Greedy weed dealer kingpins in Michigan and Ohio going down the rabbit hole
A proposed Ohio Senate bill would see the current marijuana law in the state essentially replaced with measures that would see a tax hike, changes to the licenses, and more.
Senate Bill 56, proposed by Senator Stephen Huffman, would increase the current tax amount from 10% to 15%, with all of the revenue going to the Ohio general revenue fund. That would eliminate the portions of the current tax that go towards municipal corporations or townships.
The THC percentage would also change. Currently, cannabis THC is set at no less than 35% for plant material and 90% for extracts. The bill would change that to 35% for plant material and 70% for extracts.
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Michigan marijuana faces ‘year of reckoning’ in 2025
For the first time in history, the Michigan marijuana industry has experienced a decline in jobs over a three-month span.
Prices dropped to an unprecedented low in January, revenue reached a year-long low point, investment remains tight, and business growth has slowed to an almost standstill.
Announcements of multi-million-dollar expansions have given way to press releases apologizing for closures.
Has Michigan’s once-sparkly marijuana market lost its luster?
Some businesses and workers think so, but customers continue to reap the benefits in a “race-to-the-bottom” market flooded with options and once unimaginably low prices.
Connoisseurs feel quality has suffered. Producers seem laser-focused on quantity — and potency — over quality. But that didn’t deter marijuana customers, who spent $3.2 billion in 2024. Despite increased consumption, margins are shrinking, putting the jobs of Michigan’s nearly 38,000 marijuana employees at risk.
As always… Follow the money. If you can.
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