Michigan agency predicts $700M medical marijuana market

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A Michigan Senate agency forecasts that the state’s medical marijuana market could exceed $711 million annually if the prices and consumer habits are similar to those in Colorado’s medical marijuana market.

The Michigan Senate Fiscal Agency, a nonpartisan group created to provide legislative analysis and fiscal forecasts to the state senate, estimates there are 204,000 patients in the state, Crain’s Detroit Business reported.

In September, Michigan lawmakers approved a set of sweeping regulations for the state’s sizable medical marijuana industry, paving the way for a statewide oversight and licensing system for MMJ businesses.

Under new regulations that go

Michigan agency predicts $700M medical marijuana market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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