Based on the size of the state of Colorado and its consumption and sale of legalized marijuana, Craig Thiel, senior researcher for the Citizens Research Council of Michigan believes Michigan could represent a $1.5 billion pot market.
"It's logical to think that Michigan's market would be about 500,000 pounds of marijuana," Thiel said today, adding the price is $200 per ounce in Colorado. "That's at least a $1.5 billion market."
Thiel made his remarks during a Public Policy Insight Luncheon sponsored by MIRS, the Citizens Research Council of Michigan and the Michigan Chamber of Commerce Foundation.
For the full article, see "Does Michigan Have A $1.5B Appetite For Pot?", Inside MIRS Today, November 12, 2015.
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