Plummeting Michigan Cannabis Prices Are Good News For Consumers But Not For Small Sellers

Cannabis prices are down more than 25% from a year ago

At a time when gas prices, food prices, home prices and more are all going up, there’s one consumer item that’s doing the opposite: cannabis.

The average retail price for an ounce of cannabis at a recreational dispensary dropped to its lowest point in January at $153. Since then, prices have risen slightly to $191 in March, the most recent data available, but that’s still a 25% decrease compared with $255 in March 2021, according to figures from Michigan’s Cannabis Regulatory Agency. 

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Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.


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