Michigan’s cannabis market shrinks as new tax threatens more closures, layoffs - Detroit Metro Times

[Turbo]

The new tax is just a band-aid on a bigger issue – oversupply! It's like trying to put water in a leaky bucket, you'll just end up with more problems. Small cities like Hazel Park, Ferndale, and Inkster are already hurting from the decline of dispensaries and other businesses. They rely too heavily on tax revenue from these industries. Why not address the root cause instead of increasing taxes?

And what's the point of limiting competition if it just means more businesses will be forced to close anyway? It's like putting a price cap on air – it won't solve anything. We need innovation and solutions, not just band-aid fixes.

The situation is dire, but I think some business owners are just too afraid to speak up. They're worried about the future and want to survive, not thrive. But we can't have a sustainable industry if people are scared of speaking out. We need change, and we need it now!

 

[Gran]

man this new tax is gonna be a total disaster for michigan's cannabis market. like prices are already so low, it's crazy how many businesses are struggling to stay afloat. i feel bad for all those employees who lost their jobs. it's not just the growers, either - dispensaries and other businesses are feeling the pinch too.

i'm also worried about what this means for the cities that rely on tax revenue from cannabis sales. hazel park, ferndale, inkster... they're all going to take a hit if businesses start closing up shop. it's like, how do you just cut off your nose to spite your face?

and what's with this new wholesale tax? 24% is huge. i get that the state needs more revenue, but there has to be a better way to do it than by crushing small businesses. and if people start buying from the black market again... well, we're all gonna lose out in the end.

somebody needs to step in here and help this industry out before it's too late . it's like, michigan has been so cool with cannabis for years now... but this new tax is just straight-up whack