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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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.

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Michigan Eclipses $10 Billion in Adult-Use Cannabis Sales

How Much Does an Ounce of Cannabis Flower Cost Entering 2025?

Michigan Dispensaries Break $3 Billion Annual Sales Record, 103K Pounds Monthly Flower Record

Eaze, Green Dragon to Reopen 70 Locations With $10 Million in Series B Funding

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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How Much Does an Ounce of Cannabis Flower Cost Entering 2025?

Depending on location and market maturity, some state dispensaries charge more than quadruple the price of others on average.

Average Cost 2025

Michigan Dispensaries Break $3 Billion Annual Sales Record, 103K Pounds Monthly Flower Record

The records come as the state’s average retail price per ounce dropped to another all-time low in November.

Michigan Sales Trends

Eaze, Green Dragon to Reopen 70 Locations With $10 Million in Series B Funding

The investment will allow 57 dispensaries, 11 delivery hubs and two production facilities to reopen in California, Colorado, Florida and Michigan.

Delivery Network

2-Day Public Auction Sale of Skymint, One of Michigan’s Largest Cannabis Producers

The auction offers a comprehensive range of cannabis cultivation, production, lab, test and warehouse equipment.

Skymint Auction

21 States With the Highest, Lowest Cannabis Sales Per Dispensary

With only seven dispensaries, Rhode Island tops the list with nearly $17 million in annual sales revenue per store. But that will soon change.

Mj Nuggets

11 States Projected to Be Billion-Dollar Cannabis Markets in 2024

Maryland will be the newest state to join the 10-figure club this year, while three other states are expected to come just shy of the sales mark.

Adobe Stock

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.

Adobe Stock

Agrify Corp., Nature’s Miracle Terminate Planned Merger Under Mutual Agreement

The termination marks a U-turn from a signed definitive agreement announced just four days earlier.

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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.

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Going Vertical: Calyxeum, Black Women-Owned and Operated Michigan Cannabis Cultivator and Processor, Set to Open New Dispensary in Detroit on 4/20

Detroit-based cannabis cultivator and processor Calyxeum is set to open its first retail dispensary in Detroit on April 20. The company has partnered with renowned Michigan cannabis retailer Moses Roses to unveil Moses Roses Powered By Calyxeum.

Calyxeum CEO Rebecca Colett (left) and Calyxeum COO LaToyia Rucker (right) are co-owners of Detroit’s newest dispensary, Moses Roses Powered By Calyxeum.

Michigan

Municipal Optouts Topstory3 Michigan

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