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Marijuana Retail Report

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Marijuana Retail Report



Michigan and Alaska are looking

Michigan’s cannabis industry is uniting for a push to repeal the recently introduced wholesale tax of 24%.

Unprecedented tax hike passed during state budget negotiations in October and implemented on January 1 legal sale has already crashed in Michigan, state data show.

Marijuana retailers reported a 16% drop in business last month, and many operators are struggling to stay afloat, Robin Schneider, director of the Michigan Hemp Association, told business publication Moody on the Market.

“It’s too bad,” Schneider said. “We’re already seeing facility closures.”

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