Michigan had a banner year in 2022, ending with $221.7 million in sales for the month of December alone and a full-year total of $2.3 billion, a new record for the state’s marijuana industry.
That annual sales figure is a 28% increase from 2021 sales figures and establishes a new high-water mark for Michigan operators.
Although medical marijuana sales dropped by 59% to just $13.4 million for last month, recreational sales more than picked up the slack, increasing by 54% over December 2021 to more than $208 million, New Cannabis Ventures calculated.
The news comes on the heels of other state markets also setting new benchmarks, such as Maine, which nearly doubled its adult-use sales in 2022, and Illinois, which increased annual recreational sales by 13% to $1.5 billion in 2021.
By contrast, some more mature markets – such as Colorado, Oregon, and Washington state – reported a sales decline last year.