Michigan hashish retailers offered extra merchandise in 2025 than in any 12 months because the launch of adult-use gross sales.
Nonetheless, declining costs imply total gross sales income within the nation’s second-biggest market dropped by about $113 million, in accordance with state knowledge.
Hashish shops reported about $3.17 billion in income in 2025, in accordance with the Michigan Hashish Regulatory Company.
Michigan continues to be the second-largest adult-use marijuana market within the nation, behind solely California.
How a lot hashish was offered in Michigan in 2025?
And Michigan hashish retailers offered almost 260,000 extra kilos of marijuana flower final 12 months than they did in 2024, in accordance with the CRA.
However by December, the typical value for an oz. of flower was $58.22 – 16% decrease than a 12 months earlier. Costs for vaping merchandise really feel by almost 20% throughout the identical interval.
Value 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 traces, with some asking for license caps to assist stabilize costs.
What’s the easiest way 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 strain 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 challenge.
“Limitless cultivation licenses have created oversupply, inflicting wholesale costs to plummet, financially harming companies all the way in which down the provision chain,” she mentioned 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 may ship prospects again to the unlawful market.
