Michigan Cannabis Sales

September Michigan Cannabis Sales $266.9 Million, Down 10 Percent From August

LANSING - After record-breaking Michigan August cannabis sales, September sales plunged nearly 10 percent, the Cannabis Regulatory Agency announced Monday. By the numbers, September sales were $266.9 million versus $294 million in August, with just 1 percent purchased by medical marijuana patients. The $266.9 million in September sales is a slight dip from the roughly

By |2024-10-15T10:29:07-04:00October 15th, 2024|Featured, Marijuana Business, News|

Recreational Cannabis Sales Getting Higher In Michigan And Ohio

TOLEDO - Recreational marijuana sales began in Ohio almost two months ago; now, 13 Action News is getting a better idea of how the industry is shaping up locally and how sales here are impacting Michigan’s marijuana market. “We’re five-to-10 times busier here depending on the day,” Zach Gergich, a dispensary representative at Nectar, told

By |2024-09-26T09:36:54-04:00September 26th, 2024|Marijuana Business, News|

Michigan Pot Sales Grow As Ohio Leaps Into Legal Recreational Cannabis

DETROIT - As recreational marijuana sales kicked off in Ohio last month, Michigan’s cannabis industry wondered: How would this impact its own booming market, which attracts customers from across the Ohio border? It's widely acknowledged that Ohio residents cross state lines to buy marijuana in Michigan. There are dozens of dispensaries near the Ohio border

By |2024-09-22T13:17:20-04:00September 22nd, 2024|Marijuana Business, News|

Michigan Cannabis Sales Increase In August Even With Ohio Marijuana Now Legal

DETROIT - As recreational marijuana sales kicked off in Ohio last month, Michigan’s cannabis industry wondered: How would this impact its own booming market, which attracts customers from across the Ohio border? It's widely acknowledged that Ohio residents cross state lines to buy marijuana in Michigan. There are dozens of dispensaries near the Ohio border

By |2024-09-17T16:08:01-04:00September 17th, 2024|Marijuana Business, News|

With Ohio Legal Cannabis Sales Firing Up, Has Michigan Sales Plateaued?

LANSING — Has Michigan hit its weed ceiling? Michigan recently hit a high water mark: More marijuana sold than California, according to MJBizDaily, a cannabis business news outlet. California has long been the legal weed king and has nearly four times Michigan's population. Yet Michigan has three times more sales per person than California, the runner-up,

By |2024-09-16T08:53:26-04:00September 15th, 2024|Marijuana Business, News|

New Line Processing Offers Line of Credit For Michigan Cannabis Customers

ANN ARBOR - Michigan cannabis dispensaries, and customers have had a difficult time trying to use Visa and Mastercard to pay for transactions. Since cannabis remains a federal schedule 1 drug - along with cocaine and heroin - credit card companies and federally chartered banks have said no to cannabis. New Line Processing, a New

By |2024-09-04T16:25:56-04:00August 21st, 2024|Marijuana Business, mitechtv, News|

Michigan Border Dispensaries Aren’t Fretting Yet Over More Expensive Ohio Competitors

COLUMBUS - Approaching five years since Michigan marijuana shops rang up their first sales, Ohio has joined the growing fray of U.S. states selling recreational cannabis. Ohio’s market launched on Tuesday, Aug. 6, with 120 stores permitted to sell marijuana to adults, 21 and over, with a valid ID. Image courtesy Motley Fool

By |2024-08-19T09:22:59-04:00August 19th, 2024|Marijuana Business, News|

July Michigan Cannabis Sales Remain Flat For 5th Month In A Row

LANSING - Michigan cannabis sales continue to remain flat in July with sales for all products topping $287.7 million, up 3.2 percent from June’s $275.2 million. This follows similar sales figures in May of $278 million, April $279.6 million and March a record $289 million. Recreational sales in July recreational marijuana sales totaled $264.4 million,

By |2024-08-15T15:41:40-04:00August 15th, 2024|Featured, Marijuana Business, News|

Ohio Helps Make Michigan No. 1 In Cannabis Product Sales For Now

ANN ARBOR - Michigan’s nearly $3.2 billion recreational marijuana market is bolstered by the tens of thousands of customers from Ohio who can get to Monroe Township’s so-called “green mile” off I-75, just 11 miles north of the border. But some of those sales could return to Ohio in the next couple of years as

By |2024-06-23T15:04:22-04:00June 20th, 2024|Marijuana Business, News|

March Michigan Cannabis Sales Record $289 Million, 16 Percent Higher Than 2023

LANSING - Michigan’s cannabis sales in March soared to a monthly record $289 million, a 15.7 percent increase compared to March 2023’s total sales of $250 million. According to Michigan's Cannabis Regulatory Agency statistical report, the dynamics of adult and medical cannabis sales between March 2023 and 2024 underwent notable shifts. Adult-use cannabis sales leaped from approximately $239.9

By |2024-04-16T18:17:15-04:00April 16th, 2024|Featured, Marijuana Business, News|