LANSING LINES
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Cannabis Sales Set Record In July As Price Rebounds
Cannabis sales hit a record high in July, according to Cannabis Regulatory Agency (CRA) data, which also found prices for marijuana-related products on the rise after hitting an all-time low in January.
Total sales in July set a state record with nearly $271 million. Prices are still down year-over-year, but the CRA data showed the average per-ounce price of flower, known as bud, has increased steadily since the industry low of $80 in January to nearly $99 in July. The amount being sold and held in inventory also grew [Read More]