michigan cannabis industry association | Michigan Radio
WUOMFM

michigan cannabis industry association

steve carmody / Michigan Radio

Recreational marijuana sales in Michigan are a step closer to reality.

Wednesday, Michigan’s Marijuana Regulatory Agency released emergency regulations for businesses planning on entering the recreational marijuana retail marketplace. 

The regulations establish temporary rules governing Michigan’s recreational market, which is expected to be worth billions of dollars.   

steve carmody / Michigan Radio

Congress is considering legislation that would allow Michigan banks to work with marijuana businesses.

Federal law currently prohibits banks and credit unions from handling money for cannabis businesses.

steve carmody / Michigan Radio

Michigan’s medical marijuana businesses are once again facing a deadline to get a state license or be forced to close their doors.

State regulators are proposing Michigan’s Medical Marihuana Licensing Board give businesses until the end of this month to get their license to operate.   

Steve Carmody / Michigan Radio

A company angling to be Michigan’s largest cannabis business harvested its first crop this week.

At Green Peak Innovations' south Lansing grow operation, hair-net wearing workers are spending this week harvesting 600 to 800 pounds of marijuana.

“We are bringing a tremendous amount of production to the market. And some of it's ready to go to the market in the next couple of weeks,” says CEO Jeff Radway.   

Radway says 50% of Michigan’s medical marijuana dispensaries have committed to carrying Green Peak’s Skymint brand. The company is also planning on opening 19 retail stores.  

Steve Carmody / Michigan Radio

The state of Michigan may soon allow closed medical marijuana dispensaries without a license to reopen.

More than half the state’s medical marijuana dispensaries were forced to close earlier this month because of licensing issues. The result of the closures has been a shortage of medical marijuana products.   Even licensed dispensaries have had problems stocking enough products to meet demand.