Market & distress
What is the average price of cannabis in Michigan right now?
Last updated
The answer
$58.18 per ounce for average adult-use flower, as reported by the Michigan CRA as of June 2026. That figure is down sharply from triple-digit per-ounce pricing three years earlier, reflecting sustained oversupply relative to demand as license counts grew faster than retail sales through most of that period.
Wholesale pricing tells the supply story
Michigan Treasury's Q3 2026 average wholesale guidance puts flower at $641.41/lb, shake and trim at $349.82/lb, concentrate at $2,042.73/lb, vape cartridge material at $2,329.67/lb and kief at $818.65/lb — figures used to compute the state's wholesale excise tax and a useful cross-check against retail price trends.
Sources
Where these figures come from
Go deeper
Related pages on this site
More market & distress answers
- Is the Michigan cannabis market oversaturated?
- How does Michigan's 24% wholesale tax affect operators?
- How many dispensaries are there in Michigan?
- Why are Michigan cannabis businesses closing?
- How do I buy a distressed dispensary in Michigan?
- How much marijuana tax revenue does my city get?
Last updated
Next step
Apply this to your deal
Tell us the jurisdiction, licence type and building profile. We confirm the ordinance and licence position with the municipality and the CRA, then show you what survives it.
Last updated