In this episode (14) we discuss the state of Michigan and the relationship with cannabis. Since we are speaking about Michigan we felt it proper to have a Michigander on with us. We didn't just get any Michigander, no way!
Our esteemed guest, Negash Bezaleel brings over a decade plus of successful cultivation experience within the cannabis industry and blesses the pod with his great insight and vast knowledge.
The state of Michigan became the first midwestern state to allow both medical and adult-use marijuana use in 2018. We discuss the legal aspects, regulations, and the impacts within the state. Were you aware that cannabis is the #3 cash crop in the state of Michigan, only behind corn and soybeans?! Sales wise, legal marijuana accounted for approximately $266 million in tax revenue during the most recent fiscal year.
Next, we discuss the cost of cannabis flower in 2023. While average prices per ounce have declined in some markets, there are some markets that remain relatively high. Did you know that Michigan's market experienced a 78% decline on price per ounce ($419 to now $92 per ounce)?? We converse about the many factors that can attribute to declining prices in a market.
Lastly, we close with a review/discussion of things from the supply and demand aspect side for the state of Michigan. How does a 2175% increase of sales sound? The "Green Rush" is real and quite lucrative!
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Grinch Brother's Podcast
A cannabis connoisseur’s club designed to edify the masses; filled with candid, comedic conversations and adventures encompassing all things cannabis. Please place all electronics on airplane mode as we prepare for take off! Thank you for choosing Grinch Brothers for your "air" traveling needs. We appreciate you! Yes...You!
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1 years ago
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