Michigan's February medical marijuana sales dropped 61.5% year-over-year to $10.0 million, while adult-use sales improved 60.1% to $206.4 million.
The data from the Michigan Marijuana Regulatory agency revealed that combined sales improved 4.4% sequentially, while on a per-day basis, they grew 39.8% reported New Cannabis Ventures.
When it comes to sales data by product type in both the medical and recreational programs, cannabis flower generated the most revenue. Medical marijuana flower garnered some $4.78 million, while adult use amassed $99.98 million.
According to the report, the big issue is still a price decline, with the average price of $1282 per pound falling 46.3% from the previous year. More details about cannabis sales in the Great Lake State can be found in NCV’s report.
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