Marijuana prices down, demand surging across state – News – Ionia Sentinel – Standard-Ionia, MI

by Newsfeed

GRAND RAPIDS — With recreational marijuana introduced locally, the industry is becoming more of an influence in the state’s economy reports WOOD-TV 8.

The state’s Marijuana Regulatory Agency shows that prices are falling, while sales are on the rise.

The industry is broken up into two sections: medical and recreational. Medical is more restrictive and requires a special license, but recreational can be sold to anyone over 21.

“The medical market is a lot cheaper than the recreational market,” said Dean St. Peter, co-founder of ArCanna, a cannabis shop in Ionia.

“There’s a lot less taxation too. There’s an additional 10 percent excise tax on recreational cannabis that…

Read Full Article Here