Now well into its second full year of adult-use sales, Michigan’s legal cannabis market is emerging from the pandemic ripe with opportunity. With a run rate behind only California and Colorado, Michigan’s early 2021 sales have put the state on pace to not only break the billion-dollar sales threshold but also blow right past it.
Michigan regulators allowed the state’s dispensaries to continue operating during the COVID-19 pandemic in 2020 – the first full calendar year of adult-use sales— resulting in sales over $984 million. Despite the essential business provision and solid initial sales, legal cannabis purchases declined during the autumn months.