Michigan: As Supply Expands, Cannabis Flower Pricing Continues to Decline

In May, Michigan cannabis sales fell 4% compared to April and increased 25% year-over-year to $186.4 million, reported New Cannabis Ventures.

YoY medical sales fell 47.7% to $23.3 million, down 13.9% sequentially. Meanwhile, adult-use sales grew 56.3% to $163.2 million, down 2.8% sequentially, per data from The Michigan Marijuana Regulatory Agency.