Michigan cannabis sales hit record high in 2023, creating tax windfall for governments

(Detroit Metro Times) 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.

A vast majority of the sales were recreational, also known as adult use, which amounted to $2.74 billion in 2023. ...............(more)

https://www.metrotimes.com/weed/michigan-cannabis-sales-hit-record-high-in-2023-creating-tax-windfall-for-governments-35304934