5 articles tagged with "Michigan"
BusinessMichigan cannabis sales fell 8.3% year-over-year to $226.8 million in January, with medical sales collapsing to just $0.4 million as market oversupply and economic pressures weigh on the industry.
BusinessMichigan dispensaries sold record cannabis volume in 2025 but revenue fell $113M to $3.17B as price compression outpaced increased sales, marking the market's first year-over-year decline.
BusinessMichigan cannabis dispensaries sold record volumes in 2024 but revenue dropped $113M to $3.17B as oversupply drove prices down across the state's maturing market.
LegislationMichigan lawmakers are reviewing a bill to create a state-run cannabis reference lab that would audit private testing facilities, addressing safety and standardization concerns in the state's $3 billion market.
Industry NewsMichigan's cannabis sales increased in December, up 3.8% sequentially. However, medical sales plummeted by 50.2%, shifting focus to adult-use markets.
