Michigan Sold $258 Million In Marijuana In May. Now Lawmakers Want To Limit New Cannabis Licenses

As lawmakers consider limits on new cannabis licenses, state data suggests oversupply—not weak demand—is driving Michigan's marijuana market turmoil. LANSING — Michigan consumers purchased nearly $258 million worth of recreational marijuana in May, putting the state's cannabis industry on pace for another year of more than $3 billion in sales. Yet despite record-level consumer demand,