It’s been a great year for Michigan marijuana customers, who are paying less than ever for increasingly potent cannabis.
As of November, the average retail cost for an ounce of marijuana had dropped to a record low of $95 with some strains dipping to near $60 an ounce in retail stores.
It’s also been a healthy year for the industry as a whole. Retail Michigan marijuana sales are currently on track to surpass $2 billion in annual revenue by year end.
But the year has presented struggles for others, including businesses facing shrinking profit margins as prices plummet and state regulators engaged in a seemingly insurmountable battle with the long entrenched black market.
Here’s a look back at highlights from the year in Michigan marijuana with a glimpse forward to 2023.
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