Michigan cannabis sales for November fell from a year ago as they fell sequentially by 3.0%, which was +0.2% on a per-day basis. At $259.7 million, sales were down 6.0% from a year earlier:
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 58.1% from a year ago to $0.4 million, down 9.7% sequentially, and adult-use sales decreasing 5.9% year-over-year to $250.9 million, down 3.0% 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 October, the average price of $957 per pound, fell 3.4% sequentially to a new record low and declined 16.8% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion, 27.9% in 2022 to $2.29 billion and 33.3% to $3.06 billion in 2023. In 2024, they grew by 7.6% to $3.29 billion, and they are down 3.9% so far in 2025. The program should continue to expand ahead as supply becomes more available and as distribution expands.
