Michigan Cannabis Retailer Closing 5 Dispensaries, Citing New Tax Burden

Mon, Aug 10

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Consumer demand for regulated cannabis products remains near an all-time high in Michigan, but low prices and high taxes mean more licensed businesses are closing or consolidating their operations, including one company shutting down 5 dispensaries. https://t.co/7AUqL8wxrp

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Higher Love Cannabis Co. is consolidating its retail operations to four stores in the Upper Peninsula after the state implemented a new 24% tax earlier this year.

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