News and Information about the Business of Cannabis

Michigan Sold More Marijuana Than Ever In 2025 — And Made Less Money

Jan 20, 2026 | Feature, Great Lakes Region, Michigan

Michigan marijuana sales revenue in 2025 declined for the first time since the market opened in December 2019.

Michigan marijuana retailers collected about $3.17 billion in sales last year, a $113 million dip from the $3.29 billion tallied in 2024, according to compiled Cannabis Regulatory Agency (CRA) monthly reports.

The total number of retailers also shrunk from 848 licenses in December 2024, to 838 at the end of 2025, with a peak of 853 stores in April.

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