Michigan Cannabis Sales

Michigan's two-year sales decline of 7.3% stands out among emerging-tier markets, driven almost entirely by relentless price compression rather than weakening consumer interest. The state lost roughly one in fourteen dispensaries over the past year, trimming the count to 781, yet per-store throughput appears to be rising as remaining locations consolidate demand in an increasingly competitive landscape.

24-Month Trend

State	Sales	YoY
California	$340-350M	1.3%
Michigan	$250-260M	4.6%
Florida	$170-180M	1.3%
New York	$150-160M	6.7%
Massachusetts	$150-160M	0.8%

Benchmarking

Market ComparisonApr 2026

Michigan's two-year sales decline of 7.3% stands out among emerging-tier markets, driven almost entirely by relentless price compression rather than weakening consumer interest. The state lost roughly one in fourteen dispensaries over the past year, trimming the count to 781, yet per-store throughput appears to be rising as remaining locations consolidate demand in an increasingly competitive landscape.

24-Month Trend

State	Sales	YoY
California	$340-350M	+1.3%
Michigan	$250-260M	-4.6%
Florida	$170-180M	+1.3%
New York	$150-160M	+6.7%
Massachusetts	$150-160M	+0.8%

Top performing dispensaries in Michigan.

Store	City	Est. Sales
#1 King of Budz - Monroe	Monroe	$2.5-5M
#2 King of Budz - New Buffalo	New Buffalo	$2.5-5M
#3 URB Cannabis - New Buffalo	New Buffalo	$2.5-5M
#4 URB Cannabis - Monroe	Monroe	$2.5-5M
#5 PUFF - Monroe	Monroe	$2.5-5M

Vapes were the lone bright spot in April 2026, edging up 1.1% year over year to capture 21.7% of total sales, while every other major category contracted. Flower still commands the largest share at 39.9% but fell 8.3%, the steepest decline among top segments. Pre-rolls hold 21.1% of the market and slipped 2.7%, while edibles and concentrates each lost ground at rates of 4.6% and 3.6% respectively. Jeeter leads brand visibility across several of these categories as consumers gravitate toward recognized names amid tightening shelf space.

Category	Sales	Avg Price	YoY
#1Flower	$50M+	$24.61	8.3%
#2Vapes	$50M+	$10.89	1.1%
#3Pre-Rolls	$50M+	$6.38	2.7%
#4Edibles	$25-35M	$4.72	4.6%
#5Concentrates	$15-20M	$16.6	3.6%
#6Accessories	$1-2.5M	$7.31	20.1%
#7Topicals	$.5M-1M	$22.85	6.6%
#8Oral	$250-500K	$15.83	14.4%
#9Home-Grow	$250-500K	$24.81	52.6%
#10Cbd	<$250K	$21.46	16.0%