Michigan cannabis sales fell 4% compared to April and increased 25% year-over-year to $186.4 million in May:
The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 47.7% from a year ago to $23.3 million, down 13.9% sequentially, and adult-use sales expanding 56.3% to $163.2 million, down 2.8% 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 continues to decline. In May, the average price of $2,090 fell 1.8% sequentially and 41% from a year ago:
Michigan cannabis sales expanded 82% in 2021 to $1.79 billion and are up 27.2% thus far in 2022. The program should continue to expand ahead as supply becomes more available and as distribution expands.