KALAMAZOO, Mich. — Drive down the streets of cities like Kalamazoo or Battle Creek and it looks like the Michigan cannabis industry is thriving.
But many in the business say the market is oversaturated, the prices are unsustainable, and the margins are too tight to withstand high taxes.
Meanwhile, Michigan lawmakers have signed off on a record-breaking budget to fund the state’s notoriously bad roads, with $420 million collected annually through the a new 24% wholesale excise tax on recreational marijuana…