[Detroit, MI] – While inflation continues to drive up prices across nearly every industry, Michigan’s cannabis market has defied economic trends with unprecedented price drops. Lume Cannabis Co., a trailblazer in the state’s cannabis industry, has not only adapted to these changes but has leveraged them to become Michigan’s most trusted dispensary. Since its launch in 2019, Lume has expanded to 38 dispensary locations, serving over 800,000 consumers and demonstrating that high-quality cannabis can remain affordable—even in today’s economy.
Cannabis Prices Drop as the Cost of Living Rises
The past few years have seen dramatic shifts in the economic landscape. While consumers are paying significantly more for essentials—gasoline prices have surged nearly 50% since 2019, grocery costs have increased by over 20%, and housing prices continue to skyrocket—cannabis prices in Michigan have dropped at an unprecedented rate.
In 2019, an ounce of cannabis flower averaged $516.21. By early 2025, that same ounce costs just $68, marking an 86.5% decline. This stark contrast to inflation-driven price hikes in other sectors highlights how Michigan’s cannabis market has become one of the most consumer-friendly industries in the state.
However, not all cannabis companies have been able to survive the price compression. Many dispensaries have shuttered their doors due to shrinking margins, but Lume Cannabis Co. has not only survived—it has thrived.
Lume’s Competitive Advantage: Innovation and Efficiency
Lume’s ability to excel in a price-competitive market is rooted in its commitment to efficiency and innovation. The company’s expansive 250,000-square-foot cultivation facility, coupled with large-scale outdoor grow operations, has allowed it to control production costs without compromising quality. By streamlining its supply chain and maintaining operational efficiency, Lume ensures customers receive premium cannabis at prices that remain accessible.
Rather than cutting corners, Lume has doubled down on product quality while refining its operations to remain profitable. Unlike competitors forced to downgrade their offerings to stay afloat, Lume continues to provide top-tier cannabis at some of the lowest prices in the nation.
Expanding a Portfolio of Premium Cannabis Offerings
Lume Cannabis Co. differentiates itself through continuous product innovation. With a diverse and carefully curated product lineup, the company remains at the forefront of consumer demand. Lume’s offerings include:
- AMP’D Live Resin Infused Pre-Rolls & Flower: A dynamic fusion of live resin and high-quality flower, enhancing both potency and flavor.
- Gold Label Live Rosin: A high-end, solventless concentrate that delivers a clean and powerful cannabis experience, available in 510 cannabis vapes and disposable thc cartridges.
- BUZZN THC Seltzer: A refreshing, THC-infused beverage designed as an alcohol alternative, available in three naturally flavored varieties.
- Exclusive Strains, Including Jenny Kush: A top-shelf strain celebrated for its premium terpene profile, smooth smoke, and elevated THC content.
A Consumer-First Approach: Redefining the Dispensary Experience
Lume is dedicated to providing a superior dispensary experience through both its in-store and online platforms. The company’s sophisticated e-commerce system allows customers to seamlessly browse its extensive product selection, compare deals, and access detailed third-party lab reports for transparency in potency and content.
To further enhance customer satisfaction, Lume is developing an AI-powered budtender, an innovative digital tool designed to deliver personalized product recommendations based on individual consumption habits and preferences. This cutting-edge approach to customer service sets Lume apart as a forward-thinking leader in cannabis retail.
Expansion and the Future of Lume Cannabis Co.
While inflation continues to impact nearly every industry, Lume is committed to maintaining its affordability while pursuing strategic expansion. The company is exploring opportunities beyond Michigan, with plans to bring its high-quality, reasonably priced cannabis products to new markets.
Lume’s continued investment in research and development ensures it remains ahead of industry trends, delivering new and improved offerings that resonate with consumers. By maintaining its emphasis on innovation, affordability, and customer satisfaction, Lume Cannabis Co. is poised for continued success in an ever-changing economic landscape.
About Lume Cannabis Co.
Lume Cannabis Co. is Michigan’s leading cannabis dispensary, offering high-quality cannabis at competitive prices. Since 2019, Lume has grown to 38 locations across the state, serving over 800,000 customers. By prioritizing efficiency, innovation, and customer-focused solutions, Lume continues to redefine the cannabis retail experience and remains a dominant force in the industry.
