Michigan’s Growing $2B Cannabis Market Is Second-Largest In US, Headset Report Says

It’s expected to grow into $2.5 billion by 2025

As some cannabis markets have slowed down throughout 2022, it appears as though Michigan is on a different course. The state boasts a $2 billion cannabis market, serving a population of 9.9 million people and expected to grow into $2.5 billion by 2025. 

And now Headset, the leading provider of data and analytics to the cannabis industry, has shared a new report, following insights around sales, category trends, consumer preferences and demographics. The data comes from real-time sales reporting by participating cannabis retailers, via their point-of-sale systems linked up with Headset’s business intelligence software.

Michigan voters approved Proposal 18-1 in November 2018, legalizing cannabis in the state and creating the Michigan Regulation and Taxation of Marihuana Act. State-licensed sales of recreational cannabis began in December 2019.

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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.


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