skip to Main Content
Cannabis shops rake in $221,000 on first day of Michigan’s legal sales

Michigan pot shops generated $221,000 in sales Sunday during the state’s first day of legal recreational marijuana purchases — generated by three licensed facilities in Ann Arbor.

The total on the first day of legal adult use sales in Michigan doesn’t include the $22,100 paid to the state because of the 10% excise tax on adult use products or the $14,586 generated by the 6% sales tax, according to the Marijuana Regulatory Agency.

The sales from Michigan’s first licensed adult use retailers came roughly 13 months after voters approved a ballot measure legalizing adult use.

Lines of people from Michigan and other areas of the Midwest formed outside of the Ann Arbor retail shops Sunday to kick off sales that the state projects will total hundreds of millions of dollars in the first year.

Total medical marijuana sales from Oct. 1, 2018 through Nov. 22, 2019 were $269.5 million.

The state had a year after the adult use law took effect on Dec. 6, 2018 to set up the commercial adult use licensing system and did so weeks ahead of time. The Marijuana Regulatory Agency awarded the first adult use license to Exclusive Brands LLC’s Ann Arbor Shop on Nov. 19. [Read more at The Detroit News]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Mold in marijuana? Connecticut’s rules are less strict than other states

Connecticut is joined by only Florida and Maryland in setting the mold limit as high as 100,000 CFU/g. But safety standards vary widely across the nation. Branford resident Alex London…

‘Cannabis in Germany will be a success’: Europe’s biggest economy moves closer to weed legalization

BERLIN — Germany could be weeks away from introducing a bill to legalize cannabis under sweeping reforms that would greenlight the consumption and sale of the drug in Europe’s largest…

Meta Growth Founder & Pals Purchase Pornhub Parent

A Canadian private equity firm founded last year for this purpose has bought MindGeek, the beleaguered parent of Pornhub and many other well-known adult entertainment assets. Ottawa-based Ethical Capital Partners…

Gov. Hochul calls for bigger fines against unlicensed weed shops

New York Gov. Kathy Hochul is proposing steep fines for stores selling weed without a license. The move comes as pressure builds to crack down on unlicensed cannabis shops –…

More Categories

Back To Top
×Close search
Search