By Stefan Sykes, CNBC News on May 7, 2023
Marijuana is a multibillion-dollar industry, and across the United States, legal markets are popping up like weeds as more states seek out the tax revenue and jobs the cash crop brings.
Medical and recreational marijuana sales are projected to reach $33.6 billion by the end of the year, a trend largely driven by the opening of new adult-use markets, according to an MJBiz Factbook analysis.
In Michigan alone, medical and recreational sales together brought in about $325 million in tax revenue last year, according to the state’s Cannabis Regulatory Agency.
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