Michigan recreational marijuana sales in April — a month that includes the annual marijuana holiday 4/20 — fell compared with March as the price of cannabis continues to plummet.
Total sales of recreational marijuana products in Michigan dropped in April to $270 million, down from $276 million the month prior, according to the latest monthly report from Michigan's Cannabis Regulatory Agency released on May 13. In April 2024, consumers purchased $277 million in recreational marijuana products.
However, by volume, consumers purchased more cannabis products in April compared with March and April 2024, but the average retail price for an ounce of recreational marijuana flower continues to drop, resulting in lower total sales. The price dropped to $62.23 last month, down from $65.14 in March and $86.61 in April 2024.
April marks the start of a typically busier period for Michigan's cannabis industry, which sees a boost in sales from the 4/20 holiday and from summer tourism in Michigan.
Read more at The Detroit Free Press