LANSING – Michigan cannabis sales in May rose by $1.1 million from April to To $279.6 million, an increase of 13.7% from May 2023. Medical sales only accounted for $1.6 million.
The Cannabis Regulatory Agency reported flower made up $124.3 million of adult-use sales in May, up from $124.1 million in April down 77.2% from a year ago.
Vape cartridges followed at $52 million (up from $51.8 million) and inhalable concentrate at $36.1 million (up from $35.8 million). Infused edibles also had a strong showing with $25.4 million in recreational sales, down slightly from $25.6 million in April.
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In April, the average price of $1410 per pound rose sequentially, growing 1.8% but declining 2.7% from a year ago:
On the medical side, flower sales totaled $592,671 in May, down from $708,690 in April. Vape cartridges followed at $494,908 (down from $557,104) and infused edibles at $161,830 (down from $178,141).
The Michigan market had 2,227 active adult-use cannabis business licenses at the end of May, up from 2,206 in April. This included:
- 811 retailers (up from 793)
- 846 Class C growers (up from 842)
- 265 processors (down from 266)
- 305 other license types
Active medical licenses increased from 1,440 in April to 1,764 in May.
Michigan’s adult-use market has now generated more than $8.28 billion in total sales since launching in late 2019. The medical market, which began in 2018, reached $1.61 billion in historical sales.
