In May those 21 and older in Michigan purchased $245 million worth of legal marijuana and marijuana products.
According to data released by Michigan’s Cannabis Regulatory Agency, in total legal marijuana stores in Michigan sold $245,919,258.96 worth of product in May. There was $238,867,535 in recreational marijuana sold, and $7,051,723.96 worth of medical marijuana.
The $245 million sold is a very slight decrease from the $246,054,243 sold in April and is $4 million shy of the $249 million sold in March (which remains the monthly record).
Legal recreational marijuana sales to date for Michigan now stand at $5.04 billion since the start of legal sales in December, 2019. When you account for medical marijuana sales during that period, total sales are above $6.3 billion.
The current average cost per ounce of recreational marijuana is $90.64, a nearly $3 increase from the $87.60 in April. For medical marijuana, the average cost is $96.41, a $2.29 increase over April’s average of
Michigan voters legalized marijuana in November, 2018. The law allows those 21 and older to possess up to 2.5 ounces of marijuana and up to 15 grams of concentrate. The first recreational marijuana retail outlet opened in December, 2019.
The Cannabis Regulatory Agency’s full monthly report for May can be found by clicking here.
