In July a record-breaking $276 million in legal marijuana was sold in Michigan.
According to a new report by the Michigan Cannabis Regulatory Agency, the state sold $276,746,264.07 worth of legal marijuana and marijuana products in July. This includes dried marijuana flower and shake, as well as marijuana products such as concentrates (hash, oil, etc.), edibles, tinctures and topicals.
The sales in July mark a considerable increase from the $260.8 million sold in June and the $245 million sold in May.
Of the $276 million in legal marijuana sold, just $6.1 million was purchased by medical marijuana patients, with the remaining $270 million sold to recreational consumers.
Legal recreational marijuana sales to date for Michigan is now over $5.5 billion, with sales beginning in December, 2019. When you account for medical marijuana sales during that period, total sales are above $6.8 billion. Year-to-date sales now stand at $1,581,308,978.64.
According to the Cannabis Regulatory Agency there are currently 704 licensed marijuana retail outlets located throughout Michigan.
The average cost per ounce of recreational marijuana in July was $98.65. This is a noticeable jump from the $90 average in June, but still drastically lower than the $180 average when legal recreational marijuana sales first began.
Michigan voters legalized marijuana in November, 2018. The law allows those 21 and older to possess up to 2.5 ounces of marijuana and up to 15 grams of concentrate.
