Tag: CBT > Michigan Cannabis Regulatory Agency

Michigan

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.

January 13, 2025

California

Michigan Dispensaries Set Monthly Sales Record in August, Closing Gap on California

The Wolverine State’s licensed cannabis facilities broke a single month record for revenue and flower pounds sold.

September 11, 2024

Michigan

Michigan’s Adult-Use Cannabis Sales Up 21% From Last Year

The nation’s second-largest market reported nearly $1.1 billion in sales through the first four months of 2024.

May 15, 2024

Michigan

Michigan CRA Announces 62 Social Equity Licensees Will Share $1 Million From the 2024 Social Equity Grant Program

Michigan’s Cannabis Regulatory Agency notified the social equity licensees that they were each eligible for an equal share of $16,129 from the grant program.

March 11, 2024

Michigan

Michigan Caps Off $3 Billion Year in Cannabis Sales With Record-Breaking December

The state’s licensed dispensaries sold nearly 1 million pounds of cannabis flower in 2023 at an average cost of $92 per ounce to consumers.

January 16, 2024

Michigan

Consumer and Sales Trends in the Second Largest US Cannabis Market

On the four-year anniversary of adult-use sales in Michigan, consumer purchasing trends reveal insights about top brands, product categories, illicit market competition and more.

December 1, 2023

Michigan

Michigan Governor Signs Legislation to Allow Cannabis Compacts Between State, Tribes

A two-bill package signed Oct. 19 will allow tribal cannabis businesses to participate in Michigan’s regulated cannabis market.

October 24, 2023

Michigan

Michigan’s Former Cannabis Board Chair Sentenced to 4.5 Years in Federal Prison for Bribery, ‘Commercial Sex’

Rick Johnson, also Michigan’s ex-House speaker, accepted more than $110,000 in bribe payments, according to U.S. Attorney’s Office.

September 29, 2023

Michigan

Michigan Now on Pace to Become $3-Billion Cannabis Market in 2023

State licensed dispensaries smashed the monthly sales record with $277 million at the register in July as flower prices climbed.

August 11, 2023

Michigan

Michigan Sells Record $250 Million of Cannabis in March, Despite $87 Ounces

The state’s retail market is thriving on record demand for dried flower, vape cartridges, concentrates, edibles and more.

April 12, 2023

Cannabis Price Compression

Michigan's Plummeting Cannabis Prices: A Closer Look

Will Bowden, CEO of Grasshopper Farms, gives an inside look into Michigan's cannabis market and how the company is navigating price compression.

February 14, 2023

Michigan

Michigan Smashes Cannabis Sales Record at $2.3 Billion in 2022

Now the nation’s second largest cannabis market, Michigan’s demand continues to skyrocket as the average flower price sinks to $91 per ounce at retail.

January 19, 2023