New figures from the Michigan Cannabis Regulatory Agency (MCRA) show that October cannabis sales fell 4.3% compared with September.
Although this represented a year-on-year sales increase of 25.5%, it marked the third consecutive month of decline in the state.
This was driven by a significant drop in medical cannabis sales, seeing revenues fall over 70% to $4.9m compared to October 2022, and 10.2% compared with September.
However, this was largely mainly attributed to a decline of the much larger adult-use market, which saw sales fall 4.2% month-on-month, despite a 33% increase year-on-year.
This fall in overall revenues is also a reflection of the drop in prices for adult use cannabis, dropping 4.9% to $1562 on an annual basis.
These figures come alongside reports from the MCRA that a number of fines have been issued against the state’s cannabis retailers.
In October, 28 complaints were listed against a number of different companies, including a number of instances where complaints have been withdrawn by the regulator.
These infractions range from failing to retain 30 days of video surveillance, seeing Aim High Meds fined $7000, to selling expired gummies, which cost retailer Exclusive Kalamazoo $3000 in fines.
