The average price of an ounce of cannabis flower in Michigan’s adult-use market has fallen to $73.99, down almost $20 from September, according to data from the state Cannabis Regulatory Agency (CRA). The price marks a steep decline from four years ago when the average price-per-ounce was $287.92.
Meanwhile, the average retail price for flower in the medical cannabis market in October was $92.61.
Adult-use cannabis sales in the state for October topped $267 million led by $116.4 million in flower sales. Vape cartridges were the second most popular products sold in the state ($49.9 million), followed by inhalable concentrate compounds ($39.1 million), edibles ($24 million), shake and trim ($21.3 million), concentrates ($14.7 million), infused liquids ($1.2 million), infused non-edible solids ($630,173), infused non-edible liquids ($128,164), and kief ($28,518), according to the CRA data.
For October, medical cannabis sales in Michigan neared $1 million, totaling $961,844, with flower sales representing about a third of products sold ($329,189), followed by vape cartridges ($306,977), inhalable compound concentrates ($120,176), edibles ($88,481), concentrates ($56,769), shake and trim ($46,338), infused liquids ($9,518), infused solid non-edibles ($4,186), infused liquid non-edibles ($188), and kief ($24), according to the CRA data.
As of October 31, adult-use sales in the state have totaled more than $9.6 billion, while medical cannabis sales have exceeded $1.6 billion.
Get daily cannabis business news updates. Subscribe
Ganjapreneur is made possible by our partners:
