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Michigan’s 2020 Adult-use Cannabis Sales Surpass $200 Million

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Michigan’s 2020 Adult-Use Cannabis Sales Surpass $200 Million

Adult-use sales have generated nearly $35 million in excise and sales tax revenues since the market launched in December 2019.

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News State by State: Michigan

Adult-use cannabis sales in Michigan have topped $200 million so far this year, according to a Michigan Radio report.

The Michigan Regulatory Agency has indicated that for the past two months, cannabis businesses have reported between $10 million and $14 million in weekly sales, according to the news outlet.

Adult-use sales have generated nearly $35 million in excise and sales tax revenues since the market launched in December 2019, Michigan Radio reported.

Last month, the market reached another milestone when the state’s weekly adult-use cannabis sales exceeded medical sales for the first time.

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149 Growers Apply to Participate in the Netherlands’ Regulated Cannabis Cultivation Experiment

The Ministries for Medical Care and of Justice and Security will evaluate the applications and license 10 growers by early 2021.

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News International

The Netherlands has received 149 applications from growers hoping to participate in the country’s regulated cannabis cultivation experiment, according to an NL Times report.

Prospective cultivators could apply for the program from July 1 through July 28, and now the Ministries for Medical Care and of Justice and Security will evaluate the applications and license 10 growers by early 2021, the news outlet reported.

Source: https://www.cannabisbusinesstimes.com/article/michigan-2020-adult-use-cannabis-sales-surpass-200-million/

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