Michigan cannabis sales increased 27% compared to both March and a year ago to $195.0 million in April:
The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 44.2% from a year ago to $27.0 million, down 15.7% sequentially, and adult-use sales expanding 59.7% to $168.0 million, up 38.6% sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
Medical:
Adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline, which bounced back in March. In April, the average price of $2,128 declined 30.2% sequentially and 45.9% from a year ago:
Michigan cannabis sales expanded 82% in 2021 to $1.79 billion and are up 27.8% thus far in 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.
