On Aug. 19, the Cannabis Regulatory Agency announced it would convene a public hearing Sept. 14 to ask: “Would you support a change in the law to place a moratorium on the issuance grow licenses?” Michigan is an unlimited license state and is currently undergoing a price meltdown, as wholesale flower prices are dropping below $1,000 per pound.
In October, even more cannabis will flood the market. The Four20 Post Live team explored this issue, and what the Michigan cannabis market may look like by year’s end, in the Aug. 24 edition.
