The Department of Licensing and Regulatory Affairs reported that from Dec. 1, 2019 to March 1, 2020, statewide marijuana total sales are at $31,971,862. The last week of February was the largest week so far with $4,334,402 in sales from Feb. 24 through March 1.
Those numbers sound like a lot, but when broken down, it’s resulted in a little over $5 million in taxes to the state. Advocates had predicted state revenue totaling about $130 million per year. So far, it looks like Michigan won’t collect anywhere near that this year.
There are a few potential reasons for the state’s revenue going slower than other states saw when they got into the recreational marijuana game.
One is the lack of supply to meet the demand, said Robin Schneider, Michigan Cannabis Industry Association executive director. According to Schneider, this stems from a lack of recreational grow facilities up and running at the start of recreational sales.
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