Although Michigan has legalized medical marijuana since 2018, the state’s market recently made a huge impact after wrapping up its first legal recreational year. In 2020, Michigan’s cannabis industry totaled out to $3.1 billion. The same year, Michigan retailers reported $1 billion in sales.

In a survey conducted by Anderson Economic Group, one in five Michigan residents used cannabis in 2020, which reached a 75% increase since being surveyed in 2010. The country’s thriving cannabis industry has given life to new businesses, new jobs, and revenue for many states. It’s no secret that Michigan has played a major role in this progress, but there remains immense potential ahead.