Michigan Cannabis Sales Declines 1% Sequentially in August

A new report from the Michigan Marijuana Regulatory Agency showed that the state's cannabis sales "slipped 1% compared to July and increased 26% year-over-year to $207.9 million in August."

The agency, which broke down sales by medical and adult use, stated in its report that "with medical sales falling 53.9% from a year ago to $18.5 million, down 12.4% sequentially, and adult-use sales expanding 50.9% year-over-year to a record $189.4 million, up 0.3% sequentially."

According to New Cannabis Ventures, Michigan “breaks out sales by category and provides pricing detail by category, for both medical and recreational use.”

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Image by New Cannabis Ventures

Additionally, as supply continues to expand, recreational cannabis pricing has seen a 'dramatic' decline. In August, the average price of $1869 per pound fell 3.9% sequentially and fell 47.5% from a year ago. "Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion and are up 26.1% thus far in 2022 at $1.45 billion," concluded the report.

Michigan marijuana grows and small …

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