Don’t expect Michigan’s burgeoning cannabis sector to be a repeat of the state’s booming craft beer business.
While some have drawn comparisons between the two industries, there will be some distinct differences. The beer business was home-grown and entrepreneur-driven as it grew over two decades into a formidable economic contributor to the state. The incremental changes and growth created ripples throughout the state’s economy, generating new opportunities for firms that make equipment, grow hops and distribute beer.
The cannabis business, by contrast, appears to be heading in a more corporate direction with established companies and investors from outside the Mitten parachuting in with plans to scale the industry over the next couple of years. As the cannabis business blows up, expect waves, not ripples, of impact around the state.
To figure out where some of those waves will land, we dispatched our reporting team to find out how cannabis will affect the industries and companies they cover. The resulting stories chronicle the many challenges, opportunities and risks on the horizon as Michigan becomes the first state in the Midwest to fully embrace cannabis.
Articles broken down by sector:
- HIGHER ED: Michigan colleges prepare students for influx of cannabis careers
- REAL ESTATE & DEVELOPMENT: Developers see opportunities with incoming marijuana companies
- ENERGY: Environmental groups and utilities brace for energy-intensive cannabis operations
- BANKING: Banks and credit unions wait for federal law to become more cannabis-friendly
- HEALTH CARE: Medical groups work to keep public informed of marijuana’s effect on health
- HR/TALENT: Local companies largely retain drug testing policies after cannabis legalization
- INVESTING: Risks, rewards, barriers-to-entry elevated for Michigan cannabis investors
- INDIAN COUNTRY: Tribes grapple with how to approach cannabis economically, legally
- LOCAL GOVERNMENT: Many communities opt out of medical marijuana business, for now
- LAW ENFORCEMENT: Police weigh options in cracking down on black market marijuana