News and Information about the Business of Cannabis

Cannabis Tax And Sales Update: Insights From Maryland, Michigan, Illinois And Colorado

Aug 24, 2023 | National

Turning to Michigan, the state has solidified its position as the top marijuana market in the country, boasting a staggering $1.7 billion in sales during the first seven months of this year alone. Its per capita spending on cannabis surpasses other states, partly attributed to a favorable regulatory framework and comparatively low taxes.

Michigan’s successful transition to a mature market is evident in the high percentage of legal sales, with over 75% of all marijuana purchases occurring within the legal framework.

To read about the other states, click on The Dales Report

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