Michigan cannabis sales fell again, for the fifth month in a row, from the same months in 2024. Ironically, Michigan dispensaries sold 17.6 percent more cannabis by weight compared to the same period in 2024.
The dichotomy is due to falling prices and over saturation of the market. The average price for an ounce of flower is $62.90 in June 2025, versus $85.88 in June 2024, and more than $500 when adult-legal sales started in December 2019.
By the numbers, last month dispensaries sold $260.6 million worth of cannabis products, down from $277.4 million the same month in 2024, according to new figures from the state’s Cannabis Regulatory Agency.
From January to June 2025, dispos sold about $1.57 billion in sales, about 4.5 percent less than the $1.65 billion during the first six months of 2024.
In June, dispos sold 592,200 pounds of product, an increae of 13 percent from 524,298 pounds in June 2024. In fact, sales are up in nearly event category tracked by the CRA, lead by flower up 24 percent, concentrates up 20 percent and vape cartridges up 14 percent. The big 3 products tend to lead all categories month after month.
Falling prices are creating casualties even among very large multi-state operators.
For example, earlier this month, TerrAscend announced it was shutting down 20 dispos, four cultivation and processing sites and will lay off hundreds of employees in Michigan. Operations in four other states were not impacted.
Industry insiders worry that small-batch cultivators that produce some of the best flower and concentrates won’t be able to survive much longer and will shut down or be gobbled up by bigger, well healed operations with stronger balance sheets.
However, some of these same small batch cultivator have told Four20 Post that they can produce an ounce of weed for less than $30 and feel they can weather the market consolidation. The question that remains is have Michigan cannabis prices hit rock bottom yet. Only time will tell.
