LANSING – Michigan January cannabis sales totaled $242,812,694, according to the Cannabis Regulatory Agency, with $240,289,360 for adult-use sales, and just $2,523,333 sold to medical marijuana patients.
The January total represented a big drop from the record-breaking $280 million sold in December, but still higher than the $207 million sold in January 2023. Michigan collected $38.4 million in tax revenue from cannabis sales in January. Recreational marijuana receives a 10 percent excise tax in addition to the state’s 6 percent sales tax.
Total recreational marijuana sales since the start of legal sales in December 2019 now top $7.1 billion, generating more than $1.1 billion in tax revenue. Medical marijuana sales added another $1.6 billion since December 2019.
The CRA reported 762 licensed marijuana retail outlets located throughout Michigan, 11 more than the previous month. The total number of active licenses in the state’s cannabis industry is 2,190, including cultivators and processors.
The average cost per ounce of recreational marijuana in November was $93.20, a nearly $2 decrease from December.
