For years, Oregon has had the cheapest prices for legal marijuana, but Michigan now holds that title.
Data released today by the Cannabis Regulatory Agency (CRA) shows that the average cost per ounce of marijuana as of December 31 is $69.20. This is a nearly 30% decrease from just a year ago, when prices were around $98 per ounce.
By comparison, in Oregon, the average price per ounce is around $80 per ounce. In other states, the average cost is often much higher. For example, in Massachusetts, the cost is $130 per ounce, and in Illinois and Ohio it’s around $200.
Despite falling prices, Michigan recorded $265 million in marijuana sales in December, pushing the annual total above $3 billion.
Michigan’s recreational marijuana law was approved by voters in 2018. It allows those 21 and older to possess and use marijuana and a variety of marijuana products such as concentrates and edibles. The state’s first licensed marijuana store opened in 2019.
