Based on Headset data from the Detroit Metro Times, adult-use marijuana sales surged by 482% to over $500 Million during 2020. Michigan voters accented the bills two years ago, and the sales began on 1st December 2019.
The report stated that the flower accrued 47.8% of adult-use sales; vape pens accumulated 20.6%, while edibles contributed 14.9%.
According to DMT’s report, medical marijuana sales surpassed recreational sales during 2020’s first six months, but recreational sales had outpaced medical sales by over $32 million in December 2020. Based on data from the Michigan Marijuana Regulatory Department, the state’s total marijuana sales exceeded $37.2 million in November alone.
For almost a month last year, the state’s adult-use marijuana sales stalled at $7 million weekly. Between 13th and 19th April, sales reached $7.2 million mark and never exceeded that mark until 10th May, when sales reached $7.9 million.
Although cannabis has been legal in Michigan for the past two years, sales are yet to start in Detroit, the state’s most populated city. Last month, officials announced that permits would be awarded in the Motor City by summer and available for online applicants on 19th January.
The permits will be issued first to legacy applicants; thus, licensees must have resided in Detroit for fifteen of the past 30 years; resided for the thirteen years of the past three decades and are low-income earners; or resided in Detroit for ten of the past three decades and have a previous cannabis-related conviction.
Legacy licensees would qualify for a 25% discount of fair market value on the city property. They will also access reduced fees and technical assistance. The city council has a legal provision that calls for half of the city’s licensees to be issued to legacy applicants.
