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US (MI): Michigan cannabis industry thriving amid coronavirus pandemic

You can’t currently walk into a Michigan cannabis shop and peruse the shelves, but that hasn’t stopped product from flying off them.

Close to $1 million a day in cannabis flower, vaping oil and edibles is still being sold, despite coronavirus restrictions that limit sales to curbside pickup and delivery.

With approximately $27 million in April sales, the recreational cannabis industry continues its ascent as governments fill their coffers with new tax revenue, despite the coronavirus pandemic and a forced about-face within the industry.

The state experienced a record high in weekly sales, nearly $8 million, during the first week of May.

Since the first recreational sales began on Dec. 1, the industry, now with 106 recreational stores and more than 200 total businesses, has racked up $91 million in sales, which translates to $15.2 million in new tax revenue, between a 6% sales and 10% excise tax.

Read more at mlive.com

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