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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by Jimmy713on Dec 27, 2021 2:04pm
164 Views
Post# 34264069

Michigan Cannabis Sales Increase 66% in November

Michigan Cannabis Sales Increase 66% in November

Michigan Cannabis Sales Increase 66% in November to $153 Million

With one less day than October, Michigan cannabis sales fell 6.6% to $152.7 million in November, up 66.1% from a year ago:

The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 14% from a year ago to $31.9 million, down 9% sequentially, and adult-use sales increasing 121% to $120.8 million, down 6% sequentially:

The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:

Medical
Adult-Use

In the larger and more rapidly growing adult-use market, flower and trim sales represented 55% of the market, down from 56% in October, 57% in Q3 and 58% in Q2.

As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In November, the average price of $3051 fell 6.4% from October and fell 49% from a year ago:

Michigan generated $985 million in cannabis sales in 2020, and the program should continue to expand ahead as supply becomes more available and as distribution expands. So far in 2021, year-to-date combined sales are up 84% to $1.63 billion.


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