fbpx

MjLink Cannabis Business News and Press

Cannabis Industry Business Professionals Blogs, Press Releases and News Articles from the best journalist in the industry. Stay updated on all news from many online cannabis news outlets, on MjLink.com

July Was Another Record-Breaking Month for Michigan Cannabis Sales

1 minute reading time (270 words)
Michigan's total cannabis sales had yet another record-breaking month, topping $171 million in July, according to a monthly data report released from the Michigan Marijuana Regulatory Agency (MMRA).

The data shows that $42.7 million of those sales came from medical cannabis, while $128.3 million came from adult-use.

July cannabis sales are up about 15% from June, which reported $41.6 million in medical sales and $107.3 million in adult-use, totaling over $148.9 million.

Michigan's medical cannabis sales showed a slight decrease from July 2020, which reported $52.1 million; however, adult-use sales have more than doubled since last year, increasing from $57.4 million to $128.3 million.

Cannabis flower dominated both markets last month, making up over $21.1 million in medical sales and $63.5 million in recreational sales. Vape cartridges were the second-highest product sold, totaling over $10.8 million for medical cannabis and over $26.3 million for adult-use.

Edibles were third in line for the record-breaking month, generating $4.6 million in medical sales and $18.4 million in recreational sales. 

Flower, vape cartridges and edibles mostly made up Michigan's June medical and adult-use cannabis sales as well, with flower being the highest-selling product and vape cartridges and edibles following.

And the state's cannabis industry produced $23 million in tax revenue last month; $10.2 million in sales taxes and $12.8 million in 10% excise tax, which the state will use towards schools, counties, roads and municipalities, according to a tweet from David Harns, MMRA public relations manager.

As of July 31, Michigan's total medical cannabis sales to date have reached over $1 billion, and adult-use has topped $1.2 billion, according to the MMRA's report.

 

]]>

Related Posts

MjLink Logo