- December 1, 2020 marked one-year anniversary since recreational marijuana use was approved for sale in Michigan
- Retailers have sold approximately $450 million worth of recreational marijuana products over the last year, with sales averaging $13 million per week in recent months
- Gage Cannabis has leveraged upon rising growth rate through rapid store expansion, which will see its store footprint grow by over 10 locations in 2021
- Michigan’s governor recently signed legislation which will allow veterinarians to speak to pet owners about giving cannabis to their animals for therapeutic use
On December 1, 2020, Michigan marked the one-year anniversary following the legalization of recreational marijuana use within the state. Initially approved by voters in November of 2018, retail sales would have to wait a further 13 months until state officials had built a regulatory system to manage the fledgling industry. Gage Cannabis, a leading vertically integrated cannabis operator currently focused exclusively on the Michigan market, has been one of the prime beneficiaries from the legislative measures.
Since retail sales began on December 1, 2019, weekly sales numbers for adult use products have enjoyed a steady climb. Over the past twelve months, retailers have sold approximately $450 million-worth of recreational marijuana products in the state of Michigan – with average sales rising to over…
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