![]() ![]() Lynch said Green Stem routinely gets calls from business brokers who are looking for opportunities to buy, sell or form strategic partnerships. And such deals are likely to become common as businesses look ahead at the competitive environment. That might have been what prompted Common Citizen, which operates a 70-acre greenhouse in Marshall, Mich., to recently enter into a partnership with Cannavista in Buchanan. That’s a lot of volume for the market to absorb and could result in near-term mergers and acquisitions within the state’s cannabis industry as those who are solely focused on growing and processing look for guaranteed shelf space inside dispensaries. “Today, we’re approaching 1,000 growers.” “When we opened about two years ago, there were probably 100 or 120 growers in Michigan,” said George Lynch, CEO of Green Stem Provisioning in Niles. ![]() More: Two pro-pot activists died 20 years ago in a siege. Since recreational marijuana became legal in the state at the end of 2018, growers and processors have become more consistent and efficient at producing cannabis products and even distribution channels have become more streamlined, Paniagua explained.Īccording to the Michigan Marijuana Regulatory Agency, the price for an ounce of marijuana has dropped about 40% from $252 an ounce in January 2021 to $152 an ounce in January this year.Īnd barring any unforeseen problems, there’s little chance that prices will reverse course anytime soon as more grow facilities, processors and dispensaries are opening each month across the state. “Major manufacturers are coming into the market and bringing a production scale that supports lower prices.” “Prices have been dropping since day one and they continue to drop,” said Rick Paniagua, founder and CEO of Cannavista Wellness in Buchanan. More: Overdoses in Elkhart spark worries, warnings about marijuana laced with fentanyl In fact, sales have been steadily increasing as new consumers are drawn to the state’s dispensaries, which have been adding a wider assortment of products. While consumers have become accustomed to paying more for everything from gasoline to groceries over the past year, the cost for most cannabis-related products in Michigan has been steadily declining.Īnd it’s not like demand for cannabis is declining. He estimated the business lost 800 customers over the two-day shutdown.Watch Video: Recreational marijuana in Michigan: What you need to know Gillian Conrad, spokeswoman for the Berrien County Health Department, said there have been a lot of “great examples of businesses stepping up to be transparent and provide their staff and customers with protection and peace of mind.”Ĭonrad said the Health Department provides guidance, but ultimately it’s up to businesses on how to implement the safety guidelines.įor Lynch, it’s about protecting customers - many of whom are considered vulnerable - as well as employees, many of whom are his friends and family members. Pens are either sanitized or simply given to customers. Interactions take place via a basket, which is sanitized after each transaction. ![]() Instead, it’s been offering curbside service in its large parking lot where customers place orders online or with a disposable menu. 11th St., was open only a few weeks before the coronavirus pandemic forced it to shut its doors. “We’re trying to be open and honest because this is a pandemic.” “I’m sure there are lots of other retailers who have had an employee test positive,” Lynch said. The company also took the step of posting the information on its website and sending a text message to about 2,000 customers enrolled in its loyalty program. Because all employees are masked, gloved and maintain social distancing, it’s doubtful other employees have contracted the virus, but they’re being encouraged to get tested anyway, Lynch said. The man believes he caught the virus from a good friend, and is at home self-quarantining. He was immediately sent home and told to get tested. Lynch said the employee - a 25-year-old male - came to work May 20 complaining that he wasn’t feeling well. The business could have reopened Tuesday, but George Lynch, CEO of the family-owned business, thought it would be best to take another day to do some more cleaning and some additional projects. The business decided to close shortly after learning about the positive test for the virus so the staff could turn its attention to sanitizing the interior of the building, which has been closed to the public since around mid-March. Memorial Day but will be reopening for normal hours Wednesday after an employee tested positive for the coronavirus. ![]() NILES - Green Stem Provisioning shut down temporarily about 11:45 a.m. ![]()
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