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

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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.

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.

Source: https://mjbizdaily.com/michigan-sets-monthly-marijuana-sales-mark-with-210-million-in-july/

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