Between Dec. 1 and Jan. 5, the state topped $8.2 million in sales
Michigan’s nascent adult-use recreational marijuana industry continues to develop. On Dec. 1, when recreational sales went live, only four dispensaries were licensed and open to the public. Now six weeks in, an influx of new businesses is coming on line nearly daily.
Between Dec. 1 and Jan. 5, the state topped $8.2 million in sales and $1.3 million in taxes from 26 retailers, six growers and a handful of processors, transporters and labs.
However, the rollout has not been without bumps. Hourslong lines and product shortages have plagued the early days of legal sales. But companies continue to push forward through what is expected to be a year of uncertainty across the industry.
To better understand the current state of the retail market and get a barometer on how the early days of legal recreational marijuana in the state are performing, Crain’s interviewed a handful of entrants into the market. The topics ranged from retail strategy to distribution to the prevalence of illegal product.
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