Since voters passed Michigan’s adult-use cannabis initiative in 2018, the local cannabis industry has seen growth across nearly every category. Several new retail chains are being built from the ground up to service the current medical market as the state transitions toward the start of adult-use sales.
Michigan Supply & Provisions in October finished its first location in Morenci, a small city on the Ohio state line. The store is the first of seven locations the company plans to open across the state by 2020.
“Morenci represents a great start for our brand,” general manager Coleman LaBarr said in a press release. “We have plans for growth that will provide the access and experience that patients living in Michigan deserve.”
Lume Cannabis Co. also finished its first retail store this October in Kalamazoo. Lume CEO Dave Morrow said in a press release that the Kalamazoo location is the first of 100 stores the company plans to open during the next five years.
Meanwhile, Common Citizen, the retail brand of the state’s largest license-holder, Michigan Pure Med, opened a dispensary in Battle Creek, its second in the state.
The arrival of the regulated cannabis industry is setting up to become an economic boon for Michigan residents. Projections from the state’s Senate Fiscal Agency estimate annual revenue to be $262 million by 2022; VS Strategies estimates tax revenue for the first year of adult-use sales to reach $53.7 million.
At the time of this report, Glassdoor.com lists 127 cannabis job openings in Michigan, while Indeed.com lists 144. The listings include positions for retail sales associates, brand managers, laboratory directors and operations directors. Stores like Michigan Supply & Provision estimates that they will create hundreds of new full-time and part-time positions during the next year.