For the first time since Michigan legalized recreational cannabis in 2019, the state’s adult-use industry is showing signs of contraction due to oversupply. Records show dispensaries held more than 160,000 pounds of flower in April, up from 143,300 pounds the prior year.Between January and April 2025, dispensaries sold $1.03 billion in cannabis products, according to data from the Cannabis Regulatory Agency. That’s down from $1.06 billion during the same period last year, marking the first year-over-year decline.“As production continues to go on indefinitely, the prices will continue to go down,” Robin Schneider, executive director of the Michigan Cannabis Industry Association, says. “It’s getting to the point where the compression is not only hurting businesses but state revenue. The state should be concerned.”

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