Another Rough Month in Michigan
- Michigan cannabis sales for February 2025 fell by 2.4% sequentially, reaching $241.3 million, a 7.6% decrease from the previous year.
- Medical sales dropped by 71.1% to $0.6 million, while adult-use sales decreased by 4.7% to $246.6 million year-over-year.
- Average flower pricing for adult-use dropped by 29.1% from a year ago to $1043 per pound.
- Despite the February decline, Michigan's cannabis sales have been steadily increasing in recent years, with a 7.6% growth to $3.29 billion in 2024.
Michigan cannabis sales for February fell from a year ago and fell sequentially by 2.4%, which was up on a per-day basis. At $241.3 million, sales were down 7.6% from a year earlier:
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 71.1% from a year ago to $0.6 million, down 11.3% sequentially, and adult-use sales decreasing 4.7% year-over-year to $246.6 million, flat sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In February, the average price of $1043 per pound fell sequentially by 2.0% and declined 29.1% from a year ago to a new low:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion, 27.9% in 2022 to $2.29 billion and 33.3% to $3.06 billion in 2023. In 2024, they grew by 7.6% to $3.29 billion, and they are down 3.0% so far in 2025. The program should continue to expand ahead as supply becomes more available and as distribution expands.