Michigan marijuana retailers bought $295,412,252 price of medical and leisure hashish in August, setting a brand new month-to-month file.
The earlier file was set in March, when complete gross sales hit $288,843,279, in response to MJBizDaily’s evaluation of the most recent information launched by the Michigan Hashish Regulatory Company (CRA).
Gross sales in August have been up 2.7% over July, when retailers reported $287,743,072 in complete gross sales.
Medical marijuana gross sales accounted for lower than 1% of complete regulated hashish gross sales in August, in response to MJBizDaily evaluation.
August marked the third-consecutive month of accelerating gross sales within the state.
Michigan retailers in August additionally broke a month-to-month file for promoting 100,894 kilos of flower, Hashish Enterprise Occasions reported.
In the meantime, the common worth per ounce of flower was $80.14, a near-record low.
Marijuana gross sales figures have been up practically 7% 12 months over 12 months; in August 2023, retailers tallied $276,262,397 in adult-use and MMJ gross sales.
Michigan’s regulated marijuana market is on tempo to eclipse $3.3 billion in gross sales in 2024, beating final 12 months’s file of $3.06 billion.