Michigan Dispensaries Ruin $3 Billion Annual Gross sales Report, 103K Kilos Per thirty days Flower Report

Michigan’s approved dispensaries are promoting extra hashish flower than ever regardless of neighboring Ohio just lately launching adult-use gross sales previous this yr.

The Wolverine State’s shops offered 103,129 kilos of adult-use hashish flower in November, breaking a per thirty days report of 100,894 kilos from August, in step with the Michigan Hashish Regulatory Company (CRA). That doesn’t come with the 30,800 kilos of shake/time offered in November.

Dispensary ledgers benefited from each August and November 2024 having 5 Fridays and 5 Saturdays, usually the 2 highest-yielding gross sales days of the week for hashish shops.

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Alternatively, August nonetheless holds Michigan’s per thirty days report for $295.4 million in dispensary gross sales—in comparison to $276.4 million in November gross sales—as a result of costs for hashish merchandise proceed to fall. The typical value for 1 ounce of hashish flower fell from $80.14 in August to an rock bottom of $71.80 in November, in step with the CRA.

Even supposing neighboring Ohio introduced adult-use gross sales in August, the Buckeye State’s reasonable price of more or less $210 according to ounce for hashish flower stays more or less triple that of Michigan’s, in step with the Ohio Department of Hashish Regulate. This is a trademark that many would-be Ohio spenders who are living inside of cheap riding distance are nonetheless crossing the border to make their purchases in Michigan.

With November within the books, Michigan’s dispensaries have now offered greater than $3 billion in adult-use hashish for the yr with December numbers nonetheless to be configured—an annual report within the five-year historical past of this system.

Michigan recorded $2.98 billion in adult-use gross sales in 2023, with $80 million in clinical gross sales pushing the whole overall to $3.06 billion, in step with the CRA.

Since adult-use gross sales introduced in December 2019, Michigan’s dispensaries have reported $9.85 billion in cumulative adult-use transactions and $1.33 billion in clinical hashish transactions for a blended overall of just about $11.2 billion in gross sales—representing the country’s second-largest marketplace after California.

Michigan stays on tempo to eclipse $3.3 billion in hashish gross sales in 2024, whilst California—having 4 occasions the inhabitants—is on tempo to report simply shy of $4.7 billion in gross sales.