Article by Nison Co., provided exclusively to Benzinga Cannabis.
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Michigan’s cannabis market strength is such that it could unseat Colorado as the No. 2 state nationally in sales,
Gage, which is based in the Detroit suburb of Ferndale and went public with an April listing on the Canadian Securities Exchange, is focused on Michigan, Monaco told Cheddar cannabis reporter Chloe Aiello during a panel discussion at the virtual, two-day Benzinga conference.
Michigan had a nearly 300,000-strong medical cannabis patient base prior to the Dec. 1, 2019 kickoff of recreational marijuana sales, and Monaco said he knew this would help fuel Gage’s growth as the state’s adult-use market launched.
“We wanted to show the industry how powerful Michigan can be as a market, he said.