March Sales Top $288M In Another Record-Breaking Month For Michigan Cannabis Industry
Michigan’s cannabis industry achieved a new record in March, with sales soaring to approximately $288.8 million. This figure represents a remarkable 15.7% increase compared to March 2023’s total sales of about $249.7 million.
A Closer Look At Sales Dynamics
According to Michigan’s Cannabis Regulatory Agency statistical report, the dynamics of adult and medical cannabis sales between March 2023 and 2024 underwent notable shifts. Adult-use cannabis sales soared from approximately $239.9 to $286.8 million, marking an impressive yearly growth of nearly 19.6%.
Conversely, medical cannabis sales experienced a drastic downturn, plunging from around $9.8 to $2.1 million, a fall of approximately 79.1%. This stark highlights the growing consumer tilt in preferences towards the adult-use market.
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