Cannabis Is Flying Off The Shelves In These Five States, Earning Billions For Marijuana Companies
The number of states where recreational weed is legal is growing each year. Top-selling states like California and Michigan have reported $2.1 billion and $1.6 billion, respectively, in recreational cannabis sales for the first half of 2024, as reported by Green Market Report’s Debra Borchardt.
California cannabis supremacy can’t be argued even though many experts have insisted the state’s marijuana market is “on the verge of collapse.” On the other hand, the Golden State is home to the California State Fair at Cal Expo which just recently, for the first time in its 170-year history, allowed on-site cannabis sales and consumption.
Moreover, exciting news that Snoop Dogg is set to open his first licensed cannabis store, S.W.E.D., near Los Angeles International Airport (LAX) made headlines last week. The new shop will no doubt be a cultural hub in Los Angeles, offering top-shelf premium products and services.
Michigan’s Market Is Thriving
Meanwhile, Michigan’s cannabis market is indisputably thriving marked by high-growth brands and a robust market structure, as highlighted by Benzinga’s Nicolás Jose Rodriguez in a recap of a report by Beacon Securities.
That report praised the performance of notable public …