With adult-use marijuana prices plunging, Michigan’s largest lobbying organization for the state’s MJ industry is asking lawmakers to stop issuing new cannabis business licenses.
The Michigan Cannabis Industry Association said the lack of a cap on business licenses has led to too many retail shops in some communities as some neighboring municipalities impose outright bans on marijuana businesses, according to MLive.com.
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The organization also cited heavy illicit-market competition as a reason for price compression in Michigan’s recreational marijuana market.
“It’s because people are continuing to bring in illicit product – conversion oil and other products – into the regulated market,” Robin Schneider, director of the organization, told MLive.com.
“You really have to start to look at: If we can’t get this under control,
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