Michigan medical marijuana market shrinks, uncertainty lingers under new system

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By Jeff Smith Michigan medical marijuana regulators are trying to chop the state’s current industry in half, two months ahead of the transition to a new, tighter regulatory system. The market contraction is a boon to dispensaries that remain in business – they stand to see a boost in sales – but it has sparked legal challenges by some of the businesses whose applications have been denied. Even the facilities that remain in operation have only temporary licenses: They need state regulators to approve their permanent licenses by June 15, when the new framework is scheduled to be in place. Some worry the process is going too slowly, that the market won’t be firmed up by the mid-June deadline and that Michigan’s 277,000 registered MMJ patients will be left with  inadequate access to supplies. Existing medical marijuana businesses had until Feb. 15 to apply to the state for a license under the new regulatory regime. Michigan medical marijuana market shrinks, uncertainty lingers under new system

thumbnail courtesy of mjbizdaily.com

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