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Ever since Michigan voters approved the sale of recreational cannabis seven years ago, residents have been clambering to get it.
Michigan just recently surpassed $10 billion in sales since recreational marijuana was legalized, and businesses have capitalized on the demand. The number of pot retailers grew from six back in November 2019 to over 850 today, according to the Cannabis Regulatory Agency.
But the price of cannabis has gone down, making it difficult for businesses to turn a profit.
Adrienne Roberts covers Michigan’s cannabis industry, as well as jobs and unemployment for the Detroit Free Press. She joined The Metro on Tuesday to talk about Michigan’s cannabis industry and what it means for the state’s economy.
Use the media player above to hear the full conversation.
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