Michigan cannabis market now worth more than US$3 billion: Study

The report found that the regulated cannabis industry generated US$169 million in tax and fee revenues in 2020.Article contentMichigan trailed only California and Colorado in total cannabis sales for the year.

The strong sales have continued in 2021. The state set a new monthly sales record in April, selling more thanIn May, the latest month on file from the Michigan Marijuana Regulatory Agency , sales againDespite those figures, the AEG report found that the majority of cannabis purchases in the state continue to happen outside of regulated, legal channels.last year, Bruce Linton, the former co-CEO of Canopy Growth, called Michigan’s cannabis industry a “very happy story.

Linton, now executive chairman of Gage Cannabis Co., one of state’s leading cannabis brands and operators, said the Michigan market is sophisticated as a result of medical cannabis being legal in the state for more than a decade.. “The market expects quality and they’re willing to pay for it.”Article content

TheGrowthOp With the governor they have I guess they need a little weed to keep calm

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