Michigan cannabis sales fell 1.2% in October compared to September and increased 28.1% from a year ago to $209.4 million:
The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 57.2% from a year ago to $15.1 million, down 9.4% sequentially, and adult-use sales expanding 51.4% year-over-year to $194.4 million, down 0.5% sequentially with one more day than in September:
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 $1642 per pound fell 6.6% sequentially and fell 49.6% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and are up 26.9% thus far in 2022 at $1.87 billion. The program should continue to expand ahead as supply becomes more available and as distribution expands.