{"id":79062,"date":"2024-11-19T04:55:58","date_gmt":"2024-11-19T12:55:58","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/11\/19\/michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent\/"},"modified":"2024-11-19T05:45:24","modified_gmt":"2024-11-19T13:45:24","slug":"michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/11\/19\/michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent\/","title":{"rendered":"Michigan cannabis prices hit another record low, but industry believes turnaround imminent"},"content":{"rendered":"<p> <span class=\"field field--name-title field--type-string field--label-hidden\">Michigan cannabis prices hit another record low, but industry believes turnaround imminent<\/span><\/p>\n<figure class=\"field field--name-field-image-media field--type-entity-reference field--label-hidden field__items\">\n<div class=\"media-image view-mode-teaser-landscape\">\n<figure class=\"field field--name-field-media-image field--type-image field--label-visually_hidden field__items\">\n<div class=\"field__label visually-hidden\">Image<\/div>\n<p>              <img src=\"https:\/\/cannabiscultivatornews.com\/home\/wp-content\/uploads\/2024\/11\/An20image20of20Michigans20cannabis20market20showing20a20significant20drop20in20prices20due20to20product20oversupply20and20illicit20market20infiltration.jpe\" width=\"500\" height=\"300\" alt=\"Michigan cannabis prices hit another record low, but industry believes turnaround imminent\" loading=\"lazy\" class=\"img-fluid\" \/><\/p>\n<\/figure>\n<\/div>\n<\/figure>\n<p><span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/420intel.com\/users\/cannabis-news\" class=\"username\">Cannabis News<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">November 19, 2024<br \/>\n<\/span>\n    <\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__items\">\n<p>The price compression is largely attributed to product oversupply, but the illicit markets also plays a role. Michigan marijuana prices dropped another 6% in October, setting yet another record low and putting more pressure in the already strained cannabis operators in the state. But has the state<\/p>\n<\/p><\/div>\n<ul class=\"display-list inline-list field field--name-field-tags field--type-entity-reference field--label-hidden field__items\">\n<li class=\"field__item\">\n        <a href=\"https:\/\/420intel.com\/articles\/marijuana-business-news\">Marijuana Business News<\/a>\n            <\/li>\n<\/ul>\n<div class=\"field field--name-field-source field--type-link field--label-hidden field__items\">\n<div class=\"field__item\">\n        <a href=\"https:\/\/www.greenmarketreport.com\/michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent\/\">by GMR<\/a>\n            <\/div>\n<\/p><\/div>\n<p>&#013;<br \/>\n&#013;<br \/>\nRead More: <a href=\"https:\/\/420intel.com\/articles\/2024\/11\/19\/michigan-cannabis-prices-hit-another-record-low-industry-believes-turnaround\" target=\"_blank\" rel=\"noopener\">Michigan cannabis prices hit another record low, but industry believes turnaround imminent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michigan cannabis prices hit another record low, but industry believes turnaround imminent Image Cannabis News November 19, 2024 The price compression is largely attributed to product oversupply, but the illicit markets also plays a role. Michigan marijuana prices dropped another 6% in October, setting yet another record low and putting<span class=\"more-link\"><a href=\"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/11\/19\/michigan-cannabis-prices-hit-another-record-low-but-industry-believes-turnaround-imminent\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":535,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/79062"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=79062"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/79062\/revisions"}],"predecessor-version":[{"id":79063,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/79062\/revisions\/79063"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=79062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=79062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=79062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}