Michigan cannabis sales recovered in March posting $276.95 million in sales, up 14.5% from February, according to newly released data from the Michigan Cannabis Regulatory Agency.
Sales growth occurred in all sales categories, but the biggest gainer was flower. The industry sold 15,000 more pounds of adult-use flower in March, totaling $121.5 million, up nearly 15% from February. Medical marijuana sales plunged to just $655,000.
March Adult Cannabis Sales
March Medical Marijuana Sales
Adult-Use Establishment Licensing
However, Year-over-year sales remain down.
Through the first quarter of 2025, the legal market is trailing last year’s sales by nearly $26.5 million, hinting that the state’s regulated marijuana market may have peaked at $3.3 billion in sales last year, says Green Market Report.
If the sluggish sales continue, the state is on pace to only reach $2.94 billion in products sold – its lowest total since 2022 and the first year-over-year drop since legal sales began in late 2019.
But April sales could boost 2025 sales with the celebration of the stoner holiday called 420, the code word for cannabis friendly. Michigan dispensaries are offering 420 specials, and cannabis enthusiasts typically buy a lot more product than they typically do.
Yet product oversupply remains a major problem The inventory of fresh frozen flower – product that is usually grown outside during the summer months, harvested in October and distributed around the year for infused liquids and edibles – remains historically high, driving down prices.
On March 31, growers and processors had 1.47 million pounds of fresh frozen marijuana flower in inventory.
That’s nearly 10% down from the 1.63 million pounds of fresh frozen on supply at processors and growers in February, but 316% above the 353,587.39 pounds of inventory in March of last year.
And the state continues to issue licenses. The CRA issued 35 prequalifications, mostly for growers, along with nine grower licenses and seven processor licenses in March, but only eight more retail licenses to sell the product.
Read more at Green Market Report