Michigan's new marijuana tax looms as prices hit record lows and city roads benefit from tax revenue
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Michigan's new marijuana tax looms as prices hit record lows and city r…
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MSNWZZM-TV Grand Rapids-Kalamazoo-Battle Creek
Michigan's new marijuana tax looms as prices hit record lows and city roads benefit from tax revenue
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The price is too dang low! The Oregon cannabis industry is experiencing historically low retail prices due to record-high production and stagnant demand, leading to oversupply. This oversupply is hitting many cannabis businesses, which saw big sales in 2020 and has since declined in sales numbers to below $1 billion annually. Read more about the cannabis industry here https://www.opb.org/article/2026/01/06/cannabis-demand-remains-steady-production-hits-record-lowering-prices/ 📹 by Eli Imadali/O
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