First week of recreational marijuana in Michigan nets more than $1.6 million

More than $200,00 in tax revenue generated

Photo does not have a caption

DETROIT – In the first eight days of recreational marijuana sales in Michigan, businesses netted more than $1.6 million.

MORE: Where you can find recreational marijuana in Michigan

Of that amount, more than $200,000 in tax revenue was generated.

State officials estimate that marijuana sales will generate nearly $950 million annually once fully established.

Three of the five shops that were selling recreational marijuana during the first week of legal sales sold out or had limited supplies.