LANSING – Michigan marijuana sales remained flat in June, although sales were up 6.9 percent from June 2023. Michigan marijuana dispensaries sold $278.8 million in adult legal and medical products last month, the Cannabis Regulatory Agency reported Monday, down from $279.6 million in May and up slightly from $278.5 million in April.
But overall sales were up 6.9% from June last year, when sales hit $260.7 million, the slowest annual growth rate in two years. Medical cannabis sales dropped 78.4% year-over-year, while recreational sales are up 9.1%.
Adult-use cannabis sales accounted for $277 million in sales for June, while medical cannabis sales were just $1.4 million.
Cannabis flower totaled $123.4 million in recreational sales for June, compared to second-place vape cartridges, which accounted for $52 million last month. A pound of flower in June sold for $1,384, down 1.9 percent from May and down 3.1 percent from June 2023.
Read full report at CRA
The post Michigan Marijuana Sales Remain Flat In June For 3rd Straight Month appeared first on MITechNews.