cannabis plant

Michigan’s Cannabis Industry Employs Roughly 47,000 Full Time Workers

Michigan is home to one of the most thriving cannabis industries in the United States. Medical cannabis product sales and recreational product sales are both permitted in Michigan. Michigan first adopted medical cannabis legalization in 2008 and adult-use legalization in 2018.

According to a recent report by cannabis jobs platform Vangst and Whitney Economics, as of March 2024 Michigan’s legal cannabis industry supported 46,746 full-time equivalent positions. However, it is worth noting that the Michigan Cannabis Regulatory Agency reported that as of March 2024, the state’s cannabis industry directly employed 35,688. Detroit is estimated to support 11,341 jobs alone.

Michigan is home to an estimated (roughly) 800 cannabis dispensaries. The average reported price for an ounce of cannabis flower in Michigan is currently $90. In March 2024, Michigan set a state record after selling $286 million worth of recreational cannabis products.

In February 2024, Michigan distributed $87 million in cannabis industry tax proceeds to 269 municipalities. In Michigan, taxes are distributed by how many registered dispensaries each municipality has.

Total legal cannabis sales in the United States are expected to reach $31.4 billion in 2024 according to a recent analysis by Whitney Economics. Additionally, leading cannabis jobs platform Vangst, in conjunction with Whitney Economics, estimates that the legal cannabis industry now supports 440,445 full time-equivalent cannabis jobs in the United States.

Whitney Economics also projects the following legal cannabis sales figures in the United States for the coming years:

  • 2024: $31.4 billion (9.1% growth from 2023)
  • 2025: $35.2 billion (12.1% growth from 2024)
  • 2030: $67.2 billion
  • 2035: $87.0 billion

The emerging legal cannabis industry in the United States is projected to add roughly $112 billion to the nation’s economy in 2024 according to a newly released analysis by MJBiz Daily. The projection is part of the company’s 2024 MJBiz Factbook.

“The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in 2024, about 12% more than last year,” MJBiz stated in its initial reporting.

The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project.

“Through the first quarter of 2024, states have reported a combined total of more than $20 billion in tax revenue from legal, adult-use cannabis sales. In 2023 alone, legalization states generated more than $4 billion in cannabis tax revenue from adult-use sales, which is the most revenue generated by cannabis sales in a single year.” the Marijuana Policy project stated in a press release.