The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 69.5% from a year ago to $5.6 million, down 8.3% sequentially, and adult-use sales expanding 42.9% year-over-year to $270.6 million, unchanged sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In August, the average price of $1507 per pound fell sequentially, dropping 4.5% and falling 19.4% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and were up 27.9% in 2022 at $2.29 billion. So far in 2023, sales have grown 36.8% compared to the first eight months of 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.