Michigan’s marijuana retailers are on pace to hit a major milestone later this year, with $10 billion worth of recreational cannabis products sold since the state’s adult-use market opened in 2019.
Judging from past sales numbers, retailers are likely to pass $10 billion in adult-use product sales in the next few weeks, if they haven’t already.
At the end of October, state-licensed retailers had sold about $9.7 billion worth of recreational marijuana products altogether since the launch of the market. Given that monthly sales have averaged about $279 million, a strong November could put the state past $10 billion in total sales. Those figures don’t account for sales in the separate medical cannabis market.
Read the full article HERE.