The long-predicted price drop, thanks to increased supply as more and more growers come on line, is likely smashing the margins of many in the industry.
Lume opened its 31st retail outlet in Michigan last month with plans to open 13 more this year alone.
House of Representatives last week passed a bill to decriminalize marijuana federally, but it’s unlikely to gain much traction in the U.S.
Its investors — who include Bob and Don Barnes, co-owners of Belle Tire, and Dave Morrow, founder of Warrior Sports — continue to fund the expansion.
The building has a negative pressure isolation lab to contain any diseased plants, an analytical testing lab to develop new strains and a tissue culture lab to clone plant genetics.
In its processing area of the facility, 40,000 pre-rolled joints are packed daily and a machine packages an eighth of an ounce of marijuana every two seconds when in use.