KALAMAZOO, MI (WKZO AM/FM) – After some in the industry predicted 2025 could be a watershed year for legalized marijuana retailers in Michigan, a cannabis company has announced it is closing its 20 Michigan dispensaries and all four of its cultivation and processing facilities in the state.
TerrAscend Corp. announced that it would lay off 236 employees, closing all operations in the state. That includes Gage stores in Kalamazoo, Lansing, and Battle Creek, and Cookies dispensary in Kalamazoo.
The company is also closing two cultivation and processing facilities in Harrison Township and one each in Bay City and Warren.
Jason Wild, the company’s executive chairman said in a statement, “Michigan is an extremely difficult market and we have come to the realization that our resources can be better utilized in our other markets.” “
The company will continue to operate in New Jersey, Maryland, Pennsylvania, and Ohio.
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