Medicinal and Botanical Manufacturing in Michigan
Revenue benchmarks for medicinal and botanical manufacturing businesses operating in Michigan.
#18 of 50 states-30.2% vs national avg
Average Revenue
$14.7M
per year
Businesses
25
in Michigan
Revenue / Employee
$529K
per year
Labor Cost
18.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.2
firms per 100K in MI
Total Revenue
$366.4M
all firms in MI
Total Employees
692
in MI
How Michigan Compares
National Average$21.0M
Michigan$14.7M
Difference$6.4M (-30.2%)