Even optimistic Robin Schneider, director of Michigan Cannabis Industry Association trade and lobbyist organization, has a tempered outlook.

“There are a number of grows that are slated for closure — I can’t disclose which ones,” she said. “I’m anticipating there will be several more closures in the coming months, and we are seeing a high number of layoffs within facilities that are staying open, as well.

“I’m hearing that they cannot sell the product that they have for what it costs to produce it, so everyone’s taking a loss right now.”

Schneider said she’s aware of at least three grows that are winding down operations and “struggling to get out from underneath” facilities and property that “is not worth what they owe on them.”

And since marijuana remains illegal under federal law, financial safety nets, like bankruptcy, aren’t available to them.

“There are people that are losing everything,” Schneider said.

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