Based in Houston, Alan leverages his experience as founder of online community
420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At
New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at
Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a
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Michigan cannabis sales for February fell from a year ago and fell sequentially by 2.4%, which was up on a per-day basis. At $241.3 million, sales were down 7.6% from a year earlier:
The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 71.1% from a year ago to $0.6 million, down 11.3% sequentially, and adult-use sales decreasing 4.7% year-over-year to $246.6 million, flat sequentially:
The state breaks out sales by category and provides pricing detail by category, for both medical and adult-use:
As supply continues to expand, flower pricing for adult-use has seen a dramatic decline. In February, the average price of $1043 per pound fell sequentially by 2.0% and declined 29.1% from a year ago to a new low:
Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion, 27.9% in 2022 to $2.29 billion and 33.3% to $3.06 billion in 2023. In 2024, they grew by 7.6% to $3.29 billion, and they are down 3.0% so far in 2025. The program should continue to expand ahead as supply becomes more available and as distribution expands.
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