Michigan Cannabis Sales Bounced a Bit in October

Michigan cannabis sales for October fell from a year ago as they grew sequentially by 6.5%, which was +3.1% on a per-day basis. At $267.8 million, sales were down 0.3% from a year earlier:

The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 57.7% from a year ago to $0.4 million, up 0.7% sequentially, and adult-use sales decreasing 0.1% year-over-year to $250.9 million, up 6.6% 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 October, the average price of $991 per pound, fell 2.0% sequentially to almost a new record low and declined 16.3% from a year ago:

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 3.7% so far in 2025. The program should continue to expand ahead as supply becomes more available and as distribution expands.