturday, Aug. 26, at The Bowl, next to IndiGrow.

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