Charted: Literal growth in Minnesota's cannabis industry
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Minnesota is home to around 66,000 cannabis plants that are growing to supply the state's burgeoning recreational marijuana industry.
Why it matters: You can now keep tabs on the industry thanks to a new online dashboard created by the state's Office of Cannabis Management (OCM).
Between the lines: The state began issuing licenses to growers in June, but it wasn't until the fall that a surge of plantings occurred.
- It typically takes several months to get from seed to harvest, so most of those fall plantings are not ready for stores yet, which is why there's a shortage.
By the numbers: Since the first wave of non-tribal dispensaries opened in September, retail sales surpassed $31 million on 466,000 transactions, as of Dec. 31, per OCM.
Yes, but: It's expensive. According to OCM, the median price of a gram is $13.54, which works out to $48 before tax for a typical 3.5-gram container, roughly equivalent to what black market users call an eighth.