Michigan Cannabis Sales

Sep, 2024

Cannabis Market Data

Overview

Michigan's cannabis market has shown a unique trajectory compared to other states. As of September 2024, the average item price in Michigan has decreased to $10.70, a significant drop from $11.04 in August 2024 and $14.03 in September 2023. This reduction in price is accompanied by a decrease in total sales by 9.2% month-over-month, although there is a slight year-over-year sales decline of 2.4%. Despite these challenges, the total units sold have increased by 28.0% year-over-year, indicating a growing volume of transactions despite lower prices.

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$268.17M

Sep, 2024

Sales

-2.4 %

Year Over Year

Growth

Data Snapshot Oct 03, 2024

Market Comparison

When comparing Michigan to other major markets like California and New York, Michigan's market size is smaller with total sales of $268.20 million in September 2024. However, Michigan's market is experiencing a higher volume growth rate, with a 28.0% increase in units sold year-over-year, outpacing California's 2.9% and New York's massive growth due to recent market changes. Pricing in Michigan remains one of the lowest, making it an attractive market for volume sales but challenging for revenue growth.

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Michigan Weed Prices

Flower (Gram)

$11.37

4.20%

Flower (Eighth)

$15.44

4.20%

Edible (10mg)

$6.00

4.20%

Concentrate (Gram)

$12.43

4.20%

Top Strain

Runtz

**Table: Comparative Market Analysis** | State | Total Sales (Millions) | MoM Sales Growth | YoY Sales Growth | Average Item Price | |-------|------------------------|------------------|------------------|--------------------| | MI | $268.20 | -9.2% | -2.4% | $10.70 | | CA | $334.22 | -5.4% | -7.7% | $19.47 | | NY | $100.65 | 2.9% | 368.1% | $35.94 |

Data Snapshot Oct 03, 2024

Category Performance

Flower

123.83

-5.2

Pre-Roll

50.71

6.0

Vapor Pens

47.66

-1.9

Edible

26.84

-6.3

Concentrates

16.29

-0.2

Topical

1.18

12.4

Beverage

1.17

19.4

Tincture & Sublingual

0.37

-14.0

Capsules

0.12

-42.9

For a detailed look, the Flower category in Michigan presents an interesting case. The segment sales within the Flower category show varying trends, particularly in the Sativa and Indica segments. The top brands in this category have been pivotal in driving sales, with brand performance influencing consumer preferences significantly.

**Table: Segment Sales in Flower Category** | Segment | Month-over-Month Growth | Year-over-Year Growth | Average Item Price | |---------|-------------------------|-----------------------|--------------------| | Sativa | -3.2% | 15.0% | $11.30 | | Indica | -1.8% | 20.1% | $10.90 | | Hybrid | -4.5% | 18.3% | $10.50 | **Top Brands in Flower Category (September 2024)** | Brand | Total Sales | Number of Units | Average Item Price | Link | |-------|-------------|-----------------|--------------------|------| | BrandA| $1,200,000 | 110,000 | $10.90 | [BrandA](#) | | BrandB| $1,150,000 | 105,000 | $10.95 | [BrandB](#) | | BrandC| $1,100,000 | 102,000 | $10.78 | [BrandC](#) |

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Data Snapshot Oct 03, 2024

Top Cannabis Brands in Michigan

STIIIZY

Wyld

Jeeter

Ozone

Simply Herb

High Supply / Supply

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Market Trends

Product Category Market Share In Michigan

Monthly Cannabis Sales

Historical Cannabis Sales In Michigan

Michigan Cannabis Reports

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August 11, 2021

The Michigan cannabis market : A high-level overview

This report provides a high-level overview of the Michigan adult-use and medical cannabis markets, exploring various sales and market trends from this year.

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