Michigan hashish retailers bought extra merchandise in 2025 than in any yr for the reason that launch of adult-use gross sales.
Nonetheless, declining costs imply general gross sales income within the nation’s second-biggest market dropped by about $113 million, in accordance with state information.
Hashish shops reported about $3.17 billion in income in 2025, in accordance with the Michigan Hashish Regulatory Company.
Michigan remains to be the second-largest adult-use marijuana market within the nation, behind solely California.
How a lot hashish was bought in Michigan in 2025?
And Michigan hashish retailers bought almost 260,000 extra kilos of marijuana flower final yr than they did in 2024, in accordance with the CRA.
However by December, the typical worth for an oz of flower was $58.22 – 16% decrease than a yr earlier. Costs for vaping merchandise really feel by almost 20% throughout the identical interval.
Worth compression led to retail closures. There have been 838 Michigan marijuana shops open for enterprise in 2025, down from 848 in 2024.
Together with oversupply, some business leaders say license saturation is hurting operators’ backside strains, with some asking for license caps to assist stabilize costs.
What’s one of the simplest ways to repair the Michigan marijuana business?
Robin Schneider of the Michigan Hashish Trade Affiliation instructed MLive.com too many licenses have compelled costs down and put stress on all components of the provision chain.
Michigan permits municipalities to find out whether or not hashish companies can function of their jurisdictions and what number of licenses they may difficulty.
“Limitless cultivation licenses have created oversupply, inflicting wholesale costs to plummet, financially harming companies all the best way down the provision chain,” she stated at an October state Senate Regulatory Affairs Committee listening to on cap laws.
One other change is a brand new 24% tax on hashish wholesalers, which began this month. Some fear this may result in extra enterprise closures and layoffs in an business that helps round 47,000 jobs.
Greater taxes additionally might ship clients again to the unlawful market.
