Michigan Reports Cannabis Sales Dip 4% Sequentially in May – New Cannabis Ventures

Michigan cannabis sale it was down 4% from April and up 25% year-on-year to $ 186.4 million in May:

The Michigan Marijuana Regulatory Agency distributes sales for medical and adult use, with medical sales falling 47.7% year-over-year to $ 23.3 million, 13.9 million % less sequentially, and adult sales grow 56.3% up to $ 163.2 million, down 2.8% sequentially:

The state distributes sales by category and provides pricing details by category for both medical and adult use.

Medicine:

Use for adults:

As supply continues to grow, the price of flowers 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 increased 82% in 2021 to $ 1.79 billion and have increased 27.2% so far in 2022. The program is expected to continue to expand as supply becomes more available and distribution is expanded.

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