By Lindsay Moore, MLive on June 26, 2023
Marijuana licenses could be in jeopardy if bills go unpaid.
Although Michigan’s marijuana market surpassed $2 billion in profits last year, price volatility has continued to loom like a dark cloud.
The recreational flower price per ounce was $90.64 in May, slowly inching up month-over-month but far from the $221.21 price point just two years ago.
This is one of many contributing factors leaving growers and processors shorted by retailers who are slow to fulfill their end of the deal.
– Read the entire article at MLive.