Michigan cannabis sales rose 2% in September compared to August and increased 31.4% from a year ago to a record $212 million:
The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 54.4% from a year ago to $16.6 million, down 10.0% sequentially, and adult-use sales expanding 56.4% year-over-year to record $195.3 million, up 3.1% sequentially with one less day than in August:
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 September, the average price of $1758 per pound fell 6.0% sequentially and fell 46.1% from a year ago:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and are up 26.8% thus far in 2022 at $1.66 billion. The program should continue to expand ahead as supply becomes more available and as distribution expands.
