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Michigan Cannabis Flower Dips Below $100 an Ounce For First Time | Cannabis Business Times

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Michigan Cannabis Flower Dips Below $100 an Ounce For First Time

The race to the bottom continues in the state’s adult-use market, where flower demand remains on the rise as retail prices hit an all-time low.

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Shannon Price Photography | Adobe Stock

December 14, 2022

The bottom has yet to arrive for flower prices in Michigan’s adult-use cannabis retail market, while consumer demand has yet to hit its peak.

The average retail price for an ounce of adult-use flower hit another all-time low at $95.12 per ounce in November, according to data from the state’s Cannabis Regulatory Agency (CRA). That’s a 50% decrease from the average retail price of $191 last November.

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