Michigan Cannabis Sales Hit Record High In 2023, Creating Tax Windfall For Governments
Cannabis Culture
Mon, Jan 29
Key Points
- Licensed cannabis dispensaries in Michigan achieved a record $3.06 billion in sales in 2023, reflecting a 25% increase from the previous year.
- This amounts to approximately $385 worth of cannabis for every adult in the state.
- December 2023 saw the highest monthly sales on record, with dispensaries selling $279.9 million worth of cannabis, surpassing the previous record set in July.
- The growth in sales indicates the growing popularity and acceptance of cannabis in Michigan.
Licensed cannabis dispensaries in Michigan rang up a record $3.06 billion in sales in 2023, a 25% increase over 2022.
To put that into perspective, the total sales of medical and recreational cannabis last year equates to $385 worth of cannabis for each adult in the state.
The year ended with the highest month of sales on record. In December, dispensaries sold $279.9 million worth of cannabis, beating the previous monthly record of $276.5 in sales set in July 2023.
– Read the entire article at Metro Times.
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