MJBiz - March/April 2024 - 21

INDUSTRY DEVELOPMENTS
Michigan
Marijuana retailers sold a whopping $3.06 billion in adult-use and medical products in 2023,
according to data from the state's Cannabis Regulatory Agency. That's about $305 worth of
cannabis products per person in the state, the highest per capita spend in the United States,
according to Crain's Detroit Business.
For reference, California retailers were expected to sell $5.9 billion in cannabis products in
2023, or $150 per capita, according to Crain's; Colorado's per capita spend is about $290.
December was a particularly stellar month for Michigan's cannabis retailers, with
$279.9 million in total sales, up from $260.5 million in November.
When Michigan voters approved adult-use sales in 2018, MJBizDaily estimated the market
would be worth $1.7 billion within several years after launching. Recreational marijuana sales
in Michigan launched in December 2019, and adult-use retailers in the state took in $400 million
in Year One.
Mississippi
A large batch of medical marijuana products in Mississippi were placed on " administrative
hold " as regulators continue testing to clear the products for sale. The Mississippi State
Department of Health issued the initial hold on Dec. 21 for products tested by Rapid Analytics,
one of two licensed testing labs in the market.
" The retesting is to validate results related to the use of pesticides and presence of mycotoxins, "
the health department said in an alert.
According to the Magnolia Tribune, Rapid Analytics indicated the hold affected 70% of the
MMJ products on the Mississippi market. There have been no reports of illnesses related to
the impacted products, the agency said.
A Rapid spokesperson told the newspaper the allegations were " baseless. "
In December, Steep Hill Mississippi, the other state-licensed testing lab, alleged that cannabis
products sold in gasoline stations and convenience stores in Mississippi contain potentially
dangerous contaminants and far more delta-9 THC than allowed by law.
Missouri
Marijuana retailers reported selling more than $1.3 billion worth of medical and adult-use
products last year.
Missouri Department of Health and Senior Services data shows that adult-use marijuana
sales reached approximately $1.04 billion in 2023. Retailers reported a record $106.5 million in
adult-use sales in December, breaking the previous mark of $98.7 million set in July. Medical
cannabis sales for the year were about $302.2 million.
The total is approximately in line with MJBizDaily projections and the business association
MoCannTrade.
The disparity between adult-use and medical sales suggests that Missouri MMJ patients are
transitioning more quickly to the recreational market.
The $16.8 million worth of medical cannabis sold in December was the second-lowest total
of the year, after the $16.4 million sold in November.
Medical marijuana sales have steadily declined from a peak of $37 million in January, the
last month recreational cannabis was not available.
Cross-border demand is playing a role in Missouri, which launched adult-use sales in
February.
Missouri is poised to add more retail capacity this year through an additional round of
microbusiness licenses.
mjbizdaily.com | March-April 2024 21

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MJBiz - March/April 2024

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