Combined cannabis sales in Michigan reached a new record in July, totaling $275 million, according to Cannabis Regulatory Agency (CRA) data. Adult-use sales in July topped $270 million – a 43.3% increase from June 2022.
The total puts cannabis sales in Michigan on pace for $3 billion this year. If it reaches that goal, Michigan would join California as the only states to net $3 billion in annual cannabis sales, according to MI Tech News. Through July, adult-use sales in the state neared $1.6 billion, according to CRA data.
Through the first seven months of the year, Michigan’s dispensaries sold more than 571,000 pounds of cannabis flower, combined for adult and medical use. The total represents a 107% increase from the approximately 276,000 pounds sold during the first seven months of 2022, according to the CRA data.
Through July, cannabis sales by month averaged $243.3 million.
Flower comprised the bulk of adult-use sales in Michigan last month, topping $126,000, followed by vape cartridges ($51.8 million), infused edibles ($27.3 million), inhalable compound concentrates ($24.7 million), shake and trim ($23.4 million), and concentrates ($15.1 million).
As of July 31, Michigan has 2,080 active cannabis licensees, including 704 adult-use cannabis retailers. Michigan legalized cannabis for adult-use in 2018.
Get daily cannabis business news updates. Subscribe
End
