January pot price pothole, projection of sales this year continues to be high

The price of Michigan marijuana continued descending in January as the Cannabis Regulatory Agency today predicted nearly $3 billion for sales in 2023. The average price of recreational marijuana flower, known as bud, fell to $80.16 per ounce, as of Feb. 1. The price was at an all-time low in November at $95.12 per ounce, which prompted industry concerns. Even though the price was dropping, the number of pounds of bud sold in the recreational space was up 54%, but the amount from medical was down 58%. The year-over-year amount of flower sold recreationally was up 294%. Bud continued to

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