Key takeaways
- Michigan’s CRA reported that the state brought in over $221 million in revenue for December between adult-use and medical-use marijuana sales
- While the revenue news was positive, the agency also announced that there was a record amount of robberies, with 13 cases of delivery drivers reporting theft
- Even though marijuana sales have been lucrative for the state of Michigan, it’s essential to consider the implications of the fact that marijuana is still illegal at the federal level
As marijuana becomes legal in more states for adult use, reports are coming out about the possible revenue in this sector. The Michigan Cannabis Regulatory Agency (CRA) has reported record-breaking sales for December. While cannabis remains controversial, there’s no denying that some states can generate substantial amounts of revenue from the product.
We’re going to look at how much revenue the state of Michigan was able to generate from cannabis last month and what you should consider if you’re thinking about investing in this industry.
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