Michigan Cannabis Market Analysis | Price Trends 2019-2026

This study presents a comprehensive longitudinal analysis of Michigan's legal Cannabis market from its inception in October 2019 to the present, based on data from the Michigan Cannabis Regulatory Agency. The analysis reveals a significant market transformation characterized by a drastic price collapse in both the adult-use and medical sectors. Despite this severe price compression, the overall market has demonstrated sustained growth in total sales, indicating a shift towards a volume-driven revenue model. Market analysis indicates the adult-use sector has effectively cannibalized the medical market, absorbing nearly all consumer demand and rendering distinct pricing comparisons increasingly obsolete. Flower remains the dominant product category, consistently accounting for the largest share of total market revenue.