Michigan began 2021 with a 7.2% gain in overall cannabis sales, which reached $108.5 million, up 210% from a year ago:
The Michigan Marijuana Regulatory Agency breaks out sales by medical and adult-use, with medical sales improving 63% from a year ago to $41.1 million and adult-use sales soaring 588% to $67.4 million:
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 market, up from 55% last month.
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In January, the average price of $5179 per pound fell 8% from December and 37% from a year ago:
Michigan generated $985 million in cannabis sales in 2020, and the program should continue to expand this year as supply becomes more available and as distribution expands.