Michigan Monthly Sales Tracker

05/14/21 11:18AM EDT

Michigan Monthly Sales Tracker

Overall sales in Michigan broke a 2021 record. Sales were $154 Million, up 5.4% sequentially and 149% YoY. April sales for Adult-Use hit an all time high. They were up to $105 Million, up 7.8% sequentially and 277% YoY. Even with Adult-Use growing at such a fast pace, Medical still had an increasing month up to $48 Million for April. 

The subcategory with the fastest growing sales is Shake/Trim followed by Flower. Sales of Shake/Trim is up 435% YoY and Flower sales are up 171%.

The annual run rate for both medical and adult-use is $1.84 Billion. 

The companies with the largest footprints in MI are Gage Growth, Ascend Wellness, Cansortium, and 4Front Ventures. 

Michigan Monthly Sales Tracker - michigan

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.