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in /michigan 11 days ago

Michigan’s cannabis market hits first annual decline as market shows deeper problems - Detroit Metro Times

Michigan’s cannabis market hits first annual decline as market shows deeper problems - Detroit Metro Times - Featured Image

Michigan’s cannabis market hits first annual decline as market shows deeper problems - Detroit Metro Times

www.metrotimes.com - faviconmetrotimes.com
TLDR

For the first time since recreational cannabis sales began in Michigan in December 2019, the state's legal market saw its first decline in annual sales in 2025, according to new figures released by the Michigan Cannabis Regulatory Agency. The downturn comes as dispensaries, growers, and processors across the state continue to struggle with a surplus of product and a steep decline in prices. In late 2025, Gov. Gretchen Whitmer and the Legislature approved a 24% wholesale tax on the struggling industry to pay for road repairs. Cannabis businesses are worried this year will be even worse.

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