Michigan Marijuana Sales Hit Another Record High, Reaching $277 Million In July

Michigan marijuana sales reached yet another record high in July, with nearly $277 million worth of cannabis sold.

Adult-use marijuana purchases accounted for the majority of the total, at $270,603,217. Medical marijuana sales were at $6,143,046.  This beats the prior record set in June by more than $16 million.

Most of the cannabis purchases came from flower, followed by vape cartridges and infused edibles, the Michigan Cannabis Regulatory Agency (CRA) data, first reported by New Cannabis Ventures, shows.

The state is seeing these consistent record-setting sales even as the average cost of marijuana has remained at record lows, with the price of an ounce for adult-use cannabis now hovering around $98. In December 2021, by contrast, the cost of an ounce was about $180. The average ounce for medical marijuana last month sold for $102.

While the state’s cannabis market has continued to mature, businesses still face challenges under federal prohibition, including a lack of access to traditional financial services that has created a cash-intensive industry that is uniquely targeted by crime.

Meanwhile, former Michigan House Speaker Rick Johnson (R), who went on to chair the state’s Marijuana Licensing Board, caught headlines in April after a federal prosecutor charged him for allegedly taking bribes in exchange

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