Michigan's $3 billion recreational marijuana market is on the verge of a shake-up.

A new 24% wholesale tax is set to take effect next year.

Proposed legislation to cap licenses and crack down on intoxicating hemp products is being debated in a state Senate committee.

Michigan’s $3 billion recreational marijuana market — one of the nation’s largest — is on the verge of its biggest shake-up yet.

A new 24% wholesale tax set to take effect next year , along with proposals at the state level to cap licenses, temporarily stop a marijuana business from operating if public health is at risk and crack down on intoxicating hemp products, could upend an industry defined by low taxes and open competition.

The measures aren’t final — the tax faces a court challenge and the legislation is still

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