{"id":509,"date":"2022-03-08T21:29:46","date_gmt":"2022-03-08T21:29:46","guid":{"rendered":"https:\/\/www.apextrading.com\/blog\/?p=509"},"modified":"2022-03-08T21:29:46","modified_gmt":"2022-03-08T21:29:46","slug":"michigan-wholesale-cannabis-prices-drop-as-supply-increases","status":"publish","type":"post","link":"https:\/\/temp.apextrading.com\/blog\/2022\/03\/08\/michigan-wholesale-cannabis-prices-drop-as-supply-increases\/","title":{"rendered":"Michigan Wholesale Cannabis Prices Drop as Supply Increases"},"content":{"rendered":"

Our friends over at Cannabis Benchmarks posted a great article today looking at the Michigan Marijuana Regulatory Agency\u2019s (MRA) report detailing cannabis sales, licensing and production data for the state\u2019s medical and adult use markets. <\/span>
\n<\/span>
\n<\/span>Cannabis Benchmarks does a great job of parsing out the data in easy-to-consume chunks. Here are few highlights:<\/p>\n

<\/span>–\u00a0Average daily sales fell to $4 million in January from $4.4 million in December 2021 but are up 46% year-on-year from $2.2 million in January 2021.<\/em><\/p>\n

–\u00a0Retail flower sales volume jumped 15.6% in January 2022, after rising 15% in December 2021, even as sales revenue fell by 5.5%<\/em><\/p>\n

–\u00a0Vegetative plant count fell 4.3% month-on-month in January and flowering plant count rose by 7.4%.<\/em><\/p>\n

And, here\u2019s the beginning of their article:<\/span>
\n<\/span>Adult use sales have fallen in two of the past three months, likely due in part to cratering Michigan cannabis prices and exacerbated in the past month by post-holiday demand slippage. Michigan has no state-level license cap, saw the first significant outdoor crop hit the market beginning in Q4 last year, and has seen aggressive price-cutting by newly licensed growers, all of which are weighing on price and monthly sales figures. Read more<\/a>.<\/p>\n

If you\u2019re a cultivator, extractor, edibles manufacture, genetics house, wholesale cannabis distributor or cannabis retailer\/dispensary and would like to learn how Apex Trading is helping the industry reduce costs and streamline ops with inventory, order and sales management,\u00a0please request a demo here<\/a>\u00a0or shoot us an email at\u00a0sales@apextrading.com<\/a><\/span>
\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Our friends over at Cannabis Benchmarks posted a great article today looking at the Michigan Marijuana Regulatory Agency\u2019s (MRA) report detailing cannabis sales, licensing and production data for the state\u2019s medical and adult use markets. Cannabis Benchmarks does a great job of parsing out the data in easy-to-consume chunks. Here are few highlights: –\u00a0Average daily […]<\/p>\n","protected":false},"author":2,"featured_media":510,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[24,8],"tags":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t