Cannabis Sales: Michigan Holding Steady Near Record High, Missouri Dips Slightly

Recreational cannabis sales in Missouri experienced a minor decline in August, reaching $119 million, while medical sales remained stagnant at $27.3 million.

Despite this dip, recreational sales have consistently outpaced medical sales since February, with the cumulative cannabis sales in the state surpassing $1.47 billion since 2020.

Michigan Cannabis Sales Hold Steady in August, Remaining Near Record High at $276.3 Million

In August, Michigan's cannabis sales maintained their robust position, registering $276.3 million, only a slight dip from the previous record of $276.7 million.

This growth of 32.9% compared to the previous year shows a steady increase, with adult-use sales remaining strong, expanding by 42.9% year-over-year, while medical sales saw a 69.5% decrease, reported Alan Brochstein for NCV.

As the supply continues to increase and pricing adjustments take place, Michigan's cannabis market is poised for further expansion, with sales already up by 36.8% in 2023 compared to the same period in 2022.

The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this September 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.

Imagen de Mohamed Hassan en Pixabay.