Photo: Phil Didion ~ USA TODAY NETWORK
MICHIGAN, Jan. 2, 2024 ~ Michigan is now the nation’s leading marijuana market, reaching $2.8 billion in sales in November 2023 and is expected to push past $3 billion for the total year.
The Mitten State pushed past other cannabis heavy-hitters like California and Colorado in 2023, topping its 2022 sales figure by half a billion dollars, according to Crain’s Detroit Business magazine. However, the industry was still marred by falling cannabis prices, falling from $500 an ounce in 2020 to just $80.16 in January 2023.
PODCAST:
Jan. 2, 2024 ~ Mike Lee, managing editor of Crain’s Detroit Business, joins Guy Gordon, Lloyd Jackson, and Jamie Edmonds to talk about the business headlines to watch in 2024, including the real estate and marijuana outlooks, and a portion of the Renaissance Center being sold.
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