ANN ARBOR - Michigan marijuana prices have fallen to some of the lowest levels in the country, with ounces commonly selling for $90 to $130. In Ohio, similar products often sell for $150 to $220 an ounce. Meanwhile, a multibillion-dollar hemp-derived THC industry has emerged outside the licensed cannabis system. Now that market may be
DETROIT - Sales of state-licensed cannabis products totaled $30.1 billion in 2024, according to data compiled by Vangst Staffing and Whitney Economics. This total represents a 4.5 percent increase year-over-year. Analysts expect sales to top $34 billion in 2025. Certain states – including New York, Mississippi, and Ohio – also experienced a significant increase in full-time cannabis-related job growth
LANSING - The good news is Michigan cannabis sales in January rose from January 2024, but fell from December 2024. Looking at the numbers, January 2025 cannabis sales – including medical marijuana – totaled $247.3 million, up just under 2 percent from January 2024. Medical sales fell by almost 72 percent to just $700,000, down
COLUMBUS, Ohio - Gov. Mike DeWine was, and is, begging the Ohio legislature to rewrite the state laws surrounding recreational cannabis to peel back provisions in Issue 2, the citizen-initiated statute ratified by Ohio voters in November 2023. He's joined by Senate President Matt Huffman (R-Lima). “Getting a consensus on what that action will be,
Michigan’s cannabis market could face significant challenges due to the rapid rise of neighboring Ohio’s marijuana industry. Since recreational sales launched on Aug. 6, Ohio has seen a surge in demand, with shops reporting record-breaking volumes driven by enthusiastic locals and visitors from nearby states. This booming success may pose a threat to Michigan's cannabis
COLUMBUS - More than 100 Ohio medical cannabis dispensaries are on their way to selling recreational marijuana − but they still have a few boxes to check before sales can begin. The Division of Cannabis Control began accepting applications last month from medical marijuana businesses that want to participate in the adult-use market. Ohioans voted last year
SACRAMENTO - In March, Michigan surpassed California in products sold, a report from SFGate contends. While California sold 21.3 million legal marijuana products in March, Michigan passed that with 22 million products sold, according to BDSA’s tally. California is still outselling Michigan on the revenue front, with a total of $1.2 billion in sales for the
LANSING - Michigan cannabis sales in February totaled $261.1 million, up nearly 10 percent from the $242.8 recorded in January. Total includes both adult-use and medical sales. Adult-use sales were $257.9 million, and medical only $2.2 million. For medical cannabis the average ounce sales price was $102.16 and for adult-use $91.94, the Cannabis Regulatory Agency reported.
LANSING - Michigan cannabis sales fell 4.3 percent in October to $262.9 million from $274.7 million in September. Sales peaked at $276.7 million in July. The good news is October sales were up 25.5 percent from October 2022. Looking at the statistical report, medical sales fell 70.7 percent from a year ago to $4.9 million,
DETROIT - In Tuesday’s election, voters in three Michigan cities — Grosse Pointe Park, Keego Harbor, and Rochester — said no to allowing marijuana retailers. In Birmingham, with 67 percent of votes counted, the marijuana proposal likewise was headed for defeat. Like the holdouts in Oak Park, who for decades stuck with the Prohibition era’s
