Tag: michigan
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Michigan Cannabis Retailers Are Selling More Cannabis But Making Less Profit
In Michigan’s monthly report for the period March 1-31, 2024, the state listed 213 medical cannabis ‘provisioning centers’ that were permitted to make legal sales to patients. The medical cannabis provisioning centers sold over $2 million worth of medical cannabis products during March 2024. Additionally, the state’s 785 active adult-use cannabis retail license holders sold over $286…
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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…
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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
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…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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9% Of United States Adults Report Using Cannabis Regularly
Cannabis remains illegal at the federal level in the United States, however, 24 states and the District of Columbia have modernized their cannabis policies to permit recreational cannabis use by adults. Many more permit cannabis for medical use. The results of a new Gallup survey are out, in which adult cannabis consumers across the United…
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Michigan Sets Legal Cannabis Sales Record In March 2024
In 2008 Michigan voters approved a ballot initiative measure that legalized medical cannabis for patients suffering from serious health issues. Eight years later, in 2016, Michigan’s Legislature passed a law expanding the state’s medical cannabis program permitting the licensing and regulation of medical cannabis businesses. 2018 was a historic year for the State of Michigan,…
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How Many People Have Jobs In The U.S. Cannabis Industry In 2024?
One of the largest societal benefits of modernizing cannabis policies to permit a regulated cannabis industry is job creation. Every jurisdiction on earth can benefit from job creation, and the emerging legal cannabis industry can create viable jobs in nearly every area to some degree, whether it be in production, storage, retail, or ancillary services.…