The Michigan Cannabis Market Stability Coalition (MCMSC) was created out of necessity. The Cannabis Industry around the county has been incredibly volatile since Colorado became the first state to move into a legalized market. While the State of Michigan initiated a program with the advantage of having learned from some previously operational States, the market has quickly and continuously evolved at a rate faster than the institution can keep up with. The speed of the market has dramatically outpaced the legal and regulatory framework. This has resulted in continued influx of bad actors, utilizing unethical and predatory business practices that ultimately hurt the good actors and leave the industry more volatile that it started.

The stabilization of the market is not to the benefit of a single company, or single license type. By creating stability, the operators will have a better view of their growth trajectory, better budgeting experience and a greater chance at obtaining lower rate investment. Further, as banking regulations ease, it will become easier to work with the financial institutions in a manner that is more expected of other industries. This ultimately puts the power of the industry back into the hands of the operators. Opening up credit lines, expansion opportunities, mergers, acquisitions and possible chances to move into the publicly traded marketplace (should the opportunity arise).

The MCMSC is a group of licensed businesses in Michigan’s legal marijuana industry that are focused on creating a balanced and sustainable market for the future. The MCMSC was formed to educate policymakers and regulators on the issues that pose the biggest threat to this future and to promote new public policy solutions. There are many threats to the future of the Michigan market, but the MCMSC is intentionally designed to focus on the one our members believe is the most important: that businesses collect on any outstanding debts they are owed.

The MCMSC will utilize the direction of its members to determine the most immediate needs to adapt the current regulations in order to stabilize the marketplace. Michigan has both regulations by statute, and regulations by rule. These regulations set the playing field for the marketplace and are only as good as the known issues it faces. As markets evolve, both sets of regulations need to be amended to provide the operators a level playing field, and reduces the opportunity for bad actors to manipulate the market for their sole benefit.

Join today and help us move the industry in the proper direction, expand, and ultimately make every participant more successful!