Michigan Cannabis Sales

Michigan's cannabis market has shown a complex pattern of growth and pricing dynamics over the past two years. As of May 2025, the average item price in Michigan was $8.81, a decrease from $9.07 in April 2025, reflecting a broader trend of price compression in the state. Despite this, total sales reached $266.58 million in May 2025, though this represents a slight month-over-month decrease of 1.3%. Year-over-year growth also declined by 4.7%, indicating some challenges in market expansion. However, the total units sold increased by 27.0% compared to the previous year, suggesting a growing consumer base that is purchasing more units at lower prices.

The past 24 months have seen fluctuations in sales, with notable peaks and troughs. For instance, sales spiked in March 2024, reaching nearly $289 million, but saw a significant drop in January 2025 to $247 million. These variations highlight the market's sensitivity to external factors and consumer behavior changes, which could be influenced by regulatory adjustments, market saturation, or shifts in consumer preferences.