Michigan's adult-use weed retailers broke new ground in April, with sales totaling more than $200 million. This figure easily eclipses the previous record of around $168 million set in March, and it highlights the continued demand for legal weed in Michigan.
Michigan set a new monthly sales record for marijuana products in April 2022 with nearly $195,000,000 in total sales.— Andrew Brisbo (@AndrewBrisbo) May 10, 2022
Compared to April 2021:
– Medical marijuana sales were down 44% (from $48M to $27M)
– Adult-use marijuana sales were up 60% (from $105M to $168M)
With medical marijuana dispensaries also racking up around $27 million in sales last month, the total for April comes to just under $195 million. This is yet another sign that Michigan's cannabis market is thriving and showing no signs of slowing down.
Interestingly, average retail prices for flower (ounces) dropped from $203.91 in April 2021 to $123.54 last month. This could be due to a number of factors, including increased competition and a growing supply of legal weed in Michigan. Whatever the reason, it's good news for consumers who are now able to get their hands on quality cannabis at more affordable prices.
Looking ahead, it will be interesting to see if Michigan's weed sales can continue to climb at such a rapid pace. With more and more people becoming aware of the benefits of cannabis and the state's industry continuing to grow, it seems likely that Michigan will continue to break its own records in the months and years to come.