Midiguitar 2 and Mac M1

Havard, it looks like you don’t have the MG AU installed - did you put it in the folder as described here: jamorigin.com/daw?
Maybe you have the pre-catalina version. Make sure you have the Catalina (and later) version and its in the AU folder: jamorigin.com/download

After putting it there, you may have to restart the machine for Logic to find it.