A state called Michigan in the US sold a lot of weed in December, more than some other states that have been selling weed for longer. The price of weed went down a lot, but people still bought it. There are many places where you can buy weed legally in Michigan. Some people think this is good news for businesses that sell weed and might make their stocks go up in value. Read from source...

1. The title is misleading and sensationalist. It implies that Michigan cannabis sales are soaring in December while ignoring the fact that they have been steadily increasing since 2020 when adult-use legalization was implemented. A more accurate title would be "Michigan Cannabis Sales Continue to Grow in December, Outperforming Older Markets Like California and Colorado".
2. The article focuses on the revenue generated by cannabis sales but does not provide any context or comparison with other sources of tax revenue for the state of Michigan. For example, it mentions that cannabis taxes are more than any other single source aside from sales and use taxes, income taxes, insurance taxes, and tobacco taxes. However, it does not mention how these tax revenues compare to the overall budget or the costs of regulating and enforcing cannabis laws.
3. The article reports that weed sales soared to $2.8 billion through November 2023, but does not provide any data on the annualized revenue or the growth rate compared to previous years. This makes it difficult to assess the actual impact of cannabis legalization on the state's economy and fiscal situation.
4. The article mentions that the average cost of an ounce of marijuana plummeted to $80.16 in January 2023, a steep decline from over $500 in 2020. However, it does not explain why this price collapse occurred or how it affects the profitability and sustainability of the cannabis industry in Michigan. It also does not discuss the potential implications for consumers, producers, and retailers of cannabis products.
5. The article ends with a blatant advertisement for Benzinga PotProfits, an investment newsletter that claims to uncover the most promising cannabis stocks poised for growth. This is an irrelevant and inappropriate addition to the article, as it has nothing to do with the main topic of Michigan cannabis sales or the quality of the journalism. It also creates a conflict of interest for Benzinga, as it tries to profit from its readers' curiosity by promoting its own services.