Michigan’s mighty marijuana market totaled $3.2 billion in sales in 2020, according to a new study by the Anderson Economic Group commissioned by the Michigan Cannabis Manufacturers Association.
That’s thanks in part to the nearly 300 licensed adult-use “recreational” cannabis dispensaries in the state, and nearly 400 licensed medical provisioning centers, the study reports.
“The Anderson Economic Group study reflects a vibrant regulated marketplace with unlimited economic potential,” MCMA board chair Shelly Edgerton said in a statement.
But the study also found that the vast majority of the state’s cannabis sales — about 70% — happen “off the books,” or outside of licensed stores. It did not specify how much of that was from the black market and how much was from caregivers, who are allowed by state law to grow up to 12 cannabis plants at home for medical marijuana patients.