(UPDATE 6:35 p.m.)– Whether you’re a medical patient or a recreational user, getting your marijuana will cost you more in Michigan than it will in most other states.
A new study from LeafLink found Michigan dispensaries pay more on average for their supply. That cost is ultimately passed on to the customer.
Thomas James owns HomeGrown Cannabis Company in Lansing, which is set to start selling recreational marijuana on Friday. He says it all comes down to supply and demand.
“We’re seeing a quick transition from a black or gray market to a legal market,” James says. “And in doing so, there hasn’t been the product accessible as easily as we’d hoped originally.”
Michigan was the most expensive for edibles of the ten states in the study. The state was also the second highest for concentrates and third highest for flower, all products that James says are very popular with medical and recreational buyers.
Growing facilities in Michigan are trying to keep up with that demand, but James says those suppliers have the added pressure of meeting state standards.
“[It] is a good thing for the consumer, but it takes a little more nuance for the growers and processors to get through those tests.”
Some dispensaries will eventually grow their own supply, making it cheaper for everyone involved.
“We can control the costs a bit easier that way and get a better price point for our consumer,” James says. “Right now we’re kind of at the mercy of our wholesalers and whatever the wholesale price is out there.”
But for now, the price to get high will stay high.
James also says geography plays a big part in this. The states with lower costs tend to have better weather and can produce more marijuana for a lower price.
LANSING, Mich. (WLNS)– A new study ranks Michigan as one of the most expensive states for buying legal marijuana.
The study, which was conducted by LeafLink, found Michigan to have the highest wholesale prices for marijuana products compared to nine other states where marijuana has been legalized. Michigan had the highest wholesale prices for edibles and ingestibles, and second-highest prices for concentrate.
6 News reporter Ashley Graham spoke with the owner of a Lansing dispensary about the challenges of buying wholesale, and how Michigan compares to other states.
We will have more information tonight on 6 News at 6.