Michigan’s cannabis industry in 2024

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Michigan’s cannabis industry in 2024

Michigan is home to the second largest cannabis market in the country, as the industry sold $3 billion in both recreational and medical marijuana in 2023.

However, cannabis companies struggled last year. One prominent company, Green Peak Industries (which operates under the brand name Skymint), entered receivership in March.

As our state enters its fifth year of legal recreational marijuana sales, expect more of the same, cannabis industry insiders say. Here are a few predictions for the Michigan cannabis industry in 2024.

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