The Michigan Marijuana Regulatory Agency (MRA) has issued its January 2022 report detailing sales, licensing, and production data in the state’s adult use and medical cannabis markets. Michigan’s January 2022 combined adult use and medical cannabis sales, at $153 million, fell 9.2% month-on-month from $168 million in December 2021. Year-on-year, January 2022 sales are up
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Crashing Cannabis Prices Hit California Tax Receipts
Photo: Towfiqu Barbluiya/Unsplash The California Department of Tax and Fee Administration (CDTFA) issued data this week on taxable sales and cannabis tax collections for Q4 2021. Taxable sales for Q4 were $1.26 billion, down 2.8% from an upwardly adjusted $1.29 billion in Q3 2021, suggesting any holiday bump in sales was diminished in part by
Retail Cannabis Demand in Oregon Continues to Decline
Photo: Khara Woods/Unsplash The Oregon Liquor and Cannabis Commission (OLCC) recently issued sales data for January 2022. Overall sales came in at $83.6 million, 6% lower than the (upwardly adjusted) $89 million figure from December 2021 and down 16.7% from January 2021’s $100.4 million. Oregon’s unemployment rate dropped again in December, to 4.1%, a 2.2%
Massachusetts Cannabis Sales Decline as Wholesale Prices Drop Significantly
Photo: Crystalweed Cannabis/Unsplash The Massachusetts Cannabis Control Commission issued adult use retail sales data for January 2022 on its Open Data platform. The state reported sales of $112.6 million in January versus a downwardly revised $127.2 million in sales in December 2021, reflecting an 11.5% decrease month-on-month. Year-on-year, January sales were up by 29.4% versus
What Can Other States Learn from the California Cannabis Experiment?
Photo: Wesley Gibbs/Unsplash California is arguably the largest legal cannabis market in the world and, as such, lessons might be learned by states that have recently legalized cannabis. The most striking current economic features of California markets are the deterioration in wholesale prices, the legal tax regime, and the failure to eradicate, or apparently even
