Michigan’s adult-use cannabis operators concluded 2024 with yet another record-breaking mark for retail sales, but the nation’s second-largest market is finally showing signs of maturity.

The state’s licensed retailers recorded $3.27 billion in adult-use cannabis sales last year, eclipsing the $3-billion mark for the first time, according to the Michigan Cannabis Regulatory Agency (CRA). That represents a 9.9% increase from the $2.98 billion in adult-use sales from 2023.

In addition, the $264.7 million in adult-use sales from December 2024 pushes the state’s cumulative market total to more than $10.2 billion since recreational sales launched five years ago in December 2019, according to the CRA.

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