SPECIAL PROMOTIONAL SECTION
MICHIGAN IS HIGH ON CANNABIS┬á
The Great Lake StateÔÇÖs cannabis market has seen incredible growth across nearly every product category with nearly $2.3 billion in sales last year, according to the stateÔÇÖs Cannabis Regulatory Agency (CRA).
That massive retail haul came during MichiganÔÇÖs third full year of a commercial adult-use program and represents 28 percent growth over 2021 sales. Michigan is now the nationÔÇÖs second largest cannabis market, trailing only California.
There are currently more than 500 medical cannabis dispensaries and over 470 recreational ones in Michigan, supported by more than 1,000 growers.
September was a record for marijuana sales in Michigan, hitting $195 million in recreational sales, according to the CRA.
And projections are that these numbers will continue to increase – or get high-er. According to research firm Headset, the market in Michigan will reach $2.5 billion by 2025.
These numbers are climbing while much of the U.S. cannabis market as a whole struggled to grow sales in 2022 after a cannabis boom during the peak years of the pandemic.
Used recreationally, as a medicinal drug or even for spiritual purposes, cannabis offers many positive attributes including easing pain, controlling nausea and vomiting and treating rare forms of epilepsy. A recent study found that CBD and other non-psychoactive cannabinoids can effectively be used to prevent and treat GI disorders such as irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), CrohnÔÇÖs, ulcerative colitis and more.
According to a recent report from the Michigan Marijuana Regulatory Agency, there are roughly 280,000 registered medical marijuana cardholders across the state.