{"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":"<p><span style=\"font-weight: 400;\">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><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Cannabis Benchmarks does a great job of parsing out the data in easy-to-consume chunks. Here are few highlights:<\/p>\n<p><\/span><span style=\"font-weight: 400;\"><em>&#8211;\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<p><em>&#8211;\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<p><em>&#8211;\u00a0Vegetative plant count fell 4.3% month-on-month in January and flowering plant count rose by 7.4%.<\/em><\/p>\n<p>And, here\u2019s the beginning of their article:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">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. <a href=\"https:\/\/www.cannabisbenchmarks.com\/michigan-wholesale-cannabis-prices-drop-while-supply-balloons\/\" target=\"_blank\" rel=\"noopener\">Read more<\/a>.<\/p>\n<p>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,\u00a0<a href=\"https:\/\/www.apextrading.com\/demos\">please request a demo here<\/a>\u00a0or shoot us an email at\u00a0<a href=\"mailto:sales@apextrading.com\" target=\"_blank\" rel=\"noopener\">sales@apextrading.com<\/a><\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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: &#8211;\u00a0Average daily [&hellip;]<\/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":[],"_links":{"self":[{"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/posts\/509"}],"collection":[{"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/comments?post=509"}],"version-history":[{"count":2,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/posts\/509\/revisions"}],"predecessor-version":[{"id":512,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/posts\/509\/revisions\/512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/media\/510"}],"wp:attachment":[{"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/media?parent=509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/categories?post=509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/temp.apextrading.com\/blog\/wp-json\/wp\/v2\/tags?post=509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}