Marijuana Market Faces New Tax
Michigan’s cannabis market is kicking off the new year under pressure. For the first time since recreational sales began six years ago, marijuana sales slipped 3% last year to just over $3 billion. Now, a new 24% wholesale tax—meant to fund road projects—is hitting dispensaries hard. Industry leaders warn higher prices and job cuts could follow, as many companies say they can’t afford to absorb the cost. Lawsuits challenging the tax are moving forward, but for now, businesses and customers are bracing for more expensive weed.
Reporting for WGRT – JP bZet






