Michigan’s September cannabis sales improved 52.5% from the same period last year, hitting $161.4 million, which was 2.5% lower than in August, reported New Cannabis Ventures.
Out of a total of $161.4 million, according to the Michigan Marijuana Regulatory Agency, medical cannabis sales accounted for $36.5 million, down by 20.9% year-over-year, and 9% from the previous months. Adult-use sales accounted for $124.9 million, improving 109% year-over-year.
By category, flower brought in the most money in recreational sales – $61.16 million, followed by vape cartridges, which grossed $25.92 million and infused edibles with $16.7 million.
With more and more supply options, the price of flower continues to fall; it dropped 46% from the same period in 2020.
To read more, click on https://www.benzinga.com/markets/cannabis/21/10/23319144/michigan-cannabis-sales-still-up-there-september-earnings-reach-161-4m