For the next three months, customers in Michigan’s marijuana market could see higher prices—and fewer supplies.
That’s a potential byproduct of new rules governing the state’s weed supply that took effect on Sunday. The rules, issued by the Michigan Marijuana Regulatory Agency, require that all growers and processors “only transfer marijuana flower that has been tested in full compliance with the law and administrative rules,” and that they “must tag or package all inventory that has been identified in the statewide monitoring system and must transfer marijuana flower by means of a secured transporter, except where exempted” under the Medical Marihuana Licensing Board (MMLB). Additionally, growers and processors who obtain marijuana flower from primary caregivers “must enter all inventory into the statewide monitoring system immediately upon receipt.”
The Implications of The New Order
What does that mean exactly? As the Detroit Free Press put it, the idea is to “phase out products grown and processed by caregivers, who have been cultivating weed since Michigan voters approved marijuana for medical use in 2008.”
“And that’s going to put a crucial crimp in Michigan’s supply of weed.