Michigan Cannabis Sales Continues Monthly Decline In February
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Has Michigan finally hit their peak or will they fix oversupply issues
Michigan cannabis sales continued its monthly decline in February down 4.7 percent for adult-use to $241.3 million, after a January decline to $247.3 million from December sales of $264.7 million. Medical sales fell to just $632,500.
Oversupply continues to drive down prices the Cannabis Regulatory Agency said in its monthly sales report. Earlier this month, Quality Roots of Birmingham opened its first New Jersey dispensary, just the latest in a string of Michigan cannabis companies looking to other states for growth.
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