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Representation of cannabis stores closing in Michigan
Michigan Business News

TerrAscend to Exit Michigan Marijuana Market by 2025

News Summary TerrAscend Corp announced its complete withdrawal from the Michigan marijuana market by the end of 2025, closing 20 retail locations and a cultivation center, resulting in around 250 job losses. The decision comes amid declining profit margins and an oversupplied market. The closures will also affect well-known cannabis

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July 7, 2025 8:50 am
Empty cannabis dispensaries in Michigan symbolizing business closures
Michigan Business News

TerrAscend to Close Marijuana Operations in Michigan by 2025

News Summary TerrAscend Corp. plans to shut down its marijuana operations in Michigan by September 2025, affecting around 20 dispensaries and 250 employees. The company cites tough market conditions, including declining sales and increased competition, as reasons for the closure. The move marks the end of TerrAscend’s significant presence in

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July 6, 2025 8:50 am

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