Gage Cannabis Bails on Michigan: 20 Dispensaries to Close

Well, here we go again. The next time you head to a Gage in Michigan for your Friday-night gummy fix, you might find a "Closed" sign instead of a helpful budtender. Gage Cannabis, operated by corporate cannabis overlord TerrAscend Corp., has decided to pack its bowl and leave Michigan altogether.

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In a move Detroit Metro Times describes as "cutting their losses," Gage is closing 20 dispensaries and four grow facilities scattered across the Mitten State. That's a lot of grow lights going dark in places like Lansing, Grand Rapids, Ferndale, Kalamazoo, Traverse City, and pretty much everywhere you ever thought you could score a legal joint.

Why TerrAscend Is Leaving Michigan

In a statement that reads more like a corporate breakup letter than a farewell to pot smokers, TerrAscends's Executive Chairman Jason Wild basically said, "It's not you, it's us. Also, Michigan's economy stinks for weed right now."

Where TerrAscend Is Reinvesting

Apparently, their money tree is sprouting better buds in states like New Jersey, Pennsylvania, Maryland, and Ohio, so they've decided to ghost Michigan in a hazy cloud of smoke.

Impact on Jobs and Local Cannabis Market

And yeah, if you're wondering, HereNorthville reports that about 250 people will be out of a job thanks to the company's exodus. The retail closures are slated to roll out between now and September 2025, with store hours getting slashed before eventually turning off the grow lights for good.RELATED: Pot Tourism: Michigan Cities With the Most 420-Friendly Stays

RELATED: Michigan's First Lifetime Ban In Cannabis Industry Explained

After that, TerrAscend will pawn off its leftover Michigan assets to pay down a mountain of debt. The exact number isn't clear, but in 2024, they were in the hole for around $183 million.

So light one up for Gage on its way out — the Michigan cannabis market has lost a heavy hitter, but that just means more billboard space for those that stick around.