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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