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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.

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Michigan’s New 24% Cannabis Wholesale Tax Leads CBT’s Top Stories in October

Michigan Governor Signs 24% Cannabis Wholesale Tax Into Law; Lawsuit Filed

Michigan Lawmakers Pass 24% Cannabis Wholesale Tax, Dealing Devastating Blow to Industry

Detroit Cannabis Grower Surrenders License in Resolution With CRA

Michigan’s New 24% Cannabis Wholesale Tax Leads CBT’s Top Stories in October

The new tax is set to go into effect Jan. 1. Trump’s drug czar nominee’s cannabis policy and the government shutdown also led the top stories this month.

Top10 Oct 2025

Michigan Governor Signs 24% Cannabis Wholesale Tax Into Law; Lawsuit Filed

The Michigan Cannabis Industry Association argues that the new tax alters a voter-approved statute and requires a three-fourths legislative vote.

Michigan Gov. Gretchen Whitmer

Michigan Lawmakers Pass 24% Cannabis Wholesale Tax, Dealing Devastating Blow to Industry

The legislation, which served as an integral pillar to the lawmakers’ budget deal, now heads to Gov. Gretchen Whitmer’s desk.

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Detroit Cannabis Grower Surrenders License in Resolution With CRA

The Michigan Cannabis Regulatory Agency announced that Cherry Industries agreed to permanently surrender its license.

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Special Report: The Downfall of Medical Cannabis in 17 Adult-Use Markets

Medical cannabis patients are increasingly exiting registries as their state programs continue to deteriorate following the launch of adult-use sales.

Special Report Medical Cannabis

Michigan Signs Tribal Cannabis Compact With Bay Mills Indian Community

Michigan’s first tribal-state cannabis compact allows the Upper Peninsula-based tribal nation to participate in the adult-use cannabis market.

TerrAscend Exiting Michigan, Will Sell 4 Cultivation Facilities, 20 Dispensaries

The cannabis company announced the strategic exit to focus on core markets. The net proceeds from its divestitures will be used to pay down debt.

C3 Industries Appoints 4 Strategic Executives to Retail Leadership Team

The multistate cannabis operator is assembling a ‘dream team’ of cannabis retail operators to accelerate the company’s High Profile brand growth.

22 Tips to Conquer Compliance in Cannabis

Five cannabis industry compliance experts offer their tips for compliance success.

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Ascend Wellness Reopens Dispensary in Detroit With ‘Deli-Style’ Experience

The company will host a grand reopening on Feb. 28 for its retail facility in Michigan—its 38th location in the nation.

Ascend Cannabis Top

California Wildfires, Cannabis Rescheduling, Wisconsin Legalization Lead CBT’s Top Stories in January

The natural disaster in California led to supply chain disruptions and confusion, with details about its impact at the forefront of the most-read articles this month.

Top10 January2025 Display

Michigan Eclipses $10 Billion in Adult-Use Cannabis Sales

The Great Lakes State finished 2024 with another record-breaking year, as the average retail price for flower dipped below $70 per ounce.

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