Michigan recreational marijuana market set for Dec. 1 launch

Michigan's adult-use cannabis program is expected to kick off Dec. 1 with about a dozen stores initially, setting into motion a market projected by Marijuana Business Daily to reach $1.4 billion to $1.7 billion in sales a year at maturity. But in a move praised by the cannabis industry, state regulators last week accelerated that timetable with a decision to allow medical marijuana operators to transfer up to half of their inventory to equivalent adult-use facilities. One vertically integrated...