Reliable Lighting for Commercial Cannabis Production: Three Disciplines That Ensure Highly Reliable Grow Lights - Get the Free Report

Reliable Lighting for Commercial Cannabis Production: Three Disciplines That Ensure Highly Reliable Grow Lights - Get the Free Report

Demand Soars in Michigan as Flower Prices Dip to $116 Per Ounce | Cannabis Business Times

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Demand Soars in Michigan as Flower Prices Dip to $116 Per Ounce

August adult-use cannabis sales set a record high mark in the state despite the average retail price for flower hitting an all-time low.

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Adobe Stock

September 15, 2022

Michigan’s adult-use cannabis market presented a win-win for retailers and shoppers alike in August. For cultivators and wholesalers? Maybe not so much.

Not only did last month feature a record of $189.4 million in adult-use sales statewide, but customer wallets benefitted from an all-time low price of $116.84 per ounce on average for dried flower, according to data released Sept. 14 from the state’s Cannabis Regulatory Agency (CRA).

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