Tag: michigan
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Swing State Voters Overwhelmingly Support Cannabis Legalization And Other Reforms
A recent poll conducted by market research firm The Terrance Group of likely voters in Michigan, Pennsylvania, and Wisconsin found strong support for legalizing cannabis for adult-use, in addition to other cannabis policy reforms. The polling results, which were first reported by Marijuana Moment, found that respondents favor liberalizing cannabis laws regardless of the voter’s political party…
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Prices For Legal Ohio Cannabis Is 5 Times More Expensive Compared To Michigan
A common trend when a state first launches legal adult-use cannabis sales is that products are initially more expensive compared to years after the launch of legal sales. There are two main contributing factors to the trend. The first, which is pretty obvious, is that demand outpaces supply. When a state initially launches legal sales,…
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Michigan’s Legal Cannabis Industry Sold Over $278 Million Worth Of Legal Products In June 2024
Michigan’s legal cannabis dispensaries sold over $278 million worth of products in June 2024, up slightly from $274 million the previous month. According to original reporting by New Cannabis Ventures, June’s sales totals “were up 6.9% from a year earlier.” “The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling…
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Analysis: Ohioans Spent More Than $700 Million At Michigan Cannabis Dispensaries In 2023
Michigan legalized cannabis for adult use in 2018, after having already legalized medical cannabis years prior (2008). In November 2023, Ohio became the twenty-fourth state to legalize cannabis for adult use and Ohio regulators are currently accepting applications from aspiring recreational cannabis business operators. Sales could begin as early as next month in Ohio. Many…
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Michigan’s Legal Cannabis Market Topped $274 Million In May 2024
In March 2024, Michigan’s legal cannabis industry sold more cannabis products than California’s legal cannabis industry. It was the first time in recorded history that Michigan’s legal cannabis market surpassed California to claim the top spot in the U.S. for total product sales. According to cannabis data company Headset, legal cannabis industry sales in Michigan…
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Home Values Increase Faster Near Legal Dispensaries According To Study
Cannabis opponents have claimed that the opening of legal cannabis dispensaries in a given area will harm the area’s viability. However, a recent study involving data from Oregon, Colorado, Washington, Michigan, and Illinois have found that legal cannabis dispensaries are associated with home values increasing faster in neighborhoods where dispensaries are located in. Will Begeny,…
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Michigan’s Legal Cannabis Industry Outsold California In March 2024
California has long been associated with cannabis, with the Golden State being home to the famed Emerald Triangle where a thriving cannabis cultivation community has operated for several decades. California was the first state to adopt medical cannabis legalization back in 1996, and in 2016 the state’s voters approved recreational cannabis legalization. However, California appears…
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Michigan Cannabis Retailers Are Selling More Cannabis But Making Less Profit
In Michigan’s monthly report for the period March 1-31, 2024, the state listed 213 medical cannabis ‘provisioning centers’ that were permitted to make legal sales to patients. The medical cannabis provisioning centers sold over $2 million worth of medical cannabis products during March 2024. Additionally, the state’s 785 active adult-use cannabis retail license holders sold over $286…
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Michigan’s Cannabis Industry Employs Roughly 47,000 Full Time Workers
Michigan is home to one of the most thriving cannabis industries in the United States. Medical cannabis product sales and recreational product sales are both permitted in Michigan. Michigan first adopted medical cannabis legalization in 2008 and adult-use legalization in 2018. According to a recent report by cannabis jobs platform Vangst and Whitney Economics, as…
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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…