The Michigan Cannabis Industry’s 2021 trend of demolishing 2020 sales numbers continued unabated in December as the state recorded just under $168 million dollars in total sales, the second highest monthly total of the year. The state ended the year with just over $481,000 in medical sales & 1.3 million in recreational sales for a grand total of $1,793,177,277 in total marijuana sales for the year.
“It’s good to note that the new high is not because of increasing prices. In fact, prices in medical and adult-use continue to drop, month over month, and year over year,” Michigan Marijuana Regulatory Agency (MRA) Director Andrew Brisbo noted on Twitter. While the December 2020 recreational price was $350 per ounce & medical was $265/oz, December 2021 prices declined to $185/oz for recreational & $175/oz for medical.
The dramatic decrease in price for recreational cannabis is likely a major driver for the continued decline of medical sales in 2021, but the fact that there were just 47 recreational provisioning center licenses in December 2020 compared to 458 licenses* at the end of December 2021 is definitely a big factor.
In terms of product sold through the adult use market, flower was the clear king in December with a whopping 46% of total sales followed by vape cartridges with 27% and edibles at 12%. You can contrast that with the December 2020 top three of flower (51%), edibles (19%), and vape cartridges (18%).
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*NOTE: not all active provisioning center licenses are operational
December 2021 sales numbers are in and it marked another new high for the adult-use industry with just over $135 million in sales. Medical was nearly $33 million.
Here are the final 2021 sales numbers:
Adult-use = $1,311,951,737
Medical = $481,225,540
Total = $1,793,177,278 pic.twitter.com/gy1DVVxTys