COVID-19 is Affecting Michigan's Legal Cannabis Sales
COVID-19 is Affecting Michigan's Legal Cannabis Sales
In November 2018, Michigan voters approved legalizing marijuana for recreational use for anyone 21 and older, and since that time, 84 sites have applied for licensing. Thus far, the state has seen nearly $8 million in revenues. Now, COVID-19 is drastically impacting the market, in both positive and negative ways. Michigan legal cannabis sales jumped from to $5.7 million the week Governor Gretchen Whitmer announced that many businesses would be temporarily closed. Michiganders rushed to local shops to stock up. However, when the shelter in place order was executed, the sales for the week dropped by more than $1.2 million, the largest weekly drop in sales.“We were seeing the same hoarding behavior that we saw happening in grocery stores,” said Mike Elias, the CEO of Common Citizen, which owns marijuana shops in Battle Creek, Detroit and Flint, as well as a grow operation in Marshall, of the original spike in revenue. “People were buying in mass quantities.”Doug Hellyar, president of the Lume Cannabis Company, said, “The day before the stay-at-home order went into effect, we had the largest single sales day since Lume has been in business. Immediately after the order, people had stocked up and the demand has declined significantly.”
Photo by Wesley Gibbs on Unsplash
Sources:
How Michigan’s stay home order is impacting legal weed salesSales spike at Michigan pot shops amid COVID-19 pandemic
About Sara E. Teller
Sara is a credited freelance writer, editor, contributor, and essayist, as well as a novelist and poet with nearly twenty years of experience. A seasoned publishing professional, she's worked for newspapers, magazines and book publishers in content digitization, editorial, acquisitions and intellectual property. Sara has been an invited speaker at a Careers in Publishing & Authorship event at Michigan State University and a Reading and Writing Instructor at Sylvan Learning Center. She has an MBA degree with a concentration in Marketing and an MA in Clinical Mental Health Counseling, graduating with a 4.2/4.0 GPA. She is also a member of Chi Sigma Iota and a 2020 recipient of the Donald D. Davis scholarship recognizing social responsibility. Sara is certified in children's book writing, HTML coding and social media marketing. Her fifth book, PTSD: Healing from the Inside Out, was released in September 2019 and is available on Amazon. You can find her others books there, too, including Narcissistic Abuse: A Survival Guide, released in December 2017.