Wholesale prices for medical cannabis plummeted in Michigan after a change in regulations that prevents caregivers from selling into the recreational market caused them to offload large amounts of flower.
Several cannabis industry experts say that, before the change in the law, wholesale pounds of medical marijuana flower were selling for around $4,000 a pound.
But that price fell to $1,800-$2,200 a pound in the past few weeks, which will negatively affect any grower that’s selling into the medical market.
The state’s Marijuana Regulatory Agency issued a bulletin earlier this month mandating that caregiver-produced or -derived product could not be sold into the adult-use market effective April 8.
To read more, click on https://mjbizdaily.com/michigan-wholesale-medical-marijuana-prices-fall-caregiver-product/