Midwest cannabis sales take a fall in January – except Ohio
Michigan cannabis sales were $152.6 million for the first month of the year. That’s 15% below its December 2021 sales.
How much illegal weed is getting into the U.S. from other countries?
“There is no comprehensive data on the total quantity of foreign-produced illicit drugs smuggled into the United States at or between official ports of entry because these are drugs that have generally evaded seizure by border officials.”
Top ranked Ohio dispensary applicants largely out-of-state MSOs
However, the overwhelming majority of multistate operators that were highly ranked were not big, publicly traded companies.
Michigan’s cannabis tax revenue blew up in 2021
Legal cannabis operators in Michigan are required to pay two main taxes: a 6% sales tax for both medical and adult-use marijuana and a 10% excise tax for adult-use cannabis retailers and microbusinesses.
Where are the public cannabis companies? Mostly these states.
Grown In mapped every publicly-traded MSO dispensary and found a small number of “core states” have attracted intense interest from cannabis companies eyeing future mergers and acquisitions.
Reports show Illinois, Michigan, and Mass. cannabis sales rallied in the fourth quarter of 2021
Massachusetts was the only New England state that saw growth of the states Grown In is tracking, while Rhode Island and Maine’s cannabis sales stalled.
In Pennsylvania, MSOs scooped up licenses after helpful legal interpretations by state regulators
Despite the state’s five license limit, Trulieve and GTI each own 16 licenses through subsidiaries.
In New York, the adult-use cannabis industry is blooming on tribal lands
At least twenty adult-use dispensaries are operating on Native American reservations in New York, well ahead of state regulators, who say the earliest recreational sales will begin is in a year and a half.
Workers are flocking to the legal cannabis industry in key states
Increasing cannabis demand has led to an increase in jobs in the legal cannabis industry, even though there are plenty of obstacles to hiring.
MSOs largely control New York’s medical cannabis market
The licenses of New York’s medical cannabis companies – the only ten in the state – are largely owned by multistate operators.
