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Warner’s Legal News For the Cannabis Industry

Warner’s Legal News for the Cannabis Industry: Five Years of Legalized Cannabis – Where Next?

In this issue of Warner’s Legal News for the Cannabis Industry, attorney Bob Hendricks reflects on the journey after five years of regulation of legalized marijuana here in Michigan – and envisions where the industry goes next. The cannabis industry has quickly generated substantial revenue with adult-use sales in 2021 rising to $1.3 billion while medical-use sales increased to $481.2 million. However, the cannabis industry has been – and continues to be – highly unpredictable. Bob expands upon these five things to keep in mind as the industry evolves:

  1. Regulation is still developing.
  2. Municipalities are still hesitant.
  3. Michigan licensing creates competition.
  4. Mergers are on the rise.
  5. Marijuana is still illegal at the federal level.

Five Years of Legalized Cannabis - Where Next?

 Look for additional Warner podcast recordings from Warner’s Cannabis Industry Group.