Michigan was one of the trailblazers for marijuana reform when it became the first state in the Midwest to pass a law legalizing recreational cannabis in 2018.
Despite the fact that the state has one of the most liberal personal usage provisions of any of the 23 legal states (and District of Columbia) -- you can own up to 12 cannabis plants for personal use in Michigan -- the state's tax coffers are set to see a record amount of revenue from the plant this year.
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Combined cannabis sales in the state totaled $275 million in July, the state's Cannabis Regulatory Agency reported, with adult-use sales jumping more than 40% year over year to $270 million.
For the year, cannabis sales are on pace to reach $3 billion, a revenue mark reached by only one other state in the country: California.
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New York expects to reach a total market size just under $6 billion by 2027.
Consumers in Michigan still prefer old school flower to electronic vaping with total flower sales reaching $126 million, compared to $51.2 million for vape cartridges.
Despite being illegal federally, states where recreational cannabis is legal are competing for growers who are attracted to places like Oklahoma where a license to sell costs just $2,500.
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