Michigan Cannabis Sales Increase 66% in November to $153 Million - Read of Green
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Michigan Cannabis Sales Increase 66% in November to $153 Million

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Source: Marijuana Moment

With one less day than October, Michigan cannabis sales fell 6.6% to $152.7 million in November, up 66.1% from a year ago:

The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 14% from a year ago to $31.9 million, down 9% sequentially, and adult-use sales increasing 121% to $120.8 million, down 6% sequentially:

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

Medical
Adult-Use

In the larger and more rapidly growing adult-use market, flower and trim sales represented 55% of the market, down from 56% in October, 57% in Q3 and 58% in Q2.

As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In November, the average price of $3051 fell 6.4% from October and fell 49% 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. So far in 2021, year-to-date combined sales are up 84% to $1.63 billion.


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