Michigan Now Offers the Lowest Marijuana Prices Per Ounce
- The average cost per ounce of marijuana in Michigan as of December 31 is $69.20, a nearly 30% decrease from the previous year.
- Oregon has an average price per ounce of around $80, while other states such as Massachusetts, Illinois, and Ohio have higher average costs ranging from $130 to $200 per ounce.
- Despite the decrease in prices, Michigan recorded $265 million in marijuana sales in December, pushing the annual total sales above $3 billion.
- Michigan's recreational marijuana law, approved by voters in 2018, allows individuals 21 and older to possess and use marijuana products, leading to the opening of the state's first licensed marijuana store in 2019.
Data released today by the Cannabis Regulatory Agency (CRA) shows that the average cost per ounce of marijuana as of December 31 is $69.20. This is a nearly 30% decrease from just a year ago, when prices were around $98 per ounce.
By comparison, in Oregon, the average price per ounce is around $80 per ounce. In other states, the average cost is often much higher. For example, in Massachusetts, the cost is $130 per ounce, and in Illinois and Ohio it’s around $200.
Despite falling prices, Michigan recorded $265 million in marijuana sales in December, pushing the annual total above $3 billion.
Michigan’s recreational marijuana law was approved by voters in 2018. It allows those 21 and older to possess and use marijuana and a variety of marijuana products such as concentrates and edibles. The state’s first licensed marijuana store opened in 2019.