Michigan Cannabis Sales

Dec, 2024

Cannabis Market Data

Overview

Michigan's cannabis market has shown a distinctive trend in the recent data, with a significant increase in unit sales despite a decrease in average item prices and overall sales revenue. In December 2024, the average item price in Michigan dropped to $9.5 from $9.9 in November, marking a 6.7% decrease in sales. However, the total units sold increased by 25.6% year-over-year, indicating a robust volume growth despite the falling prices. This suggests a market that is becoming increasingly competitive and possibly more accessible to a broader range of consumers due to lower prices.

Get More Data

$257.88M

Dec, 2024

Sales

-7.9 %

Year Over Year

Growth

Data Snapshot Jan 03, 2025

Market Comparison

Comparing Michigan to other key markets, it's evident that Michigan's market dynamics are somewhat unique. For instance, New York and Ohio showed substantial year-over-year sales growth rates of 355.1% and 74.4% respectively, which are much higher than Michigan's -7.9%. However, these states also had much higher average item prices, with New York at $35.96 and Ohio at $33.42, compared to Michigan's $9.5. This indicates that Michigan's market might be more mature, focusing on volume growth through more competitive pricing.

Get More Data

Michigan Weed Prices

Flower (Gram)

$7.98

4.20%

Flower (Eighth)

$14.78

4.20%

Edible (10mg)

$5.83

4.20%

Concentrate (Gram)

$11.90

4.20%

Top Strain

Runtz

| State | Avg. Item Price (Dec 2024) | Total Sales (Dec 2024) | YoY Sales Growth | YoY Unit Growth | |-------|----------------------------|-----------------------|------------------|-----------------| | MI | $9.5 | $257.90M | -7.9% | 25.6% | | NY | $35.96 | $126.07M | 355.1% | 399.1% | | OH | $33.42 | $78.60M | 74.4% | 77.8% |

Data Snapshot Jan 03, 2025

Category Performance

Flower

114.56

-11.0

Vapor Pens

48.04

-5.2

Pre-Roll

47.45

-3.2

Edible

27.79

-9.2

Concentrates

17.33

-5.4

Beverage

1.22

23.2

Topical

0.0

Tincture & Sublingual

0.37

-19.6

Capsules

0.12

-7.7

To delve deeper, let's examine the Flower category in Michigan. This category often serves as a good indicator of overall market health and consumer preferences. In December 2024, the Flower category saw a significant decrease in average item price to $17.98 from $19.27 in November, aligning with the broader market trend of falling prices. Despite this, the total sales amounted to $114.56 million, and the total units sold were 6,372,898, showing a year-over-year growth of 25.1% in units. This suggests that while revenue is pressured by price reductions, volume continues to grow, reflecting strong consumer demand.

| Category | Avg. Item Price (Dec 2024) | Total Sales (Dec 2024) | Total Units (Dec 2024) | YoY Unit Growth | |----------|----------------------------|-----------------------|------------------------|-----------------| | Flower | $17.98 | $114.56M | 6,372,898 | 25.1% |

Get More Data

Data Snapshot Jan 03, 2025

Top Cannabis Brands in Michigan

STIIIZY

Wyld

Jeeter

Ozone

High Supply / Supply

Simply Herb

Explore All Brands

Market Trends

Product Category Market Share In Michigan

Monthly Cannabis Sales

Historical Cannabis Sales In Michigan

Michigan Cannabis Reports

Report

November 2, 2022

A deep dive of the Michigan cannabis market

Read Report

Report

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.

Read Report