GLASF - Michigan Beats California In Legal Cannabis Sales: Why Is Golden State's Weed Industry Losing Its Shine? | Benzinga
Despite California’s reputation and larger population, new data from cannabis analytics firm BDSA reveals Michigan has emerged as the top seller of legal cannabis in the U.S., surpassing the Golden State in unit sales. In March, Michigan sold 22 million cannabis products, while California sold 21.3 million, marking the first time another state has outsold California in legal cannabis products.
The BDSA data, shared with SFGATE, uses point-of-sale information and highlights a significant shift in the US cannabis market. While California continues to lead in revenue, with $1 billion in sales for the first quarter 2024 compared to Michigan’s $786 million, the volume of products sold is higher in Michigan. This performance is attributable to lower cannabis prices in Michigan, making it more accessible to consumers.
High Taxes And Questionable Regulations Hurt California Cannabis Sales
California’s legal cannabis market faces numerous challenges, including high taxes and stringent regulations that drive up costs. These issues, combined with weak ...