Recommended content

Michigan sets monthly marijuana sales mark with $210 million in July

Michigan marijuana retailers hit a new benchmark of nearly $210 million in total sales for July, the best month yet for the program.

According to the head of Michigan’s Cannabis Regulatory Agency, retailers sold $188,818,744 worth of recreational marijuana last month and $21,121,711 of medical cannabis.

ADVERTISEMENT

That comes as Michigan growers report wholesale flower prices have plummeted, meaning demand is robust.

Growers sold 46,777 pounds of recreational marijuana in July, worth about $91 million.

Other adult-use product totals included:

Vape cartridges: $39.8 million. Edibles: $22 million. Shake/trim: $15.6 million. Concentrates: $11. 3 million.

Cultivators had 1.34 million active plants in the system for July, with 188,252 harvested and 159,226 destroyed.

Michigan listed 1,684 active marijuana business licenses in July, with Class C marijuana growers leading the way at 653 and retailers second at 541.

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily
Source

More news