Michigan Cannabis Market Speeds Ahead

Sales in Michigan grew by 28.2% in the past year according to Headset

The influx of cannabis stores and news surrounding the industry is not just a flash in the pan. The sector continues to grow, and Michigan is one of the largest markets in the U.S.

Michigan is already a $2 billion cannabis market, making it the second-largest cannabis market in the U.S., according to research firm Headset. That comes after cannabis sales in Michigan grew by 28.2% in the past year, the strongest growth of any market.

Other Headset-tracked markets shrank a combined 5.4% during the year.

It does not appear as though cannabis sales will dip in Michigan anytime soon, as Headset projects the market will reach $2.5 billion by 2025. September was a record for marijuana sales in Michigan, hitting $195 million in recreational sales, according to the Michigan Cannabis Regulatory Agency.

“The U.S. cannabis market as a whole has struggled to grow sales in 2022 after a cannabis boom during the peak years of the pandemic,” the report read. “However, Michigan, like other newer adult-use markets, has managed to grow. The Great Lakes State has experienced double-digit growth by significant increases across nearly every product category.”

To Read The Rest Of This Article On GRBJ, Click Here

Stay up-to-date!

Get all the news and info straight into your inbox that you need to help grow your business.

  • Gypsy Rose

Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.


Stay informed with the most up-to-date industry news to help you grow your business: subscribe to our newsletter below!

To Top