Last week’s sales near $8M
While COVID-19 and Gov. Gretchen Whitmer’s related restrictions are taking its toll on Michigan’s economy, at least one sector — licensed recreational cannabis businesses — is reporting a spike in business.
According to the Michigan Department of Licensing and Regulatory Affairs, reported sales at licensed cannabis retailers totaled $7,913,312 for the May 4-10 week, the highest to-date since legal adult-use marijuana sales began last Dec. 12. During that first week, reported retail sales kicked off at $1,629,007.
Reported sales of recreational marijuana trended upward in the first couple months. But in the week prior to the March 24 start of the COVID-19 “lockdown’” — Whitmer’s executive order restricting travel, gatherings and “non-essential” businesses and workforce — they jumped nearly 23 percent from the week prior, from $4,705,378 to $5,777,599. Some have suggested the increase was due to users’ anticipation of the lockdown and uncertainty about being able to obtain cannabis as the virus crisis continued to unfold.
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