420 with CNW – First 8 Days of Recreational Weed Sales Generate More Than $1.6 Million in Michigan
Dec 12, 2019
It looks like the newly legalized weed industry in Michigan is set to hit major milestones pretty quickly. The first eight days of legal adult-use marijuana sales at the five retail outlets that were open in Michigan amounted to $1.6 million. Three of the five shops either run out of stock or had an inadequate supply of marijuana products.
From the first to the eighth-day of sales, the total was $1,629,007. The 10% excise tax imposed on then recreational products amounted to $162,900, and the 6% state sales fee raised…
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