News and Information about the Business of Cannabis

Michigan Sets Cannabis Sales Record In December, $1.8 Billion For 2021, MRA Reports

Jan 13, 2022 | Feature, Great Lakes Region, Michigan

Michigan closed out 2021 with another record-breaking month of adult-use marijuana sales in December, said Marijuana Regulator Agency Executive Director Andrew Brisbo. .

Michigan saw more than $135 million in recreational cannabis purchases and about $33 million in medical marijuana sales in December.

Brisbo said the numbers “marked another high for the adult-use industry.” The previous adult-use marijuana sales record was set in October, with about $128 million in purchases. Total sales in 2021 were about $1.8 billion. Brisbo estimated sales in 2022 could top $2.8 billion.

As a result, taxes flowing into the state of Michigan through legalized marijuana in 2021 were as follows:

$131.2 million to the marijuana excise fund, which gets divvied up amongst local government, roads, and schools.

$115.4 million to the state sales tax bucket that goes to the general fund.

Equalling almost $250 million in new tax receipts.

Director Brisbo provided greater detail on 2021 cannabis sales Jan. 12 on Four20 Post Live. To watch that video interview, click on Four20Post

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