Cannabis sales down 3% in Michigan

While Michigan cannabis sales rose 76% year over year to $ 148.9 million last month, it was a 3% decrease from April, despite having an extra day. The Michigan Marijuana Regulatory Agency released data on medical cannabis and adult cannabis, with medical cannabis sales down 1.5% year over year to $ 44.5 million, an 8% decrease from the previous month , while adult cannabis sales grew 165.6% to $ 104.4 million, a 1% decrease from the previous month: Michigan breaks down sales by category and provides details of pricing for both medical and adult use. The share of sales of cannabis flower and trim in sales for adult use was 58%, unchanged from March and April, compared with 56% in the previous two months. The prices of flowers for adult use have fallen sharply. Last month, the average price of $ 3,539 a pound fell 10% from April and 46% year over year: Michigan made $ 985 million in cannabis last year. The program should continue to expand this year as offering becomes more available and distribution expands. So far, combined revenue in 2021 is up 142% to $ 661.9 million.