Legal marijuana sales surpassed $270 million in June in Michigan, with all-time sales now above $10 billion.
According to the Michigan Cannabis Regulatory Agency, recreational marijuana sales in June amounted to $275.2 million, slightly below May’s $278 million. Medical marijuana sales in June reached $1.7 million, bringing the total sales for the month to around $277 million.
Since the legalization of recreational marijuana in December 2019, total sales have now reached $8.55 billion. Medical marijuana sales have added another $1.62 billion, making the combined total $10.17 billion. These robust sales have generated significant tax revenues, with recreational marijuana alone contributing over $1.4 billion.
The average price per ounce of recreational marijuana in June remained virtually the same as in May, at $88.50. The all-time low is $86.61 set in April.
The number of licensed marijuana retail outlets continues to grow, with around 820 retailers now operating across Michigan, up from 790 in April.
Since the legalization of marijuana in November 2018, and the opening of the first licensed retail outlet in 2019, Michigan residents aged 21 and older are allowed to possess up to 2.5 ounces of marijuana and up to 15 grams of marijuana concentrates. Recreational marijuana is subject to a 10% excise tax, in addition to the state’s 6% sales tax.
