Michigan Cannabis Sales End 2021 With a Strong December - Read of Green
Connect with us


Michigan Cannabis Sales End 2021 With a Strong December



Source: Marijuana Moment

With one more day than in November, Michigan cannabis sales increased 10% to $168 million in December, up 66% from a year ago:

The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 17% from a year ago to $32.9 million, up 3% sequentially, and adult-use sales increasing 119% to a record $135 million, up 12% sequentially:

The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:


In the larger and more rapidly growing adult-use market, flower and trim sales represented 56% of the overall market, consistent with the prior two months but lower than the 57% in Q3 and 58% in Q2.

As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In December, the average price of $2958 per pound fell 3% from November and fell 47% from a year ago:

Michigan generated $985 million in cannabis sales in 2020, and the program should continue to expand ahead as supply becomes more available and as distribution expands. In 2021, year-to-date combined sales were up 82% to $1.79 billion.


Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.