Something has gone mysteriously missing from Michigan’s cannabis industry over the last six months: cannabis sales.

Statewide sales hit a peak in July 2020, then began trending downward. What’s going on?

After opening the state’s first adult-use stores in Dec. 2019, Michigan’s cannabis industry saw sales increase month-over-month at a sharp incline. Recreational and medical sales combined for $25 million in revenue in Jan. 2020; by July 2020, the state was recording nearly $110 million in combined monthly sales.

But then something happened.

Sales began to gradually fall. Combined medical and adult-use sales hit $92 million in Nov. 2020, and rebounded only slightly to $101 million in December.

It’s typical for Michigan’s…

To continue reading, visit the original article at