Minnesota Marijuana Prices Could Finally Drop By The End Of 2026

It's been a long rollout for legal marijuana in Minnesota. The first non-native dispensaries opened up in the state last fall, and there was quite the sticker shock for customers, especially those familiar with cannabis prices in other legalized states.

Expensive Marijuana Prices In Minnesota

For example, Michigan marijuana prices are so cheap that many people risk crossing through Wisconsin (where it is still illegal and enforced) to visit dispensaries and bring it back home. Seriously, for many, it's worth the drive when prices are 4 to 5 times cheaper than what you can find in Minnesota.

That's due to the fact that it's been legal there longer, and they have the supply needed to stabilize the market. Competition drives prices down and makes things more affordable.

Read More: Wisconsin State Patrol Cracks Down On THC At Michigan Border

Less Than 20% Of Cultivation Canopy In Minnesota Is Being Used

In Minnesota, it's expensive. In a lot of cases, it's more than what someone would be paying on the black market. That's because the supply is low, and there isn't enough cannabis being cultivated in the state. Part of the issue is that growers are trying to hit a moving target with regulations that keep changing.

Get our free mobile app

A recent report from Fox 9 in Minneapolis says that there is only 400,000 square feet of marijuana canopy being grown in the state out of the estimated 2 million square feet available. That's not even 20% of the potential for growth.

Prices Expected To Come Down By The End Of 2026 Or Early 2027

There are about 180 more cannabis retail stores opening this year across Minnesota. The supply will continue to grow, and analysts expect to see prices come down with more competition by the end of this year or early next year.