Michigan set a new monthly record for marijuana sales in July, reaching nearly $210 million, according to data published by the state Cannabis Regulatory Agency (CRA) on Thursday.<\/p>\n
The state saw $21,121,711 in medical cannabis sales and $188,818,744 adult-use marijuana purchases last month. That total is about $15 million greater than the previous monthly record<\/a> set in April.<\/p>\n Consumers set a new Michigan cannabis sales record in July with nearly $210,000,000 in marijuana product sales \u2014 $21,121,711 in medical and $188,818,744 in adult use.<\/p>\n \u2014 Andrew Brisbo (@AndrewBrisbo) August 11, 2022<\/a><\/p>\n<\/blockquote>\n\n Most of the marijuana purchases for both medical and recreational use were for flower products, followed by vape cartridges.<\/p>\n The data<\/a> also shows a continuation of a sales trend in Michigan\u2019s marijuana market, with medical cannabis purchases dipping and adult-use sales increasing. The first recreational shops opened in Michigan in December 2019.<\/p>\n Meanwhile, Michigan regulators recently announced that they are issuing another round of grants<\/a> to support research into the therapeutic benefits of marijuana for military veterans, using tax dollars the state generated from adult-use cannabis sales.<\/p>\n This time around, CRA announced that it has recommended awarding $20 million in grants to two universities as part of the Veteran Marijuana Research (VMR) Grant Program.<\/p>\n Michigan officials also announced in March that the state would be distributing nearly $150 million in marijuana tax revenue<\/a>, divided between localities, public schools and a transportation fund.<\/p>\n The state Treasury Department said that the funding\u2014made possible from tax revenue generated from the state\u2019s adult-use cannabis program\u2014includes $42.2 million for 62 cities, 15 villages, 33 townships and 53 counties.<\/p>\n That\u2019s\u00a0more than four times the level of funding<\/a>\u00a0that the state paid out to municipalities with cannabis tax dollars last year.<\/p>\n All told in 2021, Michigan saw $1,311,951,737 in marijuana sales for adult-use and $481,225,540 for medical cannabis. In December alone, there were\u00a0more than $135 million in recreational cannabis purchases<\/a>\u00a0and about $33 million in medical marijuana sales.<\/p>\n Regulators also announced earlier this year that the they approved the state\u2019s first-ever social consumption site for adult-use marijuana in Hazel Park. It stands to reason that, as that sector of the marijuana industry grows, even more tax revenue may follow.<\/p>\n Michigan isn\u2019t the only state that\u2019s seeing significant marijuana sales and working to put the resulting tax dollars to good use.<\/p>\n For example, Illinois retailers sold more than $135 million worth of adult-use marijuana<\/a> in July, the largest monthly sales total so far in 2022 and the second biggest month since sales first launched, the Illinois Department of Finance and Professional Regulation (IDFPR) recently announced.<\/p>\n New Jersey saw about $24 million in recreational marijuana purchases<\/a> during its first month of sales earlier this year.<\/p>\n As of mid-May, Massachusetts adult-use marijuana sales officially surpassed $3 billion<\/a> since the market launched in 2018, officials said.<\/p>\n New York Will Start Accepting Marijuana Dispensary Applications In Two Weeks\u2014Exclusively From People Harmed By Drug War<\/a><\/p>\n<\/blockquote>\n\n The post Michigan Breaks Monthly Marijuana Sales Record In July, State Data Shows<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
Michigan set a new monthly record for marijuana sales in July, reaching nearly $210 million, according to data published by the state Cannabis Regulatory Agency (CRA) on Thursday. The state saw $21,121,711 in medical cannabis sales and $188,818,744 adult-use marijuana purchases last month. That total is about $15 million greaterContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1335,18],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/56530"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=56530"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/56530\/revisions"}],"predecessor-version":[{"id":56531,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/56530\/revisions\/56531"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=56530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=56530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=56530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\nRead More: Michigan Breaks Monthly Marijuana Sales Record In July, State Data Shows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"