For the third time in 2022, Michigan noticed a record-breaking month of marijuana gross sales, reaching $212 million in September, state information reveals.
The state noticed $195,349,995 price of adult-use marijuana purchases and $16,629,957 in medical hashish gross sales final month. That whole is about $2 million better than the earlier document in July and $17 million greater than the sooner April document.
As has been the continuing pattern, a lot of the marijuana purchases for each medical and leisure use have been for flower merchandise, adopted by vape cartridges.
The information also reveals a continuation of a gross sales pattern in Michigan’s marijuana market, with medical hashish purchases dipping and adult-use gross sales growing. The primary leisure retailers opened in Michigan in December 2019.
In the meantime, Michigan regulators lately introduced that they’re issuing one other spherical of grants to assist analysis into the therapeutic advantages of marijuana for navy veterans, utilizing tax {dollars} the state generated from adult-use hashish gross sales.
This time round, Hashish Regulatory Company (CRA) introduced that it has really helpful awarding $20 million in grants to 2 universities as a part of the Veteran Marijuana Analysis (VMR) Grant Program.
Michigan officers additionally introduced in March that the state can be distributing practically $150 million in marijuana tax income, divided between localities, public faculties and a transportation fund.
The state Treasury Division mentioned that the funding—made doable from tax income generated from the state’s adult-use hashish program—contains $42.2 million for 62 cities, 15 villages, 33 townships and 53 counties.
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That’s greater than 4 instances the extent of funding that the state paid out to municipalities with hashish tax {dollars} final yr.
All advised in 2021, Michigan noticed $1,311,951,737 in marijuana gross sales for adult-use and $481,225,540 for medical hashish. In December alone, there have been greater than $135 million in leisure hashish purchases and about $33 million in medical marijuana gross sales.
Regulators additionally introduced earlier this yr that the they authorized the state’s first-ever social consumption website for adult-use marijuana in Hazel Park. It stands to cause that, as that sector of the marijuana business grows, much more tax income might observe.
Lawmakers in that metropolis additionally authorized a decision designating September as a month of consciousness of the therapeutic potential of psychedelics—making it the second metropolis to take the symbolic further step after regionally decriminalizing pure vegetation and fungi.